Home / Knowledge / News / Apparel/Garments / Walmart's Q1 FY17 revenue up 4% to $119.42 billion
Walmart's Q1 FY17 revenue up 4% to $119.42 billion
20
May '16
Retailing giant Walmart reported a rise of 4 per cent in revenue in the first quarter of fiscal 2017, ended April 30, 2016, to $119.42 billion on a constant currency basis as compared to $114.82 billion in the corresponding quarter last fiscal.

Excluding membership and other income, net sales was reported to be $114.98 billion as compared to $114.002 billion in the previous quarter, a rise of 0.9 per cent.

Comp sales increased for the seventh consecutive quarter, up 1 per cent, driven by the sixth consecutive quarter of positive traffic, up 1.5 per cent.

Globally, e-commerce sales increased 7 per cent during the quarter, while gross merchandise volume increased 7.5 per cent.

Commenting on the results, Brett Biggs, executive vice president and CFO of Walmart Stores said, “We are proud of the overall results in the first quarter, and there is momentum in many parts of the business.”

“Based on our views of the global operating environment, and assuming currency exchange rates remain at current levels, we expect second quarter fiscal 2017 earnings per share to range between $0.95 and $1.08,” he added. (MCJ)

Fibre2Fashion News Desk - India


Must ReadView All

Textiles | On 26th Jun 2017

US initiates probe into PSF imported from 5 nations

The department of commerce of the US has initiated investigations for ...

Textiles | On 26th Jun 2017

USTR announces AGOA review for Rwanda, Tanzania & Uganda

The office of the US trade representative (USTR) has announced the...

Textiles | On 26th Jun 2017

Braskem invests in polypropylene production facility in US

The Board of Directors of Braskem, one of the largest producer of...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search