Supply Chain Costs Affect Walmart Profit

Walmart’s total revenue was $141.6 billion, up 2.4 per cent, in the first quarter of 2022 compared to the first quarter of 2021. U.S. comp sales grew three per cent and eCommerce growth was one per cent. Its international net sales were $23.8 billion, a decrease of $3.5 billion, or 13 per cent year-over-year. The consolidated gross profit rate declined 87 basis points, primarily due to elevated supply chain costs and product mix.