Overseas activities keep Walmart's growth alive

Mixed feelings for Walmart: the world's largest supermarket chain saw its worldwide profit and turnover rise, but its American sales went down – for the ninth quarter in a row.

International sales went up 16.2% to 30.1 billion dollar, but in home market USA like-for-like sales went down 0.9%. Walmart's total turnover went up 5.5% to 108.6 billion dollar (75.6 billion euro).

US economy poses problems

The US are still accounting for 62% of worldwide turnover, but the economy in the States poses a serious problem: unemployment figures are high and consumer confidence is low, meaning that consumers watch their expenses. A recent survey showed that Americans no longer see Walmart as the cheapest supermarket in the US – a perception change that is very unwelcome for the market leader in these times of crisis.

Walmart did realise a profit growth of 2.1% in the US through cost cuts and improved efficiency, but its international profit growth was a lot higher – peaking at +5.7% or 3.8 billion dollar. Profit per share was 1.09 dollar – 12 cents higher than the year before and 1 cent higher than what analysts had expected. For the whole financial year, Walmart raised its profit forecasts to 4.51 euro per share, significantly more than the 4.18 of last year.



Mixed feelings for Walmart: the world's largest supermarket chain saw its worldwide profit and turnover rise, but its American sales went down – for the ninth quarter in a row.

International sales went up 16.2% to 30.1 billion dollar, but in home market USA like-for-like sales went down 0.9%. Walmart's total turnover went up 5.5% to 108.6 billion dollar (75.6 billion euro).

US economy poses problems

The US are still accounting for 62% of worldwide turnover, but the economy in the States poses a serious problem: unemployment figures are high and consumer confidence is low, meaning that consumers watch their expenses. A recent survey showed that Americans no longer see Walmart as the cheapest supermarket in the US – a perception change that is very unwelcome for the market leader in these times of crisis.

Walmart did realise a profit growth of 2.1% in the US through cost cuts and improved efficiency, but its international profit growth was a lot higher – peaking at +5.7% or 3.8 billion dollar. Profit per share was 1.09 dollar – 12 cents higher than the year before and 1 cent higher than what analysts had expected. For the whole financial year, Walmart raised its profit forecasts to 4.51 euro per share, significantly more than the 4.18 of last year.



Questions or comments? Please feel free to contact the editors


C&A sells 13 French stores

22/11/2017

Fashion chain C&A will sell thirteen of its 160 French stores. The locations and the staff will all transfer to French fashion chain Chaussea and Stokomani.

Europe and Asia give Guess strong quarter

22/11/2017

American fashion brand Guess’ third quarter turnover grew more than 3 %, mainly thanks to excellent sales in Asia and Europe. It did post a net profit loss however.

Urban Outfitters gets back on track in third quarter

21/11/2017

Following several quarters of negative results, Urban Outfitters’ third quarter was one of growth. Total turnover grew 3.5 % and there was a 1 % like-for-like growth.

Danish fashion platform Miinto is now also available in Belgium

21/11/2017

Danish fashion platform Miinto has launched in Belgium this week. Smaller fashion retailers can sell their products on the platform, combining their strength to withstand larger web shops.

Lubach: “Fair clothing is a matter of priorities”

15/11/2017

Ever since the Rana Plaza disaster, the clothing industry has clamoured for transparency in the clothing manufacturing branch, but Zondag met Lubach’s Arjen Lubach proved on Sunday that there is no actual transparency yet.

Fashion chain Canada Goose opens first European store

14/11/2017

Canadian fashion chain Canada Goose opened its first European store in London. The brand’s clothing has been in Europe for quite some time, but only at multi-brand stores up until now.

Back to top