Walmart U.S. Q2 comps grew 1.8% and Walmart U.S. eCommerce GMV grew 67%, Company reports Q2 FY18 GAAP EPS of $0.96; Adjusted EPS of $1.08
- 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.
BENTONVILLE, Ark.--(BUSINESS WIRE)-- 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.
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Walmart reports Q2 FY18 earnings (Infographic: Business Wire)
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Source: Wal-Mart Stores, Inc.