Company Website:
http://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/20161117005632/en/
Walmart reports Q3 FY17 earnings
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Diluted EPS was $0.98. Currency negatively impacted EPS by
approximately $0.03.
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Total revenue was $118.2 billion, an increase of 0.7%. On a constant
currency basis, total revenue was $120.3 billion, an increase of 2.5%.
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Walmart U.S. comp sales increased 1.2%, driven by a traffic increase
of 0.7%. Neighborhood Market comp sales increased approximately 5.2%.
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Net sales at Walmart International were $28.4 billion, a decrease of
4.8%. Excluding currency impacts, net sales were $30.5 billion, an
increase of 2.4%.
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Globally, on a constant currency basis, e-commerce sales and GMV
increased 20.6% and 16.8%, respectively, representing continued
acceleration. Excluding Yihaodian, GMV increased 28.6%.
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Consolidated operating income decreased 10.4%. As expected,
investments in people and technology, as well as currency exchange
rate fluctuations negatively impacted results. Excluding last year’s
lease accounting benefit of $156 million, operating income decreased
7.9%.
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Year-to-date operating cash flow was $19.6 billion and free cash flow
was $12.2 billion, both approximately $5 billion higher than last year
led by improved working capital management.
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The company returned just under $3 billion to shareholders during the
quarter through dividends of $1.5 billion and share repurchases of
$1.4 billion.
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 11,593 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 2.4 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/20161117005632/en/
Contacts:
Wal-Mart Stores, Inc.
Investor Relations:
Steve Schmitt,
479-258-7172
or
Media Relations:
Randy Hargrove,
800-331-0085
Source: Wal-Mart Stores, Inc.
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