Is Walmart Losing Sales?

Walmart posted a net loss of $2.09 billion, or 74 cents per share, for the quarter that ended Jan. 31, compared with net income of $4.1 billion, or $1.45 per share, in the same quarter last year. Adjusting for the overseas sales and other one-time items, Walmart earned $1.39 per share.

Is Walmart losing money?

According to the 2021 earnings report, the retailer lost an additional 1.8 billion ($117 million) in revenue due to a 110-day Covid-19 prohibition on liquor sales that further hurt the company's overall 2021 sales performance.

Is Walmart doing well financially?

But 2021 earnings show that Walmart has more than recovered, with comp sales growing 6.4% and e-commerce sales rising 11% year over year. Total revenues for the company in 2021, including store sales and rental income from its leased properties, increased 1.6% after accounting for currency changes.