Walmart Stores Inc. reported strong revenue and comparative store sales gains in the third quarter of Fiscal 2018.
Bentonville, Arkansas-based Walmart’s total revenue for the quarter was $123.2 billion, up 4.2 percent from the same period last year. Comp sales in the company’s Walmart U.S. division also were up, climbing 2.7 percent from last year. Comp traffic increased 1.5 percent.
Net eCommerce sales at Walmart were up 50 percent in the quarter, and net sales in the company’s Walmart International rose 4.1 percent.
Because of the strong gains, Walmart raised its 2018 GAAP EPS guidance from $3.84 to $3.92.
“We are pleased with the strong results in the quarter across each of our business segments, and I want to thank our associates for their commitment and great work to make it happen,” says Doug McMillon, Walmart’s president and CEO. “We have momentum, and it’s encouraging to see customers responding to our store and eCommerce initiatives.”