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Strong, Efficient Growth and Financial Overview

7 Strong, efficient growth: 4-5-4 comparable sales¹ ....and maintained high levels on a two-year stack 7.3% 6.2% 6.6% 6.1% 5.5% 4.1% 3.8% 4.1% Walmart U.S. Sam's Club 14.5% 13.4% 12.3% 12.1% 11.7% 11.6% 10.5% 9.6% 25.0% 21.0% 19.2% 16.0% 15.6% 14.5% 14.2% 21.2% 1Q20 2Q20 3Q20 4Q20² 1Q21 2Q21 3Q21 4Q21 1Q22³ 2Q223 3Q22³ 4Q223 1 Excludes fuel 2 Calculated on a 4-5-5 basis as the retail sales calendar included 14 weeks 3 Sam's club comp excluding fuel on a two-year stack was negatively affected by reduced tobacco sales by 750 bps in Q1, 680 bps in Q2, 580 bps in Q3 and 450 bps in Q4 Walmart

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