Diluted EPS was $1.21. Currency negatively impacted EPS by approximately $0.03.
Adjusted EPS1 of $1.07 excludes a non-cash gain of $0.14, net of tax, from the sale of Yihaodian in China.
Total revenue was $120.9 billion, an increase of 0.5%. On a constant currency basis1, total revenue was $123.6 billion, an increase of 2.8%.
Walmart U.S. delivered positive comp sales for the eighth consecutive quarter, up 1.6%, driven by the seventh consecutive quarter of positive traffic, up 1.2%.
Neighborhood Market comp sales increased approximately 6.5%.
Net sales at Walmart International were $28.6 billion. Excluding currency1 impacts, net sales were $31.3 billion, an increase of 2.2%.
Globally, on a constant currency basis, e-commerce sales and GMV increased 11.8% and 13.0%, respectively, representing an acceleration from the first quarter.
Consolidated operating income increased 1.6%, including a gain of $535 million from the sale of Yihaodian. Excluding this gain, consolidated operating income declined 7.2%. As expected, investments in people and technology, as well as currency exchange rate fluctuations negatively impacted results.
Year to date operating cash flow was $14.9 billion and free cash flow1 was $10.3 billion, both approximately $5.0 billion higher than last year primarily due to improved working capital management, including significant inventory improvement, and timing of payments.
The company now estimates fiscal year 2017 adjusted EPS1 of $4.15 to $4.35, or GAAP EPS of $4.29 to $4.49, both of which include an estimated dilutive impact to EPS of approximately $0.05, primarily in the fourth quarter, as a result of expected operating losses and one-time transaction expenses related to the planned acquisition of Jet.com (JET). The adjusted EPS guidance excludes the non-cash gain of $0.14, net of tax, from the sale of Yihaodian.
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Fuente: Seeking Alpha
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