E-Commerce Sales Jump 26% at Walmart Following Jet.com Purchase
Walmart’s Q3 FY 2017 revenue was up 0.7 percent to $118.2 billion, said the company in a Thursday earnings release. Traffic in U.S. stores grew by 0.7 percent over the year-ago quarter, leading to a 1.2 percent rise in comparable…
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store sales for the quarter ended Oct. 28. U.S. net sales grew 2.5 percent vs. the year-ago quarter to $74.5 billion, it said. Walmart's global e-commerce revenues, following the completion of its Jet.com purchase in September, jumped 20.6 percent over Q3 last year, said the company. The retailer expects a comp store sales increase of 1.0-1.5 percent for the quarter ended Jan. 27. Shares closed down Thursday 2.2 percent to $69.18.