Wal-Mart Reports Positive Comp Sales and Smaller Format Stores Boost Q3 2014 Financials

BENTONVILLE, AR – Wal-Mart Stores, Inc. has released its financial results for its Q3 of FY 2015. After 6 quarters without growth, this retailer has broken the streak.
For the quarter, which included the negative impact of almost $396 million from currency exchange rate fluctuations, Wal-Mart saw consolidated net sales of $118.1 billion, an increase of 2.8% over last year. Without those fluctuations, the report says that net sales would have increased 3.1% to $118.5 billion.
Doug McMillon, President and CEO"The highlights for the quarter include the positive comp in Wal-Mart U.S., including the strong performance from Neighborhood Markets, the 21 percent increase in e-commerce sales globally and the profit performances from Sam's Club and our International business," said Doug McMillon, Wal-Mart Stores, Inc. President and CEO.
The retailer also saw membership and other income increase 13.9% over last year. Total revenue increased approximately $3.3 billion to $119.0 billion, a 2.9% increase.
"We're investing in key areas of our business, including wages in our U.S. stores and in e-commerce and mobile capabilities. We continue to see opportunities to improve our business," McMillon added. "Being the price leader is an ongoing priority for us and a commitment to customers. As with every year, that is even more important during the holiday season. We have some things in our favor this fourth quarter, including lower fuel prices in the U.S. and other key markets, and we're set to deliver for customers during this time."
Other highlights from this quarter include:
As of 1:25 pm ET, Wal-Mart stock is up $3.28 to $82.46, a 4.14% increase.
Congratulations on your strong Q3 results, Wal-Mart!