Walmart today reported fiscal third quarter net earnings of $3.7 billion up a modest 2.8% from the quarter a year ago. Earnings per share were $1.14, up 6.5%.
Consolidated net sales rose 1.6% to $ 114.9 billion and total revenue, including membership and other income, was $115.7 billion, up 1.7% from a year ago.
Walmart U.S. sales at stores open at least a year declined .3% in the quarter from a year ago. Overall U.S. net sales were up 2.4% to $67.7 billion.
Sam's Club comparable sales, excluding fuel sales,were $14.1 billion, up 1.1%. Walmart International net sales were $33.1 billion, up .2%.
The company said it expects earnings per share in the fiscal fourth quarter to be $1.50 to $1.60.
It said it expects Walmart comparable-store sales growth for the holiday quarter ending Jan. 31 to be 'relatively flat' and Sam's Club to 'range between flat and 2%.'
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