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Total revenue was $128.0 billion, an increase of $3.1 billion, or 2.5%. Excluding currency2, total revenue was $129.0 billion, an increase of $4.1 billion, or 3.3%.
"We're pleased with our performance for the quarter. Our associates are responding to change in an inspiring way, and we're proud of them. The Walmart U.S. business saw strong comp sales and expense leverage, and operating income grew for the sixth consecutive quarter. We also celebrated the first anniversary of Flipkart and PhonePe as part of the Walmart family. It was great to see record sales in India during The Big Billion Days event. Looking ahead, we're prepared for a good holiday season. Our integrated offering with stores and eCommerce delivers value and convenience for our customers. Our associates are working hard to ensure we succeed -- one customer, one interaction at a time."
President and CEO, Walmart
Walmart U.S. comp sales increased on a two-year stacked basis by 6.6%. Market share gains in the business were led by food and consumables, including fresh.
Walmart U.S. eCommerce sales growth of 41% includes strong growth in online grocery.
Walmart U.S. operating income increased 6.1%.
Sam's Club comp sales1 increased 0.6%, and eCommerce sales grew 32%. Reduced tobacco sales negatively affected comp sales by 350 basis points.
Net sales at Walmart International were $29.2 billion, an increase of 1.3%. Excluding currency2, net sales were $30.2 billion, an increase of 4.8%. The inclusion of Flipkart and strength in Walmex and China were partially offset by softness in the U.K.
Operating income declined 5.4%, or 4.1% in constant currency2 due in part to a non-cash impairment charge for Walmart International. Excluding the impairment charge, operating income would have increased slightly. As expected, the inclusion of Flipkart negatively affected operating income.
Third-quarter adjusted EPS2 excludes a non-cash impairment charge of $0.06, net of tax, and an unrealized gain of $0.05, net of tax, on the company's equity investment in JD.com.
FY20 adjusted EPS2 is now expected to increase slightly compared to FY19 adjusted EPS2.
Announced Delivery Unlimited, a grocery delivery membership option, to 1,400 stores in the U.S.
Launched InHome Delivery in three U.S. cities covering more than one million customers.
Revenue (constant currency)2
Operating income (constant currency)2, 4
November 14, 2019
The following information was filed by Walmart Inc. (WMT) on Thursday, November 14, 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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