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Total revenue was $123.9 billion, an increase of $1.2 billion, or 1.0%. Excluding currency2, total revenue was $125.8 billion, an increase of $3.1 billion, or 2.5%.
"We're changing to enable more innovation, speed and productivity, and we're seeing it in our results. We're especially pleased with the combination of comparable sales growth from stores and eCommerce in the U.S. Our team is demonstrating an ability to serve customers today while building new capabilities for the future, and I want to thank them for a strong start to the year."
President and CEO, Walmart
Walmart U.S. comp sales of 3.4% marks the best Q1 comp in 9 years and is the fourth consecutive quarter above 3%. Operating income was better than expected, up 5.5%.
Walmart U.S. eCommerce sales growth of 37% reflects strong growth in online grocery, as well as the Home and Fashion categories on Walmart.com.
Sam's Club comp sales1 increased 0.3%, and eCommerce sales grew about 28%. Reduced tobacco sales negatively affected comp sales by 270 basis points.
Net sales at Walmart International were $28.8 billion, a decline of 4.9%. Excluding currency2, net sales were $30.6 billion, an increase of 1.2%.
Operating income declined 4.1%, or 3.0% in constant currency2, which was better than planned as strong results from Walmart U.S. and Sam's Club were offset by the inclusion of Flipkart this year.
Adjusted EPS2 excludes an unrealized gain, net of tax, of $0.20 on the company's equity investment in JD.com.
Revenue (constant currency)2
Operating income (constant currency)2
Free Cash Flow2
Returns to Shareholders
Operating cash flow
Free cash flow2
May 16, 2019
The following information was filed by Walmart Inc. (WMT) on Thursday, May 16, 2019 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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