New: Mariner Organic Little Dippers® Club House & Thin Wheat. Made Simple. Made Right.
Lactose-Free Bries
Walmart Sees Success with Q3 2017 Financial Report

Walmart Sees Success with Q3 2017 Financial Report


BENTONVILLE, AR
Thursday, November 16th, 2017

The holidays aren't the only thing Walmart is celebrating this time of year. Third quarter comps for the company grew 2.7 percent, while its U.S. e-commerce sales jumped up 50 percent. It also reports its Q3 FY18 GAAP EPS of $0.58, and its Adjusted EPS of $1.00.

The company is now expecting a full-year GAAP EPS somewhere along the lines of $3.84 to $3.92, and an Adjusted full-year EPS somewhere between $4.38 to $4.46.


Doug McMillon, President & CEO, Walmart“We are pleased with the strong results in the quarter across each of our business segments, and I want to thank our associates for their commitment and great work to make it happen. We have momentum, and it’s encouraging to see customers responding to our store and e-commerce initiatives. We are leveraging our unique assets to save customers time and money and serve them in ways that are easy, fast, friendly, and fun,” said Doug McMillon, President and CEO, in a detailed press release.

Walmart storefront

According to the company's release, growth is reflected the following percentage gains:

  • The company’s third-quarter GAAP EPS was adjusted for three items. A charge of $0.29 for loss on extinguishment of debt in connection with the company’s recently completed debt tender offer, a charge of $0.09 based on discussions with government agencies regarding the possible resolution of the FCPA matter, and a charge of $0.04 based on the decision to exit certain properties in one of the company’s international markets.
  • Total revenue was $123.2 billion, an increase of $5 billion, or 4.2 percent. Excluding currency, total revenue was $122.7 billion, an increase of $4.5 billion, or 3.8 percent
  • Walmart U.S. comp sales increased 2.7 percent, and comp traffic increased 1.5 percent
  • e-commerce growth at Walmart U.S. remained strong, led by growth through Walmart.com. Net sales and GMV increased 50 percent and 54 percent respectively
  • Net sales at Walmart International were $29.5 billion, an increase of 4.1 percent. Excluding currency, net sales were $29.1 billion, an increase of 2.5 percent. Ten of eleven markets posted positive comp sales, including the company’s four largest markets

With a reported 260 million customers visiting the company’s 11,600 stores located throughout the world and e-commerce sites set up in 11 countries every week, the company's 2017 fiscal year revenue showcases an impressive $485.9 billion.

With a strong step into 2018, Deli Market News will report further strategies employed by retailers as we move towards the new year and beyond.

Walmart
Topics:



New: Mariner Organic Little Dippers® Club House & Thin Wheat. Made Simple. Made Right. Lactose-Free Bries

Have a new product, press release or story idea?

Let us know

In This Story


We’re proud to serve customers in more than 25 countries worldwide and are committed to helping people save money so they can live a better life.

Marin French Cheese Introduces Petite Mustard Brie

The cheesemaker's latest line extension embraces a piquant flavor trend.
View Press Release

Specialty Food Association Winter Fancy Food Show Features Innovation and Disruption

The fastest-growing segment of the food industry, specialty food, is gathering in San Francisco, California, for another great show.
View Press Release

Ithaca Cold-Crafted Closes $2.7 Million In New Growth Capital From LiDestri Food and Drink

The brand is currently available at more than 3,000 retail doors across the U.S., including Wegmans, Publix, Stop & Shop, Shoprite, and The Fresh Market.
View Press Release

Califia Farms Further Diversifies Plant-Based Offerings With Launch Of New Oatmilk Line

The plant-based beverage company deepens its commitment to craft and plant-based nutrition.
View Press Release

Dewey's Bakery Expands Product Portfolio

The company introduces its new Tiki Bar collection, which brings the excitement of the seasons to the cookie aisle.
View Press Release

Brand Spankin’ New: Cypress Grove Launches Fresh Goat Cheese Cups and “Cheeseboards for Dinner” Campaign

The Humboldt County-based cheese producer making award-winning and world-renowned cheeses since 1983, will be showcasing a new addition to its fresh goat cheese line at this year’s Winter Fancy Food Show.
View Press Release