Walmart posts higher eCommerce sales as international sales drops

Konga

Walmart Inc said its net sales at Walmart International were $28.3 billion, a decrease of 1.0%. Excluding currency3, net sales were $29.3 billion, an increase of 2.5%. Nine of eleven markets posted positive comp sales.

eCommerce growth at Walmart U.S. came out stronger, led by organic growth through Walmart.com.

Net sales and GMV grew 60% and 67%, respectively, as customers continued to respond well to new initiatives and an expanded assortment of more than 67 million SKUs.

Second quarter EPS included a charge of $0.17 for loss on extinguishment of debt in connection with the company’s recently completed debt tender offers. This discrete charge was partially offset by the gain from the sale of the Suburbia business in Mexico, which benefited EPS by $0.05.