FY20 | Q2 Earnings Results
Message from Doug McMillon
"Our hearts continue to be with our associates in El Paso and Southaven, and we are focused on the safety of our associates and customers in all our stores and clubs."
"From a performance point of view, we're pleased with the strength we see in the business. Customers are responding to the improvements we're making, the productivity loop is working, and we're gaining market share. We're on track to exceed our original earnings expectations for the year, and that's possible because of the work our associates do every day." — Doug McMillon, President and CEO, Walmart
Walmart U.S. comp sales* grew 2.8% and increased on a two-year stacked basis by 7.3%, which is the strongest growth in more than 10 years. Segment operating income increased 4%, marking the fifth consecutive quarter of growth.
Walmart U.S. eCommerce sales grew 37%, and includes strong growth in online grocery.
Sam’s Club comp sales* increased 1.2%, excluding fuel, and eCommerce sales grew 35%.
Walmart International net sales were $29.1 billion. Excluding currency*, net sales were $30.4 billion, an increase of 3.3%.
*For additional information regarding non-GAAP financial measures, click here.
For more earnings related materials, visit our corporate website.