Walmart (WMT) Reports Q3 Results-eCommerce Growth at Walmart U.S. Remained Strong
Walmart (WMT) each week, serves over 260 million customers and members as they visit their more than 11,600 stores under 59 banners in 28 countries and e-commerce websites in 11 countries. Walmart employs approximately 2.3 million associates worldwide.
Walmart this week reported their Q3 results. Some of the highlights are as follows:
- Total revenue was $123.22billion, 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 sales1 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 GMV3 increased 50% and 54%, respectively.
- Net sales at Walmart International were $29.5 billion, an increase of 4.1%. Excluding currency2, net sales were $29.1 billion, an increase of 2.5%. Ten of eleven markets posted positive comp sales, including our four largest markets.
The company repurchased approximately 27 million shares in Q3 FY18 under the $20 billion authorization approved in October 2015. Effective November 20, 2017, share repurchases will be made under the company’s $20 billion share repurchase authorization approved in October 2017.
• Fiscal year 2018 GAAP EPS: $3.84 to $3.92
• Fiscal year 2018 Adjusted EPS1: $4.38 to $4.46
• Comp sales for the 13-week period ending Jan. 26, 2018:
Walmart U.S. (ex. fuel)1: +1.5% to +2.0% Sam’s Club (ex. fuel)1: +1.5% to +2.0%