WalMart Inc. (NYSE:WMT) on Tuesday reported earnings and revenue for this past holiday quarter that topped analysts' expectations, as its e-commerce sales surged 43%.
The company also said it's maintaining its sales outlook for the current year.
CEO Doug McMillon said "a favorable economic environment" has been helping WalMart grow sales and gain market share.
Total revenue was $138.8 billion, an increase of $2.5 billion, or 1.9%.
Excluding currency, total revenue was $140.5 billion, an increase of $4.2 billion, or 3.1%.
WalMart also said its U.S. comp sales on a two-year stack of 6.8% is the strongest growth in nine years. Moreover, Sam’s Club comp sales increased 3.3%, and eCommerce sales grew 21%.
Net sales at WalMart International were $32.3 billion, a decline of 2.3%.
Excluding currency, net sales were $34.0 billion, an increase of 2.7%.
For the full year, total revenue was $514.4 billion, an increase of $14.1 billion, or 2.8%. Excluding currency, total revenue was $515.1 billion, an increase of $14.8 billion, or 3.0%.
WalMart U.S. comp sales increased 3.6%. Grocery pickup and delivery are available in more than 2,100 and nearly 800 locations, respectively.
WalMart U.S. eCommerce sales increased 40%. Net Promoter Score and the company’s Customer Value Index continue to improve.
The company generated $27.8 billion in operating cash flow and returned $13.5 billion to shareholders through dividends and share repurchases.
WalMart employs over 2.2 million associates worldwide, and boasts that it "continues to be a leader in sustainability, corporate philanthropy and employment opportunity."
Shares galloped $3.17, or 3.2%, to $103.16
