Walmart Releases 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.

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.

More detail at https://corporate.walmart.com/media-library/document/q1-fy20-earnings-release/_proxyDocument?id=0000016a-be94-df93-a37b-ffdd0c0c0001

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