Company Website:
http://stock.walmart.com
BENTONVILLE, Ark. -- (Business Wire)
Wal-Mart Stores, Inc. (NYSE: WMT):
This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20160519005622/en/
Walmart reports Q1 FY17 earnings
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Total revenue was $115.9 billion. On a constant currency basis, total
revenue was $119.4 billion, an increase of 4.0%.
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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.
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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%.
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Globally, on a constant currency basis, e-commerce sales and GMV
increased 7.0% and 7.5%, respectively.
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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.
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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.com
The
call is archived at stock.walmart.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20160519005622/en/
Contacts:
Wal-Mart Stores, Inc.
Investor Relations:
Pauline Mohler,
479-277-0218
or
Media Relations:
Randy Hargrove,
800-331-0085
Source: Wal-Mart Stores, Inc.
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