E-commerce sales rise 33 percent at Walmart
Spurred by a 33 percent increase in e-commerce sales, Bentonville, Ark.-based Walmart announced that total revenue for the first quarter increased $3.2 billion or 2.7 percent to $120.7 billion, excluding currency.
Walmart said U.S. comp sales increased 2.1 percent and comp traffic increased 0.8 percent.
Sam's Club comp sales increased 3.8 percent led by comp traffic growth of 5.6 percent.
“We delivered a solid first quarter, and we're encouraged by the continued momentum across the business,” Walmart President and CEO Doug McMillon said in a statement. “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.”