Walmart’s Q2 net sales up by 4.5 percent

Wal-Mart Stores reported financial results for the quarter

ended July 31, 2012. Net sales for the second quarter of fiscal 2013 were 113.5 billion dollars (Rs 6,30,003 crores), an increase of 4.5 percent from 108.6 billion dollars (Rs 6,02,830 crores) in the second quarter last year. Net sales for this quarter included a negative currency exchange rate impact of approximately 2.2 billion dollars (Rs 12,212 crores). Without the currency impact, net sales would have been 115.7 billion dollars (Rs 6,42,242 crores). Membership and other income increased 4.7 percent to 762 million dollars (Rs 4,229 crores). Total revenue was 114.3 billion dollars (Rs 6, 34,471 crores), an increase of 4.5 percent from last year.

Income from continuing operations attributable to Walmart for the quarter was 4 billion dollars (Rs 2,220 crores), up 5.7 percent from the second quarter last year. Diluted earnings per share from continuing operations attributable to Walmart (EPS) for the second quarter of fiscal 2013 were 1.18 dollars (Rs 65.5). By comparison, last year’s reported EPS were 1.09 dollars (Rs 60.5). The company had several items last year that negatively impacted the second quarter by approximately 0.03 dollars (Rs 1.6) per share.

Walmart International reported net sales of 32 billion dollars (Rs 1,77,629 crores) for the quarter. Net sales for Sam’s Club, excluding fuel, were 12.5 billion dollars (Rs 69,386 crores), an increase of 4.6 percent from last year’s second quarter results. Sam’s membership and other income for the second quarter increased 4.6 percent over last year.

Walmart U.S. operating income grew 5.3 percent for the quarter, outpacing net sales growth of 3.8 percent for the same period. Walmart International’s reported operating income increased 5.4 percent to 1.5 billion dollars (Rs 8, 326 crores) for the quarter. Currency exchange rate fluctuations negatively impacted operating income by approximately 110 million dollars (Rs 610 crores).

Sam’s Club operating income for the second quarter increased 10.1 percent. Excluding fuel, operating income for the second quarter increased 10.8 percent compared to the same period last year. The company reported U.S. comparable store sales based on its 13-week and 26-week retail calendar periods ended July 27, 2012 and July 29, 2011, as follows. During the 13-week period, both comp ticket and traffic rose for Walmart U.S., and both grocery and general merchandise had positive comp sales.

Wal-Mart Stores is an American multinational retailer corporation that runs chains of large discount department stores and warehouse stores. It has its presence in about 10,351 retail units under 69 different banners in 27 countries.