- Diluted EPS was $0.98. Currency negatively impacted EPS by approximately $0.03.
- Total revenue was $118.2 billion, an increase of 0.7%. On a constant currency basis1, total revenue was $120.3 billion, an increase of 2.5%.
- Walmart U.S. comp sales increased 1.2%, driven by a traffic increase of 0.7%. Neighborhood Market comp sales increased approximately 5.2%.
- Net sales at Walmart International were $28.4 billion, a decrease of 4.8%. Excluding currency1 impacts, net sales were $30.5 billion, an increase of 2.4%.

(Amounts in millions, except as noted)
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Key Results
Q3 FY17 | Q3 FY16 | $ Change | % Change | |
Revenue | $118,179 | $117,408 | $771 | 0.7% |
Revenue (constant currency)1 | $120,321 | $117,408 | $2,913 | 2.5% |
Operating income | $5,119 | $5,714 | -$595 | -10.4% |
Operating income (constant currency)1 | $5,253 | $5,714 | -$461 | -8.1% |
Free Cash Flow | YTD | $ Change | Shareholders Returns | Q3 FY17 | % Change |
Operating cash flow | $19,644 | $4,639 | Dividends | $1,549 | -1.4% |
Capital expenditures | $7,459 | -$764 | Share repurchases2 | $1,402 | 220.8% |
Free cash flow1 | $12,185 | $5,403 | Total | $2,951 | 47.0% |
1 See additional information at the end of this release regarding non-GAAP financial measures.
2 $11.3 billion remaining of $20 billion authorization approved in October 2015. The company repurchased approximately 20 million shares in Q3 FY17.
Guidance
The company's guidance for earnings per share for fiscal year 2017 assumes currency exchange rates remain at current levels. Additionally, this updated guidance assumes that the full year effective tax rate will be between 31% and 32%.
- Fiscal year 2017 GAAP EPS: $4.34 to $4.49 (previously $4.29 to $4.49)
- Fiscal year 2017 adjusted EPS1: $4.20 to $4.35 (previously $4.15 to $4.35)
- Comp sales for the 13-week period ending Jan. 27, 20172:
- Walmart U.S.: +1.0% to +1.5%
- Sam's Club (ex. fuel): +1.0% to +1.5%
Walmart U.S.
Q3 FY17 | Q3 FY16 | $ Change | % Change | |
Net Sales | $74,550 | $72,712 | $1,838 | 2.5% |
Comp Sales3 | 1.2% | 1.5% | -30 bps | N/A |
Traffic | 0.7% | 1.7% | -100 bps | N/A |
Ticket | 0.5% | -0.2% | 70 bps | N/A |
E-commerce | ~50 bps | ~15 bps | ~35 bps | N/A |
Operating income | $3,999 | $4,506 | -$507 | -11.3% |
Walmart International
Q3 FY17 | Q3 FY16 | $ Change | % Change | |
Net sales | $28,390 | $29,811 | -$1,421 | -4.8% |
Net sales (constant currency)1 | $30,527 | $29,811 | $716 | 2.4% |
Operating income | $1,354 | $1,338 | $16 | 1.2% |
Operating income (constant currency)1 | $1,488 | $1,338 | $150 | 11.2% |
Sam's Club
Q3 FY17 | Q3 FY16 | $ Change | % Change | |
Net sales | $14,236 | $14,075 | $161 | 1.1% |
Comp sales (ex. fuel)1,3 | 1.4% | 0.4% | 100 bps | N/A |
Traffic | -0.5% | -0.3% | -20 bps | N/A |
Ticket | 1.9% | 0.7% | 120 bps | N/A |
E-commerce | ~60 bps | ~60 bps | ~0 bps | N/A |
Operating income | $396 | $539 | -$143 | -26.5% |
1 See additional information at the end of this release regarding non-GAAP financial measures.
2 Compared to 13-week period ended Jan. 29, 2016.
3 13-week period ended Oct. 28, 2016, compared to 13-week period ended Oct. 30, 2015.
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and live better - anytime and anywhere - in retail stores, online, and through their mobile devices. Each week, nearly 260 million customers and members visit our 11,593 stores under 63 banners in 28 countries and e-commerce websites in 11 countries. With fiscal year 2016 revenue of $482.1 billion, Walmart employs approximately 2.4 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com on Facebook at http://facebook.com/walmart and on Twitter at http://twitter.com/walmart.
Investor Relations contact
Steve Schmitt (479) 258-7172
Media Relations contact
Randy Hargrove (800) 331-0085
Along with this press release, Walmart makes available a recorded call with executive leaders and a financial presentation to review the business results, provide strategic updates, and comment on expectations for the future. We provide that call in both audio form and in a written transcript. Details on accessing the call are as follows:
- 877-523-5612 (U.S. and Canada)
- 201-689-8483 (other countries)
- Passcode: 9256278 (Walmart)
- MP3 @ stock.walmart.com
The call is archived at stock.walmart.com.