Walmart U.S. Q3 comps grew 2.7% & Walmart U.S. eCommerce sales grew 50%, Company reports Q3 FY18 GAAP EPS of $0.58; Adjusted ...
November 16 2017 - 6:01AM
Business Wire
- The company's third-quarter GAAP EPS
was adjusted for three items. A charge of $0.29 for loss on
extinguishment of debt in connection with the company's recently
completed debt tender offer, a charge of $0.09 based on discussions
with government agencies regarding the possible resolution of the
FCPA matter, and a charge of $0.04 based on the decision to exit
certain properties in one of the company's international
markets.
- Total revenue was $123.2 billion, an
increase of $5.0 billion, or 4.2%. Excluding currency, total
revenue was $122.7 billion, an increase of $4.5 billion, or
3.8%.
- Walmart U.S. comp sales increased 2.7%,
and comp traffic increased 1.5%.
- eCommerce growth at Walmart U.S.
remained strong, led by growth through Walmart.com. Net sales and
GMV increased 50% and 54%, respectively.
- Net sales at Walmart International were
$29.5 billion, an increase of 4.1%. Excluding currency, net sales
were $29.1 billion, an increase of 2.5%. Ten of eleven markets
posted positive comp sales, including our four largest
markets.
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 press release features multimedia. View
the full release here:
http://www.businesswire.com/news/home/20171116005729/en/
Walmart reports Q3 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/20171116005729/en/
Wal-Mart Stores, Inc.Investor Relations:Steve Schmitt,
479-258-7172orMedia Relations:Randy Hargrove, 800-331-0085
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