Note: The starting time of each major company’s fiscal year is different from the natural year, so the fiscal quarter, year, etc. may not be consistent with the natural year. Each company may announce its performance on a quarterly or semi-annual basis.
USA
Walmart
Walmart announced its second quarter 2022 results. Quarterly revenue was US$152.86 billion, a year-on-year increase of 8.4%. Net profit was US$5.15 billion, compared with US$4.28 billion in the same period last year. U.S. same-store sales (excluding fuel) increased 6.5% year over year, and e-commerce sales increased 12% year over year. Same-store sales (excluding fuel) at Sam’s Club increased 9.5% year-over-year, and the number of members hit a record high. Some of Walmart’s sales growth comes from inflation, which pushes up the price of food and other goods.
Costco Wholesale
Costco Wholesale (Costco Wholesale) announced its fourth quarter and full-year financial results for fiscal 2022. Total revenue in the fourth quarter was US$72.091 billion, a year-on-year increase of 15.0% from US$62.675 billion; net profit was US$1.868 billion, a year-on-year increase of 11.9%. Fourth quarter net sales were $70.764 billion and membership fees were $1.327 billion. The company’s total revenue for the fiscal year was US$226.954 billion, a year-on-year increase of 15.8%; of which, net sales were US$222.730 billion and membership fees were US$4.224 billion. Net profit for the fiscal year was US$5.844 billion, a year-on-year increase of 16.7%.
Home Depot
Home Depot announced results for the second quarter and first half of the year ended July 31, 2022. Quarterly net sales were US$43.792 billion, compared with US$41.118 billion in the same period last year. Quarterly net profit was US$5.173 billion, compared with US$4.807 billion in the same period last year. Net sales in the first half of the year were US$82.7 billion, compared with US$78.618 billion in the same period last year. Net profit for the period was US$9.404 billion, compared with US$8.952 billion in the same period last year.
Kroger
U.S. supermarket Kroger announced its second-quarter results. Quarterly sales reached $34.6 billion, an increase of 5.8% (excluding fuel), compared with $31.7 billion in the same period last year. Net profit was US$731 million, a year-on-year increase of 56.5%, compared with US$467 million in the same period last year.
Walgreens Boots Alliance
Walgreens Boots Alliance announced results for the third fiscal quarter ended May 31, 2022. Quarterly sales were US$32.597 billion, compared with US$34.03 billion in the same period last year. Quarterly net profit was US$289 million, compared with US$1.197 billion in the same period last year.
Lowe’s
Lowe’s announced results for the second quarter of fiscal 2022 ended July 29, 2022. Quarterly revenue was US$27.476 billion, a year-on-year decrease of 0.3%. Net profit was US$29.92, compared with US$3.018 billion in the same period last year. Same-store sales fell 0.3%. Among them, same-store sales in the U.S. home improvement industry increased by 0.2%, and sales by professional customers increased by 13%.
CVS Health
American pharmaceutical retail giant CVS Health (CVS Health) announced its results for the second quarter and first half of 2022. Total quarterly revenue was US$80.623 billion, compared with US$72.616 billion in the same period last year. Quarterly net profit was US$2.961 billion, compared with US$2.791 billion in the same period last year. By business, revenue from the medical and health benefits business was US$22.8 billion, revenue from the pharmacy services business was US$42.8 billion, and revenue from the retail pharmacy/long-term care business was US$26.3 billion. Total revenue in the first half of the year was US$141.7 billion, compared with US$157.5 billion in the same period last year. Net profit for the period was US$5.274 billion, compared with US$5.015 billion in the same period last year.
Target
Target announced its second quarter 2002 results. Total quarterly revenue was US$26.037 billion, a year-on-year increase of 3.5%. Net profit was US$183 million, a year-on-year plunge of 89.9%. Comparable sales increased 2.6% in the second quarter, with physical store comparable sales increasing 1.3% and digital comparable sales increasing 9.0%. Product categories that performed strongly in the second quarter included food and beverages, beauty and household staples.
Best Buy
Consumer electronics retailer Best Buy released financial reports showing that profits and revenue fell less than expected in the second fiscal quarter ended July 30, 2022, thanks to growth in online sales. Net profit for the financial quarter fell to US$306 million, compared with US$734 million in the same period last year. Second-quarter revenue fell 12.8% to $10.33 billion; same-store sales fell 12.1%. Online sales accounted for 31% of total domestic sales, almost double the pre-pandemic level in the second quarter of fiscal 2020.
Dollar General
Dollar General, an American discount retail chain, announced its second quarter and first half results as of July 29, 2022. Quarterly net sales were US$9.426 billion, compared with US$678 million in the same period last year. Quarterly net profit was US$637 million, compared with US$4.807 billion in the same period last year. Net sales in the first half of the year were US$18.177 billion, compared with US$17.051 billion in the same period last year. Net profit for the period was US$1.231 billion, compared with US$1.315 billion in the same period last year.
