Walmart U.S. delivered 1.5% comps, and improved customer experience scores
Q2 diluted EPS from continuing operations was
$1.08. Currency exchange rates negatively impacted EPS by approximately $0.04.
- Comp sales at Walmart U.S. increased 1.5%, driven by traffic of 1.3%. Neighborhood Market comps increased approximately 7.3%, with strong growth from new stores. Customer experience scores improved over last year.
Total revenue was
$120.2 billion. On a constant currency basis, total revenue was $124.5 billion.
- E-commerce sales globally increased approximately 16% on a constant currency basis. Gross merchandise value, or GMV, increased approximately 18% on a constant currency basis.
- Q2 earnings were pressured by currency fluctuations, lower Walmart U.S. margins and investments in customer experience. Consolidated operating income declined 10%.
Walmart updated full year EPS guidance to a range of
$4.40 to $4.70, from a previous range of $4.70 to $5.05. This range includes Q3 EPS guidance of $0.93 to $1.05.
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150818005698/en/
Along with this press release, Walmart makes available a recorded call with executive leaders to review the business results, to provide strategic updates and to 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
201-689-8483 (other countries)
Passcode: 9256278 (Walmart)
MP3 @ stock.walmart.com
Wal-Mart Stores, Inc.
Investor Relations contact:
Carol Schumacher, 479-277-1498
Pauline Mohler, 479-277-0218
Media Relations contact:
Randy Hargrove, 800-331-0085