Walmart U.S. reports third quarter results

COMPANY PRESS RELEASE–Walmart U.S. Q3 comp sales(1) grew 3.4% and Walmart U.S. eCommerce sales grew 43%, Q3 GAAP EPS of $0.58.  Adjusted EPS2 of $1.08, Walmart now expects FY19 GAAP EPS of $2.26 to $2.36, Walmart raises guidance for FY19 Adjusted EPS2 to $4.75 to $4.85.

Highlights
• Total revenue was $124.9 billion, an increase of $1.7 billion, or 1.4%. Excluding currency2, total revenue was $126.1 billion, an increase of $2.9 billion, or 2.4%.
• Walmart U.S. comp sales1 increased 3.4% in the period and 6.1% on a two-year stack with broad-based strength and market share gains in key categories, according to Nielsen and The NPD Group.
• Walmart U.S. omnichannel progress continues as grocery pickup is now available in nearly 2,100 locations and grocery delivery is available in nearly 600 locations.
• Sam’s Club comp sales1 increased 3.2%3, and eCommerce sales grew 32%. Membership trends continue to improve.
• Net sales at Walmart International were $28.8 billion, a decline of 2.6%. Excluding currency2, net sales were $30.0 billion, an increase of 1.6%. Comp sales were positive in nine of 10 markets.
• Adjusted EPS2 excludes the impact of three items:  An unrealized loss of $0.48 on the company’s equity investment in JD.com, a charge of $0.03 for foreign currency upon finalizing the sale of a majority stake in Walmart Brazil, and a benefit of $0.01 due to an adjustment in the provisional amount related to Tax Reform.

To access full article and financial information directly from the company,
click here.