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Walmart U.S. Q2 comps1 grew 1.8% and Walmart U.S. eCommerce GMV2 grew 67%,
Company reports Q2 FY18 GAAP EPS of $0.96; Adjusted EPS3 of $1.08

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Total revenue was $123.4 billion, an increase of $2.5 billion, or 2.1%. Excluding currency3, total revenue was $124.4 billion, an increase of $3.5 billion, or 2.9%.
 
"Thanks to the team for delivering another solid quarter. Our customers are responding to the improvements in stores and online, and our results reflect this. Traffic increases at store level and the eCommerce growth rate are key highlights. We are moving faster and becoming more creative as we strive to make every day easier for busy families."

Doug McMillon
President and CEO, Walmart
 
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Walmart U.S. comp sales1 increased 1.8% with traffic growth of 1.3%, marking the twelfth consecutive quarter with positive comp sales.
 
 
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E-commerce growth at Walmart U.S. remained strong, led by organic growth through Walmart.com. Net sales and GMV grew 60% and 67%, respectively, as customers continued to respond well to new initiatives and an expanded assortment of more than 67 million SKUs.
 
 
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Net sales at Walmart International were $28.3 billion, a decrease of 1.0%. Excluding currency3, net sales were $29.3 billion, an increase of 2.5%. Nine of eleven markets posted positive comp sales.
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Second quarter EPS included a charge of $0.17 for loss on extinguishment of debt in connection with the company's recently completed debt tender offers. This discrete charge was partially offset by the gain from the sale of the Suburbia business in Mexico, which benefited EPS by $0.05.

Key results
 
(Amounts in millions, except as noted)
 
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Q2 FY18
Q2 FY17
Change
 
 
Revenue
$123,355
$120,854
$2,501
2.1%
 
Revenue (constant currency)3
$124,395
$120,854
$3,541
2.9%
 
Operating income
$5,969
$6,165
-$196
-3.2%
 
Operating income (constant currency)3
$6,069
$6,165
-$96
-1.6%
Free Cash Flow
YTD FY18
$ Change
 
Returns to Shareholders
Q2 FY18
% Change
Operating cash flow
$11,360
-$3,571
 
Dividends
$1,539
-1.3%
Capital expenditures
$4,423
-$196
 
Share repurchases4
$2,262
6.8%
Free cash flow3
$6,937
-$3,375
 
Total
$3,801
3.4%








1 Represents Walmart U.S. comparable sales excluding fuel. Including fuel, Walmart U.S. comparable sales grew 1.9%. See additional information at the end of this release regarding non-GAAP financial measures.
2 GMV represents the total U.S. dollar volume of merchandise sold or services rendered for all transactions, including marketplace transactions, that are generally initiated through our eCommerce platforms or include our owned inventory sold on other third party platforms. For additional information, visit stock.walmart.com.
3 See additional information at the end of this release regarding non-GAAP financial measures.
4 $4.8 billion remaining of $20 billion authorization approved in October 2015. The company repurchased approximately 30 million shares in Q2 fiscal 2018.
NYSE: WMT
August 17, 2017
stock.walmart.com




The following information was filed by Walmart Inc. (WMT) on Thursday, August 17, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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