Investor Presentaiton
Walmart
International
Strong local businesses
powered by Walmart
Gross profit rate
•
•
-37 bps
Format and channel mix changes in China, consistent with prior quarters
Continuing category mix shifts towards food and consumables
Operating expenses as a percentage of net sales
•
-129 bps
Leverage driven by strong sales growth driving fixed cost leverage across most markets
Benefited by format mix changes
Operating income
$1.2 billion, +14.1%; $1.1 billion (cc)', +2.2%
• Growth rate impacted 20 percentage points from lapping last year's $0.2b insurance
benefit related to the disruption in Chile in fiscal year 2020
Inventory
+6.2%
•
Primarily due to currency rate fluctuations
'See additional information at the end of this presentation regarding non-GAAP financial measures.View entire presentation