Bentonville, Arkansas-based Walmart has released its third quarter sales results for the 13-week period ended Oct. 25, 2019, compared to 13-week period ended Oct. 26, 2018, and excluding fuel. Total revenue was $128 billion, an increase of $3.1 billion, or 2.5 percent. Walmart U.S. comp sales grew 3.2 percent; they increased on a two-year stacked basis by 6.6 percent. Market share gains in the business were led by food and consumables, including fresh. Walmart U.S. e-commerce sales growth of 41 percent includes strong growth in online grocery. The company’s operating income increased 6.1 percent.
Sam’s Club comp sales increased 0.6 percent, while its e-commerce sales grew 32 percent for the 13-week period ended Oct. 25, 2019, compared to 13-week period ended Oct. 26, 2018, and excluding fuel. Reduced tobacco sales negatively affected comp sales by 350 basis points.
During the third quarter, Walmart brought Delivery Unlimited, a grocery delivery membership option, to 1,400 stores in the U.S. The retailer also launched InHome Delivery in three U.S. cities covering more than 1 million customers. Walmart U.S. ended the quarter with more than 3,000 grocery pickup locations and more than 1,400 same-day grocery delivery locations. Also, the first-ever Walmart Health center opened in Dallas, Georgia.
“We’re pleased with our performance for the quarter. Our associates are responding to change in an inspiring way, and we’re proud of them. The Walmart U.S. business saw strong comp sales and expense leverage, and operating income grew for the sixth consecutive quarter. We also celebrated the first anniversary of Flipkart and PhonePe as part of the Walmart family. It was great to see record sales in India during The Big Billion Days event. Looking ahead, we’re prepared for a good holiday season. Our integrated offering with stores and e-commerce delivers value and convenience for our customers. Our associates are working hard to ensure we succeed—one customer, one interaction at a time,” said Doug McMillon, president and CEO of Walmart.