Walmart earns 2,990 million in its third quarter, almost double that of 2018

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The US chain of supermarkets and department stores Walmart obtained an attributed net profit of 3,288 million dollars (2,990 million euros) in its third fiscal quarter, ended in October, equivalent to an increase of 92.3% compared to the same period of the previous year, as reported by the company on Thursday.

“We are prepared for a good Christmas season. Our integrated offer with stores and e-commerce offers value and convenience to our customers,” said the president and CEO of the firm, Doug McMillon.

The turnover of the firm between August and October grew 2.5%, to 127,991 million dollars (116,386.1 million euros). Of that figure, the majority came from net sales of products, which increased 2.5%, to 126,981 million dollars (115,467.7 million euros), while membership billing stood at 1,010 million dollars. dollars (918.4 million euros), 1.3% more.

By geographical areas, the revenues of the United States division grew 3.2%, to 83.2 billion dollars (75.656.3 million euros), while international turnover reached 29.2 billion dollars (26.554.3 million of euros). The turnover of Sam’s Club, its wholesale chain, rose 0.7%, to 14.6 billion dollars (13.277.1 million euros).

With respect to expenses, the cost of products sold increased by 3%, to 95.9 billion dollars (87.210.7 million euros), while the item of operating, sales, general and administrative expenses stood at 27.373 million dollars (24,892.8 million euros), 2.2% more.

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