Walmart Releases Q1 FY21 Earnings

Walmart U.S. Q1 comp sales1 grew 10.0% and Walmart U.S. eCommerce sales grew 74%, Q1 FY21 GAAP EPS of $1.40; Adjusted EPS2 of $1.18, Company incurs incremental costs related to COVID-19 of nearly $900 million, Provides update on the business amid global health pandemic

*Total revenue was $134.6 billion, an increase of $10.7 billion, or 8.6%. Excluding currency 2 , total revenue would have increased 9.7% to reach $135.9 billion.
*Walmart U.S. comp sales1 increased 10.0%, led by strength in food, consumables, health & wellness and some general merchandise categories.
*Walmart U.S. eCommerce sales grew 74% with strong results for grocery pickup and delivery services, walmart.com and marketplace.
*Due to continued strength of the Walmart.com brand, the company will discontinue Jet.com. The acquisition of Jet.com nearly four years ago was critical to accelerating our omni strategy.
*Sam’s Club comp sales1 increased 12.0%, led by in-club transactions. eCommerce sales grew 40%. Reduced tobacco sales negatively affected comp sales by approximately 410 basis points.
more detail at: https://corporate.walmart.com/media-library/document/q1-fy21-earnings-release/_proxyDocument?id=00000172-29ed-d3ff-a3f6-bded2c350000

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