Walmart Reports 1.6% Increase in Net Sales for the Third Quarter

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Walmart reported its net sales for the third quarter of $114.9 billion, an increase of 1.6% from last year, according to its financial report released on Nov. 14.

In the 13-week period, Walmart U.S. comparable traffic decreased 0.4% while the average ticket increased 0.1%.

Ecommerce sales positively impacted Walmart’s comparable store sales by approximately 0.2% for the 13-week period, according to the report.

According to the report, the company’s ecommerce sales impact includes sales initiated through the company’s websites and fulfilled through the company’s dedicated ecommerce distribution facilities; as well as an estimate for sales initiated online, but fulfilled through the company’s stores and clubs.

Consolidated operating income was $6.3 billion, an increase of 3.6%.  Walmart U.S. grew operating income by 5.8%.  Sam’s Club grew operating income,  without fuel by 9.4%.

Sam’s Club comparable sales without fuel were up 1.1% during the 13-week period.

“At Sam’s Club, the holiday season is well under way, and we’re investing in price for the fourth quarter,” said Rosalind Brewer, Sam’s Club president and CEO.  “Our members will be rewarded with two Instant Savings Books and an exclusive VIP event and we’ve collaborated with ecommerce to provide the best online program we’ve ever had.”

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