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REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsNEW YORK, Aug 17 (Reuters) - Resilient U.S. consumer spending drove Walmart's (WMT.N) better-than-expected second-quarter results and forecast hike but its international business on Thursday posted its best quarterly performance in several years. The retail behemoth's international business, which spans 19 countries, posted a 13.3% jump in sales during the second quarter, its strongest result since at least 2016, Refinitiv data shows. The unit posted $27.6 billion in sales, or 17% of the company's quarterly revenue, beating market estimates of $26.12 billion. In India, Walmart's majority-owned business Flipkart posted double-digit sales growth and PhonePe processed more than 5 billion transactions in a single month, Walmart said. "Walmart's international business continues to perform well.

Persons: Mario Anzuoni, Walmart's, Doug McMillon, Flipkart, Judith McKenna, McKenna, Kathryn McLay, Jason Benowitz, Siddharth Cavale, Aishwarya Venugopal, Vanessa O'Connell, Mark Porter Organizations: Walmart, REUTERS, Reuters Graphics, Unilever, Caterpillar, Sam's, Walmart International, Walmart's Sam's, Thomson Locations: Rosemead , California, U.S, Canada, United States, Mexico, India, China, New York, Bengaluru

☆ Walmart raises full-year earnings forecast as grocery, online growth fuel higher sales
▼ + stars: | 2023-08-17 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +5 min

It said adjusted earnings per share for the year will range between $6.36 and $6.46. That compares with its prior guidance for consolidated net sales gains of 3.5% and an adjusted earnings per share range of between $6.10 and $6.20. Transactions increased by 2.9% and the average ticket rose by 3.4% for Walmart U.S.Same-store sales for Walmart U.S. grew by 6.4% in the second quarter, excluding fuel, compared with the year-ago period. Sales for Walmart Connect, the company's advertising business in the U.S., grew 36% year over year. In the grocery department at Walmart U.S., sales of private labels rose 9% year over year.

Persons: John David Rainey, Rainey, Doug McMillon, Judith McKenna, Kath McLay, Chris Nicholas, " Rainey, Walmart's, John Furner Organizations: Walmart, Walmart U.S, CNBC, Sam's, Walmart Connect Locations: U.S

Despite these challenges, Walmart International has performed strongly under McKenna's leadership, under which it exited poorly performing operations in Japan, Britain, Argentina and Brazil. McKenna has led Walmart International since 2018, overseeing a multi-year transformation that resulted in the unit delivering more growth and stronger financial results across the board, Walmart CEO Doug McMillon wrote in a memo to employees. Sam's Club, a rival to Costco (COST.O), for years had been an underperforming business with muted sales growth. Sam's Club, a business unit with $84 billion of yearly revenue, has posted 12.7% average annual comparable sales growth since McKay took over the division, according to a Reuters calculation. Walmart also announced that Christopher Nicholas, currently chief operating officer of Walmart U.S., would replace McLay as CEO of Sam's Club.

Persons: Mario Anzuoni, Kathryn McLay, Judith McKenna, McKenna, Doug McMillon, Piper Sandler, McKay, she's, Edward Jones, Brian Yarbrough, Christopher Nicholas, Ananya Mariam Rajesh, Siddharth Cavale, Anil D'Silva, Sandra Maler, Jamie Freed Organizations: Walmart, REUTERS, Walmart Inc, Walmart International, Sam's, Woolworths, Sam's Club, Costco, Walmart U.S, McLay, Jan, Thomson Locations: Rosemead , California, U.S, China, Mexico, South Africa, Japan, Britain, Argentina, Brazil, India, Walmart's U.S, Walmart Mexico, Bengaluru, New York

☆ Sam's Club history: How Walmart grew its small-business supply store to a 600-warehouse behemoth locked in a battle with Costco
▼ + stars: | 2023-05-28 | by ( Ben Tobin | ) www.businessinsider.com time to read: 1 min

Kathryn McLay is the current CEO of Sam's Club, assuming the role in 2019. "We still see ourselves as the 'experiment' Sam Walton launched back in 1983, always looking to evolve and improve," she said in a recent LinkedIn post. Sam's ClubSource: Sam's Club, LinkedIn

☆ Five takeaways about the consumer from Walmart, other retailers after a big week of earnings
▼ + stars: | 2023-05-19 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +8 min

So far, at least five retailers – Target, Walmart, Tapestry , Bath and Body Works and Foot Locker – have spoken about sales trends across the country getting worse. The retailer's comparable sales in the U.S. declined 4.6% in the quarter versus the year-ago period. Target, Home Depot and Walmart all saw a noticeable pattern: Fewer pricey and fun items in shopping carts. At Home Depot, customers bought fewer big-ticket items like appliances and grills in the fiscal first-quarter. Customers at Walmart have become more selective when shopping for electronics, TVs, home items and apparel, Rainey told CNBC.

☆ Sam's Club's history: How Walmart turned a supply store for small businesses into Costco's biggest rival
▼ + stars: | 2023-05-09 | by ( Ben Tobin | ) www.businessinsider.com time to read: 1 min

☆ Walmart-owned Sam's Club plans to open about 30 new stores over next five years
▼ + stars: | 2023-01-26 | by ( Melissa Repko | ) www.cnbc.com time to read: +2 min

Walmart -owned Sam's Club on Thursday said it will open more than 30 new stores in the U.S., marking its most aggressive expansion in years. Sam's Club also plans to open five fulfillment and distribution centers this year, with the first of those opening in Georgia. "During times like inflation, times when people have pressure on their household budget, it's a time when Sam's Club can really show up," she said in a CNBC interview. Its most recent new club opened in 2017 in Hanover, Pa.McLay said the new stores will open in high-growth suburban areas where Sam's Club has few stores or no stores, but declined to specify the locations, citing competitive reasons. Sam's Club's new stores will be about 160,000 square feet — larger than Sam's Club's typical footprint of about 140,000.

☆ Sam's Club goes big with plans to open dozens of new US stores that are nearly 20% larger
▼ + stars: | 2023-01-26 | by ( Ben Tobin | ) www.businessinsider.com time to read: +2 min

Sam's Club is opening 30 new warehouses across the United States in the next five to seven years. The new warehouses will be roughly 160,000 square feet, much larger than the average Sam's Club store. The decision to expand comes as Sam's Club membership numbers have continued to reach record heights, fueled by the pandemic. "We've seen remarkable growth over the past few years with a record number of members, and we're excited to bring the experience of Sam's Club to even more markets as we expand our footprint," Sam's Club CEO Kathryn McLay said in a statement. For context, the average Costco warehouse is 146,000 square feet, and BJ's Wholesale Club stores range in size from 63,000 square feet to 163,000 square feet.

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