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