Walmart earns 4,326 million in its third quarter, 56.2% more

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Walmart employee WALMART 3/11/2020

The American chain of hypermarkets Walmart, the largest company in the world by turnover, recorded an attributed net profit of 5,135 million dollars (4,326 million euros) in its third fiscal quarter, ended in October, which represents an increase of 56, 2% compared to the same period last year, according to the accounts published this Tuesday by the company.

Revenues between August and October grew by 5.2%, to 134,708 million dollars (113,373 million euros). Domestic turnover grew by 6.2%, to 88,353 million dollars (74,359 million euros), while the international division entered 29,554 million dollars (24,873 million euros). On his side, the turnover of Sam’s Club was 15,845 million dollars (13,335 million euros), 8.3% more.

In addition, the firm has explained that Internet sales in the United States grew 79% in the quarter with “solid results” in all channels.

Costs associated with sales increased by 4.6% to $ 100,339 million (€ 84,447 million), while operating, selling, general and administrative expenses stood at $ 28,591 million (€ 24,060 million). euros) in the quarter, 4.4% more than in the same period of the previous year.

Thus, in the first nine months of 2020 as a whole, Walmart’s net profit reached 15,601 million dollars (13,129 million euros), 45.3% more than in the same period of 2019. At the same time, Revenues rose by 6.5% to 407,072 million dollars (342,566 million euros).

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