Company reports Q1 FY18 diluted EPS of $1.00

  • Diluted EPS was $1.00, an increase of 2% over last year.
  • Total revenue was $117.5 billion, an increase of 1.4%. Excluding currency2, total revenue was $118.8 billion, an increase of 2.5%.
  • Walmart U.S. comp sales1 increased 1.4%, driven by a traffic increase of 1.5%. Comp traffic increased 3.0% on a two-year stacked basis.
  • E-commerce growth at Walmart U.S. was strong as sales and GMV increased 63% and 69%, respectively. The majority of this growth was organic through Walmart.com.

  • Net sales at Walmart International were $27.1 billion, a decrease of 3.5%. Excluding currency2, net sales were $28.3 billion, an increase of 0.8%.
  • The company generated $5.4 billion in operating cash flow and returned $3.7 billion to shareholders through dividends and share repurchases.
  • View full press release

    Key results

    (Amounts in millions, except as noted)

     

    Q1 FY18

    Q1 FY17

    $ Change

    % Change

     
    Revenue

    $117,542

    $115,904

    $1,638

    1.4%

    Revenue (constant currency)2

    $118,750

    $115,904

    $2,846

    2.5%

    Operating income

    $5,237

    $5,275

    -$38

    -0.7%

    Operating income (constant currency)2

    $5,343

    $5,275

    $68

    1.3%

    Free Cash Flow

    Q1 FY18

    $ Change

    Returns to Shareholders

    Q1 FY18

    % Change

    Operating cash flow

    $5,385

    -$808

    Dividends

    $1,549

    -1.5%

    Capital expenditures

    $1,990

    -$219

    Share repurchases3

    $2,185

    -20.1%

    Free cash flow2

    $3,395

    -$589

    Total

    $3,734

    -13.3%

    Guidance

    Second quarter fiscal year 2018 EPS: $1.00 to $1.08, which excludes an estimated net benefit of approximately $0.05 from the sale of Suburbia, the company's apparel format in Mexico.

    Comp sales for the 13-week period ending July 28, 2017:

    • Walmart U.S. (ex. fuel)2: +1.5% to +2.0%
    • Sam's Club (ex. fuel)2: +1.0% to +1.5%

    1 Represents Walmart U.S. comparable sales excluding fuel. Including fuel, Walmart U.S. comparable sales are 1.5%. See additional information at the end of this release regarding non-GAAP financial measures.
    2 See additional information at the end of this release regarding non-GAAP financial measures.
    3 $7.0 billion remaining of $20 billion authorization approved in October 2015. The company repurchased approximately 31 million shares in Q1 fiscal 2018.

    Segment results

    Walmart U.S.

     

     Q1 FY18

     Q1 FY17

     $ Change

    & Change

    Net sales

    $75,436

    $73,295

    $2,141

    2.9%

    Comp sales (ex. fuel)1,2

    1.4%

    1.0%

    40 bps

    N/A

    Traffic

    1.5%

    1.5%

    0 bps

    N/A

    Ticket

    -0.1%

    -0.5%

    40 bps

    N/A

    E-commerce

    ~80 bps

    ~20 bps

    ~60 bps

    N/A

    Operating income

    $4,269

    $4,232

    $37

    0.9%

    Walmart International

    Q1 FY18

    Q1 FY17

    $ Change

    % Change

    Net sales

    $27,097

    $28,083

    -$986

    -3.5%

    Net sales (constant currency)1

    $28,296

    $28,083

    $213

    0.8%

    Operating income

    $1,163

    $1,164

    -$1

    -0.1%

    Operating income (constant currency)1

    $1,269

    $1,164

    $105

    9.0%

    Sam's Club

    Q1 FY18

    Q1 FY17

    $ Change

    % Change

    Net sales

    $13,993

    $13,608

    $385

    2.8%

    Comp sales (ex. fuel)1,2

    1.6%

    0.1%

    150 bps

    N/A

    Traffic

    1.1%

    -0.2%

    130 bps

    N/A

    Ticket

    0.5%

    0.3%

    20 bps

    N/A

    E-commerce

    ~80 bps

    ~60 bps

    ~20 bps

    N/A

    Operating income

    $414

    $413

    $1

    0.2%

    1 See additional information at the end of this release regarding non-GAAP financial measures.
    2 13-week period ended April 28, 2017, compared to 13-week period ended April 29, 2016, and excludes fuel.

    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, over 260 million customers and members visit our 11,723 stores under 59 banners in 28 countries and e-commerce websites in 11 countries. With fiscal year 2017 revenue of $485.9 billion, Walmart employs approximately 2.3 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 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