Walmart U.S. Q3 comp sales grew 3.2% and Walmart U.S. eCommerce sales grew 41%
Company reports Q3 FY20 GAAP EPS of
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Total revenue was
$128.0 billion , an increase of$3.1 billion , or 2.5%. Excluding currency, total revenue was$129.0 billion , an increase of$4.1 billion , or 3.3%. - Walmart U.S. comp sales increased on a two-year stacked basis by 6.6%. Market share gains in the business were led by food and consumables, including fresh.
- Walmart U.S. eCommerce sales growth of 41% includes strong growth in online grocery.
- Walmart U.S. operating income increased 6.1%.
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Sam's Club comp sales increased 0.6%, and eCommerce sales grew 32%. Reduced tobacco sales negatively affected comp sales by 350 basis points. -
Net sales at
Walmart International were$29.2 billion , an increase of 1.3%. Excluding currency, net sales were$30.2 billion , an increase of 4.8%. The inclusion of Flipkart and strength in Walmex andChina were partially offset by softness in theU.K. -
Operating income declined 5.4%, or 4.1% in constant currency due in part to a non-cash impairment charge for
Walmart International . Excluding the impairment charge, operating income would have increased slightly. As expected, the inclusion of Flipkart negatively affected operating income. -
Third-quarter adjusted EPS excludes a non-cash impairment charge of
$0.06 , net of tax, and an unrealized gain of$0.05 , net of tax, on the company's equity investment inJD.com . - FY20 adjusted EPS is now expected to increase slightly compared to FY19 adjusted EPS.
- Announced Delivery Unlimited, a grocery delivery membership option, to 1,400 stores in the U.S.
- Launched InHome Delivery in three U.S. cities covering more than one million customers.
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