By Paulo Trevisani
Walmart Inc. said Tuesday currency exchange rates boosted sales in its fiscal second quarter.
Walmart International reported net sales of $23 billion, which was 15.2% lower than a year earlier due to the negative impact from divestitures, but partially offset by a $2.4 billion gain from exchange rates.
The Bentonville, Ark. retailer said total revenue in the quarter ended July 31 was $141 billion, up 2.4% from a year earlier. Excluding currency, total revenue would have increased only 0.6% to $138.6 billion, Walmart said.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
(END) Dow Jones Newswires
August 17, 2021 14:06 ET (18:06 GMT)
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