Dollar Tree
Dollar Tree announced results for the second quarter and first half of the year ended July 30, 2022. Quarterly net sales were US$6.765 billion, compared with US$6.34 billion in the same period last year. Quarterly net profit was US$360 million, compared with US$282 million in the same period last year. Net sales in the first half of the year were US$13.665 billion, compared with US$12.817 billion in the same period last year. Net profit for the period was US$896 million, compared with US$657 million in the same period last year.
�Macy’s
Macy’s announced results for the second quarter ended July 30, 2022. Total quarterly revenue was US$5.6 billion, compared with US$5.647 billion in the same period last year. Net profit fell to US$275 million, compared with US$345 million in the same period last year.
Nordstrom
Nordstrom, a high-end department store chain in the United States, announced its second quarter 2022 results, with revenue increasing 12% year-on-year to US$4.095 billion. Net profit was US$126 million, compared with US$80 million in the same period last year, a year-on-year increase of 58%.
Kohl’s
Kohl’s announced its second quarter 2022 financial results. Quarterly revenue was US$4.087 billion, a year-on-year decrease of 8.1%. Net profit in the second quarter was US$143 million, compared with US$382 million in the same period last year, a year-on-year decrease of 63%. Same-store sales fell 7.7% year-on-year in the second quarter.
Europe
Carrefour Group (Carrefour)
Carrefour Group (Carrefour) announced its results for the first half of 2022. Sales for the current period were 43.42 billion euros (approximately US$43 billion), compared with 38.319 billion euros in the same period last year. Operating profit for the period was 741 million euros, compared with 660 million euros in the same period last year. The adjusted net profit for the group shareholders in the current period was 325 million euros, compared with 337 million euros in the same period last year.
Ahold Delhaize Group
Ahold Delhaize Group announced its second quarter and first half of 2022 results. Quarterly net sales were 21.445 billion euros (approximately US$21.2 billion), compared with 18.645 billion euros in the same period last year. Net profit for the quarter was 603 million euros, compared with 540 million euros in the same period last year. Net sales in the first half of the year were 41.219 billion euros (approximately US$40.8 billion), compared with 36.909 billion euros in the same period last year. Net profit for the current period was 1.149 billion euros, compared with 1.09 billion euros in the same period last year.
French ELO Group
The French ELO Group (formerly Auchan Holding SA) announced its results for the first half of 2022. Revenue for the current period was 15.665 billion euros (approximately US$15.5 billion), compared with 14.741 billion euros in the same period last year. The net loss attributable to the owners of the parent company for the current period was 191 million euros, compared with a net loss of 24 million euros in the same period last year. Among them, Auchan’s retail revenue was 15.38 billion euros and EBITDA profit was 440 million euros.
METRO AG
METRO AG announced its third quarter results for the 2021/22 fiscal year ending at the end of June 2022. Quarterly sales were 7.911 billion euros (approximately 7.83 billion U.S. dollars), compared with 6.247 billion euros in the same period last year. The quarterly net loss attributable to shareholders was 290 million euros, compared with a net profit of 63 million euros in the same period last year.
CECONOMY AG
Consumer electronics retailer CECONOMY AG announced its third quarter results for the 2021/22 fiscal year ending at the end of June 2022. Quarterly sales were 4.659 billion euros (approximately US$4.61 billion), compared with 4.407 billion euros in the same period last year. The quarterly net loss attributable to shareholders was 95 million euros, compared with a net loss of 67 million euros in the same period last year.
Kingfisher
Kingfisher, the parent company of home improvement retailer B&Q, announced its results for the first half of the 2022/23 financial year ending on July 31, 2022. Sales for the current period were 6.809 billion pounds (approximately 7.715 billion U.S. dollars), compared with 7.101 billion pounds for the same period last year. Operating profit for the period was 531 million pounds, compared with 747 million pounds in the same period last year.
Asia Pacific
Seven & i Holdings Co
Seven & i Holdings Co, the parent company of the convenience store chain 7-Eleven, announced its quarterly results as of May 31 (March-May). Quarterly revenue was 2,447.3 billion yen (approximately US$16.9 billion), compared with 1,555.4 billion yen in the same period last year. Operating profit was 102.4 billion yen, compared with 77.5 billion yen in the same period last year. Quarterly net profit attributable to owners of the parent company was 65.039 billion yen, compared with 43.018 billion yen in the same period last year.
AEON CO., LTD.
