By Paulo Trevisani
Walmart Inc. said Tuesday that currency exchange rates had a positive impact on third-quarter results.
The Bentonville, Ark., retailer reported net sales down 20%, to $23.6 billion, in the Walmart International division.
“Changes in currency exchange rates positively affected net sales by approximately $1.3 billion,” Walmart said.
Total revenue was $140.5 billion, up 4.3%, the company said, adding that the growth would have been lower, at 3.3% to $139.2 billion, without the currency impact.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
Walmart Reports Positive FX Impact on 3Q — Currency Comment
By Paulo Trevisani
Walmart Inc. said Tuesday that currency exchange rates had a positive impact on third-quarter results.
The Bentonville, Ark., retailer reported net sales down 20%, to $23.6 billion, in the Walmart International division.
“Changes in currency exchange rates positively affected net sales by approximately $1.3 billion,” Walmart said.
Total revenue was $140.5 billion, up 4.3%, the company said, adding that the growth would have been lower, at 3.3% to $139.2 billion, without the currency impact.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
Read More: Walmart Reports Positive FX Impact on 3Q — Currency Comment