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Second-quarter same-store sales are expected to rise 1.5% to 2.0% at USA stores and 1.0% to 1.5% at Sam's Club stores, excluding fuel sales.

But revenue fell 1.1%, to $16.02 billion, and same-store sales were down 1.3%. That's a contrast with many rivals that saw both those figures drop. Inc. increased its position in Wal-Mart Stores by 0.6% in the first quarter.

Online sales at Walmart.com surged 63 percent, a dramatic increase from the 29 percent growth in the previous quarter. The majority of the online sales growth was organic through Walmart.com.

A strong first quarter was an encouraging start to 2017 said CEO of Walmart Doug McMillon.

Big-box discount retailers are remaining buoyant in a stormy retail industry that has triggered a slew of bankruptcies and store closures in recent months.

Wal-Mart Stores (NYSE:WMT) opened at 77.54 on Friday. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.3. It has retooled how it operates online and accelerated that shift by buying already successful online operators. It has also accelerated that shift with its acquisitions. The stock spiked 5.39% last month and is up 13.76 this year. Walmart has credited its efforts to integrate its store and digital businesses so that they feed off each other. The 10-year Treasury yield rose to 2.24 percent from 2.23 percent late Thursday.

Wal-Mart completed its purchase of Jet for $3.3 billion in September.

"I think it's fair to say that Walmart is coming from behind online", said Neil Saunders, the managing director of the research firm GlobalData Retail.

Walmart has recognized that it must become a bigger player online and on people's phones if it is going to be able to compete effectively against e-commerce king Amazon.

USA e-commerce chief Marc Lore told reporters in a call that online sales growth was boosted by offering free two-day shipping without membership fees, and higher repeat orders.

The Amazon Prime program costs $99 a year, but comes with services like streaming music and video. (NASDAQ:AMZN) continued to chip away at traditional brick-and-mortar chains by offering lower-priced merchandise online, often with free (or very cheap) shipping options. Wal-Mart plans to expand the price cuts to more than a million items by the end of June. At many stores, customers can make their purchases through self-checkouts. "G$3 iven the current retail landscape, with many retailers experiencing challenges across multiple categories, we believe Walmart will continue to turn up the competitive heat by utilizing its scale and technological advantages to extract increased market share". The retailer's consolidated net income declined marginally to $3 billion in the first quarter. Glassman Wealth Services now owns 1,471 shares of the retailer's stock valued at $106,000 after buying an additional 597 shares in the last quarter. Analysts were calling for earnings of 96 cents per share, down just a bit from the 98 cents per share earned in 2016's comparable quarter.

The company reported an impressive total revenue of 485.87 Billion in the last fiscal year. The Russell 2000 index of smaller stocks was up 5 points, or 0.4 percent, to 1,361. Wal-Mart's shares added $1.70 to $76.82.