• Linkdin
Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
         Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

Walmart's Q1 FY17 revenue up 4% to $119.42 billion

20 May '16
1 min read

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

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search