5/17/2018, 1:05 PM (Source:
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Walmart reports EPS at $0.72 in Q1, down 27% YoY

American retail giant Walmart Inc. reported on Thursday its GAAP earnings per share (EPS) for the first quarter of the fiscal year 2018 stood at $0.72, declining 27% compared to the same period last year. However, the company's adjusted EPS rose 14% year on year to stand at $1.14. Walmart's revenue for the first three months of the year amounted to $122.7 billion, improving 4.4% compared to the same quarter in 2017.

Walmart's domestic sales rose 2.1% while the US traffic added 0.8%. In the meantime, the company's net sales at Walmart International amounted to $30.3 billion in the first three months of 2018, rising 11.7% year on year. The firm said that during the first quarter of the year it generated $5.2 billion in operating cash flow.

"We delivered a solid first quarter, and we're encouraged by the continued momentum across the business. We're transforming to better serve customers. We are changing from within to be faster and more digital, while shaping our portfolio of businesses for the future," said Walmart's CEO Doug McMillon.

Following the release of quarterly earnings, Walmart shares gained 0.20% in the premarket trade on Wall Street.

Breaking the News / VK