Walmart Inc.
Q2 2023 Earnings Call
Aug 16, 2022, 8:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Greetings. Welcome to the Walmart fiscal year 2023 second-quarter earnings call. [Operator instructions] Please note, this conference is being recorded. At this time, I'll turn the conference over to Dan Binder, senior vice president, investor relations.
Dan, you may begin.
Dan Binder -- Senior Vice President, Investor Relations
Thank you, Rob. Good morning, and welcome to Walmart's second quarter fiscal 2023 earnings call. I'm joined by members of our executive team, including Doug McMillon, CEO; and John David Rainey, executive vice president and chief financial officer; John Furner, president and CEO of Walmart U.S.; Judith McKenna, president and CEO of Walmart International; and Kath McLay, president and CEO of Sam's Club. In a few moments, Doug and John David will provide you an update on the business and discuss second-quarter results.
That will be followed by our question-and-answer session. Before I turn the call over to Doug, let me remind you that today's call is being recorded and will include forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially from these statements. These risks and uncertainties include, but are not limited to, the factors identified in our filings with the SEC.
Please review our press release and accompanying slide presentation for a cautionary statement regarding forward-looking statements as well our entire safe harbor statement and non-GAAP reconciliations on our website at stock.walmart.com. It's now my pleasure to turn the call over to Doug McMillon.
Doug McMillon -- Chief Executive Officer
Good morning, and thanks for joining us. A few weeks ago, we updated you on our expectations for how we would perform in Q2 and for the year. The second quarter finished stronger than we had anticipated, and John David will touch on that in a moment and provide more detail for the back half of the year. Our sales were well ahead of plan with inflation lifting our average transaction size, but we know that the amount and persistence of inflation is negatively affecting many families.
From the U.S. to Mexico to Canada to Chile, they're prioritizing how they spend their money. We're pleased to see more families from a variety of income levels choose us as they look for value. Our purpose is to save people money and help them live better, and that's especially important right now.