Walmart reports Q1 FY17 EPS of $0.98, EPS and Walmart U.S. comp sales exceed guidance
May 19 2016 - 7:02AM
Business Wire
Wal-Mart Stores, Inc. (NYSE: WMT):
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View the full release here:
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Walmart reports Q1 FY17 earnings
- Total revenue was $115.9 billion. On a
constant currency basis, total revenue was $119.4 billion, an
increase of 4.0%.
- Walmart U.S. delivered positive comp
sales for the seventh consecutive quarter, up 1.0%, driven by the
sixth consecutive quarter of positive traffic, up 1.5%.
Neighborhood Market comp sales increased approximately 7.1%.
Customer experience scores continued to improve.
- Net sales at Walmart International
reached $28.1 billion. Excluding currency, net sales were $31.6
billion, an increase of 4.3%, and operating income increased
22%.
- Globally, on a constant currency basis,
e-commerce sales and GMV increased 7.0% and 7.5%,
respectively.
- Operating cash flow was $6.2 billion
and free cash flow was $4.0 billion, both higher than last year due
to solid operating performance and improved working capital
management.
- Consolidated operating income declined
7.1%, as planned investments in people and technology, as well as
currency exchange rate fluctuations impacted results. Excluding
currency, operating income decreased by 4.6%.
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, nearly
260 million customers and members visit our 11,527 stores under 63
banners in 28 countries and e-commerce websites in 11 countries.
With fiscal year 2016 revenue of $482.1 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.
Along with this press release, Walmart makes available a
recorded call with executive leaders and a financial presentation
to review the business results, provide strategic updates, and
comment on expectations for the future. We provide that call in
both audio form and in a written transcript. Details on accessing
the call are as follows:
877-523-5612 (U.S. and Canada)201-689-8483 (other
countries)Passcode: 9256278 (Walmart)MP3 @ stock.walmart.comThe
call is archived at stock.walmart.com
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version on businesswire.com: http://www.businesswire.com/news/home/20160519005622/en/
Wal-Mart Stores, Inc.Investor Relations:Pauline Mohler,
479-277-0218orMedia Relations:Randy Hargrove, 800-331-0085
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