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What Affected Walmart’s Sam’s Club in the First Quarter?

Adrian Stevens
What Affected Walmart’s Sam’s Club in the First Quarter?

Sales at Walmart’s (WMT) Sam’s Club fell 4.1% (ex-fuel) to $12.4 billion. The closure of 63 Sam’s Clubs and the decision to remove tobacco from certain clubs negatively impacted the top line for Sam’s Club. However, comps remained strong and grew 3.8%, reflecting strong traffic in the fresh category. The club pickup and the direct-to-home business continued to drive sales and premium membership rates. E-commerce sales improved 25.0% during the first quarter.