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Total revenue was $122.7 billion, an increase of $5.1 billion, or 4.4%. Excluding currency2, total revenue was $120.7 billion, an increase of $3.2 billion, or 2.7%.
"We delivered a solid first quarter, and we're encouraged by the continued momentum across the business. We're transforming to better serve customers. We are changing from within to be faster and more digital, while shaping our portfolio of businesses for the future. Our strong cash flow and balance sheet provide flexibility to do so. I want to thank our associates and our leadership team for the choices they're making, their strong sense of urgency and the actions they're taking. Our people make the difference, and I'm proud to work with them."
President and CEO, Walmart
GAAP EPS declined 28% and Adjusted EPS2 increased 14%.
Walmart U.S. comp sales1,2 increased 2.1%, and comp traffic increased 0.8%.
Sam's Club comp sales1,2 increased 3.8% led by comp traffic growth of 5.6%. Tobacco sales negatively impacted comp sales by approximately 140 basis points.
Net sales at Walmart International were $30.3 billion, an increase of 11.7%. Excluding currency2, net sales were $28.3 billion, an increase of 4.5%. Eight of eleven markets posted positive comp sales, including our four largest markets.
The company generated $5.2 billion in operating cash flow.
Adjusted EPS2 excludes the impact of two items. The first item is an unrealized loss of $0.47 on the company's equity investment in JD.com due to a change in accounting principles. The second item benefited EPS by $0.05 due to an adjustment in the provisional amount recorded in Q4 fiscal 2018 related to Tax Reform.
Revenue (constant currency)2
Operating income (constant currency)2
Free Cash Flow
Returns to Shareholders
Operating cash flow
Free cash flow2
May 17, 2018
The following information was filed by Walmart Inc. (WMT) on Thursday, May 17, 2018 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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