BENTONVILLE, ARK. — Wal-Mart’s on-line grocery service has expanded to more than 900 stores in the United States, producing “strong results” as the Bentonville-based retailer strives to stay ahead of the evolving retail landscape, said C. Douglas McMillon, president and chief executive officer of Wal-Mart Stores.
|Dougl McMillon, president and c.e.o. of Wal-Mart|
“We believe that we’re uniquely positioned to grow and delight customers by providing a seamless shopping experience they desire,” Mr. McMillon said during a pre-recorded earnings call on Aug. 17. “Having stores within 10 miles of approximately 90% of the U.S. population allows us to serve customers in ways that are most convenient for them.”
Net income attributable to Wal-Mart Stores, Inc. in the second quarter ended July 31 was $2,899 million, equal to 96c per share on the common stock, down 23% from $3,773 million, or $1.21, in the year-ago period. Total revenues of $123,355 million were up 2.1% from $120,854 million.
During the quarter, Wal-Mart U.S. comparable sales increased 1.8%, with traffic growth of 1.3%.
|Brett Biggs, executive vice-president and c.f.o. of Wal-Mart|
“Walmart U.S. e-commerce again performed very well on the top line as G.M.V. (gross merchandise value) grew 67% and sales increased 60%, including acquisitions,” said Brett M. Biggs, executive vice-president and chief financial officer. “The majority of this growth was organic through Walmart.com, including on-line grocery, which is growing quickly…“The grocery business continued to improve as food categories delivered the strongest quarterly comp sales performance in five years, led by strong customer traffic and a return of slight market inflation in food, excluding our own price investments.”