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BRIEF-Walmart Says Based On Current Exchange Rates, Estimate Q2 Sales Will Be Negatively Affected By About $1 Bln

Negatively Affected By About $1 Bln@

May 16 (Reuters) - Walmart Inc:

* WALMART - BASED ON CURRENT EXCHANGE RATES, ESTIMATE Q2 SALES WILL BE NEGATIVELY AFFECTED BY ABOUT $1 BILLION

* WALMART - "FIRST QUARTER RESULTS PUT US IN A GOOD POSITION TO ACHIEVE FULL-YEAR GOALS"

* WALMART SAYS MONITORING TARIFF DISCUSSIONS AND HOPEFUL THAT AN AGREEMENT CAN BE REACHED

* WALMART - IN THE U.K., WE ARE DISAPPOINTED THAT THE PROPOSED MERGER OF ASDA WITH SAINSBURY'S ISN'T HAPPENING

* WALMART - "FOCUSED ON CONTINUING TO EXECUTE STRATEGY TO STRENGTHEN ASDA'S LONGTERM SUCCESS, INCLUDING POTENTIAL OF AN IPO AT SOME POINT IN THE FUTURE"

* WALMART - IN U.S., ON TRACK TO OFFER SAME-DAY GROCERY DELIVERY FROM 1,600 STORES WHILE ALSO OFFERING GROCERY PICKUP FROM 3,100 STORES BY YEAR-END

* WALMART - THE ASDA TEAM IS MAKING PROGRESS ON "KEY STRATEGIC PRIORITIES" Source text: (https://bit.ly/2VuS8Yb) Further company coverage: