RSS   Newsletter   Contact   Advertise with us

Walmart Q1 income $5.2 billion

Christian Fernsby ▼ | May 20, 2020
Walmart (WMT) reported first quarter adjusted earnings per share of $1.18, up 4.4% from prior year.
Walmart
Walmart   First quarter consolidated operating income was $5.2 billion
First quarter consolidated operating income was $5.2 billion, an increase of 5.6% and included lower losses in Walmart U.S. eCommerce. Excluding currency, operating income would have increased 6.6%. The company incurred incremental costs related to coronavirus of nearly $900 million, which negatively affected operating income.

Topics: Walmart

First quarter total revenue was $134.6 billion, an increase of 8.6%. Excluding currency, total revenue would have increased 9.7% to $135.9 billion. Analysts expected revenue of $130.31 billion for the quarter.

Walmart U.S. comp sales increased 10.0%, while Walmart U.S. eCommerce sales grew 74%. Sam's Club comp sales increased 12.0%, led by in-club transactions, and eCommerce sales grew 40%.


 

MORE INSIDE POST