Walmart is gaining momentum heading into the holiday season, growing both store and digital sales. E-commerce channel sales increased 50% from the previous third quarter.
At Walmart U.S., third quarter comparable sales, excluding the effect of fuel price volatility, increased 2.7%, with traffic up 1.5% and average ticket up 1.2%. Sales in the e-commerce channel increased 50% from the period a year ago.
Sam’s Club comps, again without the effect of fuel price volatility, increased 2.8%, with traffic up 3.6% and average ticket down 0.8%. In both the Walmart U.S. and Sam’s Club divisions, e-commerce represented about 80 basis points of the comp.
Revenues increased 4.2% to $123.18 billion and net sales increased 4.2% to $122.14 billion versus the quarter a year before. Operating income was $4.76 billion versus $5.12 billion in the previous fiscal year.
For the third…