Walmart Canada’s comp sales up in 2019

BENTONVILLE, Ark. — Walmart reported year-end results this week, with total revenue reaching $524 billion, an increase of $9.6 billion or 1.9 percent. In Canada, net sales declined 0.5 percent while comp sales increased 0.6 percent. The sale of the Walmart Canada Bank on April 1 caused a headwind to sales for the relevant quarter. In the U.S., comp sales were up 2.8 percent. The retailer’s U.S. e-commerce sales grew 37 percent. International net sales increased 2.8 percent in constant currency, with strength reported in Mexico, China and India markets.