Wal-Mart Stores Inc. on Thursday reported that first quarter total revenue rose 1.4% to $117.5 billion, or 2.5% to $118.8 billion absent currency fluctuations, compared with the last-year period. Q1 net sales rose 0.8% to $28.3 billion and diluted earnings rose 2% year-over-year to $1 per share.
Same-store sales in the quarter rose 1.4% as traffic rose 1.5%, while e-commerce sales grew 63% and digital gross merchandise volume rose 69%, according to a company press release. Most of the e-commerce growth was from Walmart.com, the company said.
