Walmart U.S. Q1 comp sales grew 3.4% & Walmart U.S. eCommerce sales grew 37%, Company reports Q1 FY'20 GAAP EPS of $1.33; Adj...
May 16 2019 - 7:02AM
Business Wire
Walmart Inc. (NYSE: WMT):
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Walmart reports Q1 FY20 earnings
- Total revenue was $123.9 billion, an
increase of $1.2 billion, or 1.0%. Excluding currency, total
revenue was $125.8 billion, an increase of $3.1 billion, or
2.5%.
- Walmart U.S. comp sales of 3.4% marks
the best Q1 comp in 9 years and is the fourth consecutive quarter
above 3%. Operating income was better than expected, up 5.5%.
- Walmart U.S. eCommerce sales growth of
37% reflects strong growth in online grocery, as well as the Home
and Fashion categories on Walmart.com.
- Sam’s Club comp sales increased 0.3%,
and eCommerce sales grew about 28%. Reduced tobacco sales
negatively affected comp sales by 270 basis points.
- Net sales at Walmart International were
$28.8 billion, a decline of 4.9%. Excluding currency, net sales
were $30.6 billion, an increase of 1.2%.
- Operating income declined 4.1%, or 3.0%
in constant currency, which was better than planned as strong
results from Walmart U.S. and Sam’s Club were offset by the
inclusion of Flipkart this year.
- Adjusted EPS excludes an unrealized
gain, net of tax, of $0.20 on the company’s equity investment in
JD.com.
About Walmart
Walmart 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 275
million customers and members visit our more than 11,300 stores
under 58 banners in 27 countries and eCommerce websites. With
fiscal year 2019 revenue of $514.4 billion, Walmart employs over
2.2 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.
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