Walmart saw its revenue near $153 billion in the fourth quarter as consumer demand was strong during the holiday shopping season, according to a financial results statement released Thursday.
US net sales for the world’s largest retailer surpassed $105 billion during the October-December period.
In 2021, total revenue at the company climbed to almost $573 billion, up 2.4% from the previous year.
The company considers last year as fiscal year 2022 in its financial statement.
Walmart’s net income rose to $3.56 billion in the fourth quarter, recovering strongly from a $2.09 billion net loss recorded in the last quarter of 2020.
Net income increased in 2021 to $13.67 billion — a 1.2% gain from $13.51 billion in 2020.
Walmart stock price was up almost 1% during pre-market trading on the New York Stock Exchange.
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