Wal-Mart Stores
Earnings Details
2nd Quarter July 2016
Thursday, August 18, 2016 7:00:00 AM
Tweet Share Watch

Wal-Mart Stores Beats

Wal-Mart Stores (WMT) reported 2nd Quarter July 2016 earnings of $1.07 per share on revenue of $120.9 billion. The consensus earnings estimate was $1.02 per share on revenue of $120.1 billion. The Earnings Whisper number was $1.05 per share. Revenue grew 0.5% on a year-over-year basis.

The company said it expects third quarter earnings of $0.90 to $1.00 per share and fiscal year earnings of $4.15 to $4.35 per share. The company's previous guidance was for fiscal year earnings of $4.00 to $4.30 per share. The current consensus earnings estimate is $0.94 per share for the quarter ending October 31, 2016 and $4.28 per share for the year ending January 31, 2017.

Wal-Mart Stores Inc, operates retail stores in various formats under various banners. Its operations comprise of three reportable business segments, Walmart U.S., Walmart International and Sam' Club in three categories retail, wholesale and others.

Reported Earnings
Earnings Whisper
Consensus Estimate
Reported Revenue
$120.85 Bil
Revenue Estimate
$120.09 Bil
Earnings Growth
Revenue Growth
Power Rating
Earnings Release

Walmart reports Q2 FY17 EPS of $1.21, adjusted EPS of $1.07, Raises full-year adjusted EPS guidance range to $4.15 to $4.35

"We're pleased with the positive momentum in our business. Our strategy in the U.S. is working as we delivered an eighth consecutive quarter of positive comps, and international also performed well. We remain focused on building e-commerce capabilities globally and executing our omni-channel plan, as evidenced by our recent alliance with JD.com in China and agreement to acquire Jet.com in the U.S. Walmart is uniquely positioned to provide customers with a seamless shopping experience where we save them time and money."
Doug McMillon, President and CEO, Wal-Mart Stores, Inc.

  • Diluted EPS was $1.21. Currency negatively impacted EPS by approximately $0.03.
  • Adjusted EPS of $1.07 excludes a non-cash gain of $0.14, net of tax, from the sale of Yihaodian in China.
  • Total revenue was $120.9 billion, an increase of 0.5%. On a constant currency basis1 , total revenue was $123.6 billion, an increase of 2.8%.
  • Walmart U.S. delivered positive comp sales for the eighth consecutive quarter, up 1.6%, driven by the seventh consecutive quarter of positive traffic, up 1.2%. Neighborhood Market comp sales increased approximately 6.5%.
  • Net sales at Walmart International were $28.6 billion. Excluding currency impacts, net sales were $31.3 billion, an increase of 2.2%.
  • Globally, on a constant currency basis, e-commerce sales and GMV increased 11.8% and 13.0%, respectively, representing an acceleration from the first quarter.
  • Consolidated operating income increased 1.6%, including a gain of $535 million from the sale of Yihaodian. Excluding this gain, consolidated operating income declined 7.2%. As expected, investments in people and technology, as well as currency exchange rate fluctuations negatively impacted results.
  • Year to date operating cash flow was $14.9 billion and free cash flow was $10.3 billion, both approximately $5.0 billion higher than last year primarily due to improved working capital management, including significant inventory improvement, and timing of payments.
  • The company now estimates fiscal year 2017 adjusted EPS1 of $4.15 to $4.35, or GAAP EPS of $4.29 to $4.49, both of which include an estimated dilutive impact to EPS of approximately $0.05, primarily in the fourth quarter, as a result of expected operating losses and one-time transaction expenses related to the planned acquisition of Jet.com. The adjusted EPS guidance excludes the non-cash gain of $0.14, net of tax, from the sale of Yihaodian.

For the full press release, please go here.