Walmart has reported its ninth consecutive quarterly decline of comparable store sales at its US division. Comparable store sales were down 0.9% at Walmart US for the second quarter ended July 29. Looking ahead to the third quarter, Walmart is expecting US comps to be in the range of negative 1% to positive 1%.
Net sales growth for the division edged up 0.4% to $64.9 billion while operating income rose 2.1% to $5 billion during the quarter.
Sam’s Club posted an impressive 5% rise in comparable store sales while Q3 comps are expected to increase between 3-5%. Net sales rose 9.5% to $13.6 billion while operating income increased 15% to $492 million.
International sales rose 16.2% to $30.1 billion while operating income increased 8.9% to $1.4 billion.
No comments:
Post a Comment