FY20 | Q1 Earnings Results
"We're changing to enable more innovation, speed and productivity, and we're seeing it in our results. We're especially pleased with the combination of comparable sales growth from stores and eCommerce in the U.S. Our team is demonstrating an ability to serve customers today while building new capabilities for the future, and I want to thank our associates for a strong start to the year." — Doug McMillon, President and CEO, Walmart
Walmart U.S. comp sales* of 3.4%, excluding fuel, marks the best Q1 comp in 9 years and is the fourth consecutive quarter above 3%. Operating income was better than expected, up 5.5%.
Walmart U.S. eCommerce sales grew 37%.
Sam’s Club comp sales* increased 0.3%, excluding fuel, and eCommerce sales grew about 28%.
Walmart International net sales were $28.8 billion. Comp sales* were positive in 3 of 4 major markets.
*For additional information regarding non-GAAP financial measures, click here.
For more earnings related materials, visit our corporate website.