Wal-Mart Stores, Inc. reported first quarter consolidated net sales of $113.429 billion, up 1.0% or $1.2 billion from $112.264 billion in the first quarter of 2012.
In Wal-Mart's first quarter, which ended April 30, 2013, it had consolidated operating income of $6.5 billion, up 1.1% from 1Q 2012.
Walmart U.S. operating income was up 5.9%; Sam's Club operating income was up 7.4%.
Walmart U.S. and Sam's Club, excluding fuel, expect to increase comps for the Q2 13-week period to between flat and 2% and 1 and 3%, respectively.
Walmart U.S. comp sales were down 1.4% in the 13-week period from Jan. 26, 2013, to Apr. 26, 2013.
Walmart International net sales were up 2.9%, to $33.0 billion, in 1Q 2013. (On a constant currency basis, Walmart International's net sales would have increased 5.4% to $33.8 billion.)
The company said Walmart International gained market share in a majority of the countries in which it operates.
Comp sales, without fuel, at Sam's Club were up 0.2% during the period.
Wal-Mart CEO Mike Duke said e-commerce sales grew more than 30% in the first quarter versus 1Q 2012.
Back to Breaking News