For the second quarter of fiscal 2018 US chain stores Walmart’s total revenue rose 2.1 per cent. Comparative sales also increased 1.8 per cent with a traffic growth of 1.3 per cent, marking the 12th consecutive quarter with positive comparable sales.

Nine of 11 markets posted positive comparable sales. For the reported period, there was a decline of one per cent in net sales at Walmart International. Excluding currency, net sales increased 2.5 per cent.

E-commerce growth at Walmart US remained strong in the second quarter of 2018, with 67 per cent rise in online gross merchandise value for the period. The organic growth was led through Walmart.com. Net sales stood at 60 per cent, as customers continued to respond well to new initiatives and an expanded assortment of more than 67 million stock keeping units.

Customers responded to the improvements in stores and online. Traffic increases at the store level and the e-commerce growth rate were the key highlights. The company is moving faster and becoming more creative as it strives to make every day easier for busy families.

For the period, the American retailer recorded GAAP EPS of $0.96 and adjusted EPS of $1.08. Second quarter EPS included a charge of $0.17 for loss on extinguishment of debt in connection with the company's recently completed debt tender offers.