Walmart U.S. Q2 comps grew 1.8% & Walmart U.S. eCommerce GMV grew 67%, Company reports Q2 FY18 GAAP EPS of $0.96; Adjusted EP...
August 17 2017 - 7:01AM
Business Wire
- Total revenue was $123.4 billion, an
increase of $2.5 billion, or 2.1%. Excluding currency, total
revenue was $124.4 billion, an increase of $3.5 billion, or
2.9%.
- Walmart U.S. comp sales increased 1.8%
with traffic growth of 1.3%, marking the twelfth consecutive
quarter with positive comp sales.
- E-commerce growth at Walmart U.S.
remained strong, led by organic growth through Walmart.com. Net
sales and GMV grew 60% and 67%, respectively, as customers
continued to respond well to new initiatives and an expanded
assortment of more than 67 million SKUs.
- Net sales at Walmart International were
$28.3 billion, a decrease of 1.0%. Excluding currency, net sales
were $29.3 billion, an increase of 2.5%. Nine of eleven markets
posted positive comp sales.
- Second quarter EPS included a charge of
$0.17 for loss on extinguishment of debt in connection with the
company's recently completed debt tender offers. This discrete
charge was partially offset by the gain from the sale of the
Suburbia business in Mexico, which benefited EPS by $0.05.
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world
save money and live better - anytime and anywhere - in retail
stores, online, and through their mobile devices. Each week, over
260 million customers and members visit our more than 11,600 stores
under 59 banners in 28 countries and e-commerce websites in 11
countries. With fiscal year 2017 revenue of $485.9 billion, Walmart
employs approximately 2.3 million associates worldwide. Walmart
continues to be a leader in sustainability, corporate philanthropy
and employment opportunity. Additional information about Walmart
can be found by visiting http://corporate.walmart.com, on Facebook
at http://facebook.com/walmart and on Twitter at
http://twitter.com/walmart.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20170817005488/en/
Walmart reports Q2 FY18 earnings
(Infographic: Business Wire)
Along with this press release, Walmart makes available a
recorded call with executive leaders and a financial presentation
to review business results, provide strategic updates, and comment
on expectations for the future. We provide that call in both audio
form and in a written transcript. Details on accessing the call are
as follows:
877-523-5612 (U.S. and Canada) 201-689-8483 (other
countries) Passcode: 9256278 (Walmart)
The call is archived at stock.walmart.com
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170817005488/en/
Wal-Mart Stores, Inc.Investor Relations:Steve Schmitt,
479-258-7172orMedia Relations:Randy Hargrove, 800-331-0085
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