Japanese retail giant AEON CO., LTD. announced its quarterly results as of May 31 (March-May). Quarterly revenue was 2,203.2 billion yen (approximately US$15.2 billion), compared with 2,153.2 billion yen in the same period last year. Operating profit was 43.897 billion yen, compared with 39.183 billion yen in the same period last year. Quarterly net profit attributable to owners of the parent company was 19.372 billion yen, compared with 5 billion yen in the same period last year.
CK Hutchison Industrial
Cheung Kong Hutchison Industrial Co., Ltd. announced its results for the first half of 2022. Among them, Watsons Group, which is responsible for the retail business, achieved total revenue of HK$84.9 billion (approximately US$10.8 billion), compared with HK$82.6 billion in the same period last year. EBITDA profit was HK$6.03 billion, compared with HK$6.725 billion in the previous year. The health and beauty products segment accounted for HK$70.7 billion in retail segment revenue. Among them, revenue from Chinese health and beauty products was HK$9.685 billion, revenue from Asian health and beauty products was HK$15.304 billion, and revenue from European health and beauty products was HK$45.701 billion.
Woolworths
Australian supermarket giant Woolworths announced its results for the fiscal year ending June 26, 2022. Sales from continuing operations in the fiscal year were A$60.849 billion (approximately US$39.2 billion), compared with A$55.733 billion in the previous fiscal year. Net profit attributable to the parent company for this fiscal year was AU$1.514 billion, compared with AU$1.504 billion in the previous fiscal year.
Yonghui Supermarket
Yonghui Supermarket released its 2022 semi-annual report, which showed that its operating income reached 48.732 billion yuan (approximately US$6.85 billion), a year-on-year increase of 4.07%; the same store increased by 4.2% year-on-year. In the first half of the year, the net profit attributable to the parent company after deducting non-profit items reached 94 million yuan, a year-on-year increase of 1.019 billion yuan. In the first half of the year, Yonghui opened 20 new stores across the country. In the first half of the year, Yonghui’s online business achieved revenue of 7.59 billion yuan, a year-on-year increase of 11.5%, accounting for 15.7% of total revenue.
Lotte Shopping
South Korea’s Lotte Shopping announced its second quarter 2022 results. Quarterly revenue was 3.902 billion won (approximately US$2.75 billion), compared with 3.903 billion won in the same period last year. Quarterly operating profit was 74 billion won, compared with 8 billion won in the same period last year. Quarterly net profit was 45 billion won, compared with a net loss of 35 billion won in the same period last year.
Suning Online Market
Suning.com released its 2022 semi-annual report. Revenue in the first half of the year was 37.209 billion yuan (approximately US$5.23 billion), a year-on-year decrease of 60.25%; a loss of 2.74 billion yuan, a loss of 5.024 billion yuan in the same period last year. Among them, the loss in the second quarter was 1.712 billion yuan.
Dairy International (DFI Retail Group Holdings Limited)
Retail group DFI Retail Group Holdings Limited announced its results for the first half of 2022. Sales for the current period were US$4.483 billion, compared with US$4.537 billion in the same period last year. The net loss attributable to the company’s shareholders for the current period was US$57.6 million, compared with a net profit of US$16.7 million in the same period last year.
Gome
Gome Retail disclosed its 2022 semi-annual report. During the reporting period, it achieved revenue of 12.11 billion yuan (approximately US$1.7 billion), a year-on-year decrease of 53.5%; the net loss was approximately 2.97 billion yuan.
�15.7%.
Lotte Shopping
South Korea’s Lotte Shopping announced its second quarter 2022 results. Quarterly revenue was 3.902 billion won (approximately US$2.75 billion), compared with 3.903 billion won in the same period last year. Quarterly operating profit was 74 billion won, compared with 8 billion won in the same period last year. Quarterly net profit was 45 billion won, compared with a net loss of 35 billion won in the same period last year.
Suning Online Market
Suning.com released its 2022 semi-annual report. Revenue in the first half of the year was 37.209 billion yuan (approximately US$5.23 billion), a year-on-year decrease of 60.25%; a loss of 2.74 billion yuan, a loss of 5.024 billion yuan in the same period last year. Among them, the loss in the second quarter was 1.712 billion yuan.
Dairy International (DFI Retail Group Holdings Limited)
Retail group DFI Retail Group Holdings Limited announced its results for the first half of 2022. Sales for the current period were US$4.483 billion, compared with US$4.537 billion in the same period last year. The net loss attributable to the company’s shareholders for the current period was US$57.6 million, compared with a net profit of US$16.7 million in the same period last year.
Gome
Gome Retail disclosed its 2022 semi-annual report. During the reporting period, it achieved revenue of 12.11 billion yuan (approximately US$1.7 billion), a year-on-year decrease of 53.5%; the net loss was approximately 2.97 billion yuan.
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