Walmart Says Consolidated Net Sales Up In FY 2017

Walmart said consolidated net sales rose 0.6 percent ($2.7 billion) in fiscal 2017, but declined 0.7 percent in fiscal year 2016. According to the retailer, positive comparable sales, e-commerce sales, and a 1.3 percent year-on-year growth in retail space, boosted net sales in fisca; 2017. However, currency fluctuations and a $0.4 billion drop in fuel sales, due to lower prices at Sam’s Club, partially offset the positive effect. Comparable store and club sales in the U.S. rose 1.4 percent and 0.3 percent in fiscal 2017 and 2016, respectively, compared with the previous year.