FY21 | Q1 Earnings Results

May 19, 2020

Message from Doug

“More than ever, the news this quarter is our amazing associates. They are rising to the challenge to serve our customers and our communities. I’m proud of how they’re adapting and performing. Our omnichannel strategy, enabling customers to shop in seamless, flexible ways, is built for serving the needs of customers during this crisis and in the future.” — Doug McMillon, President and CEO, Walmart

FY21 | Q1 Earnings Results

Total revenue was $134.6 billion, an increase of $10.7 billion, or 8.6%.

Walmart U.S.: Comp sales* increased 10.0%, led by strength in food, consumables, health & wellness and some general merchandise categories. U.S. eCommerce sales grew 74% with strong results for grocery pickup and delivery services, walmart.com and marketplace.

Sam’s Club: Comp sales* increased 12.0%, led by in-club transactions. eCommerce sales grew 40%. Reduced tobacco sales negatively affected comp sales by approximately 4.1%.

Walmart International: Net sales were $29.8 billion, an increase of 3.4%.

*For additional information regarding non-GAAP financial measures, click here.

Message from Brett Biggs, Chief Financial Officer