Walmart Posts Sales Growth In 4Q And FY 2017

Walmart reported total revenue grew 1.0 percent to $130.9 billion in the fourth quarter of FY 2017, compared with the same period in the previous year. Excluding currency impact, total revenue grew 3.0 percent to $133.6 billion during the period, the company said. Same-store sales for Walmart U.S. increased 1.8 percent, pushed up by 1.4 percent increase in traffic, while Neighborhood Market comp sales rose about 5.3 percent. Also, Walmart U.S. posted strong growth, with sales and GMV rising 29.0 percent and 36.1 percent, respectively. Walmart International reported net sales dropped 5.1 percent to $31.0 billion; however, without currency impact, net sales grew 3.0 percent to $33.7 billion. For fiscal year 2017, total revenue rose 0.8 percent to $485.9 billion; without currency impact, however, total revenue grew 3.1 percent to $496.9 billion. [ Image credit: © Wikimedia Commons ]