Wal-Mart Stores Beats
Wal-Mart Stores (WMT) reported 3rd Quarter October 2017 earnings of $1.00 per share on revenue of $123.2 billion. The consensus earnings estimate was $0.97 per share on revenue of $121.1 billion. The Earnings Whisper number was $0.99 per share. Revenue grew 4.2% on a year-over-year basis.
The company said in its supplemental earnings presentation it expects fiscal year earnings of $4.38 to $4.46 per share. The company's previous guidance was earnings of $4.30 to $4.40 per share and the current consensus earnings estimate is $4.38 per share for the year ending January 31, 2018.
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.
Walmart U.S. Q3 comps grew 2.7% and Walmart U.S. eCommerce sales grew 50%, Company reports Q3 FY18 GAAP EPS of $0.58; Adjusted EPS of $1.00, The company now expects full-year GAAP EPS of $3.84 to $3.92, Adjusted full-year EPS of $4.38 to $4.46
•Total revenue was $123.2 billion, an increase of $5.0 billion, or 4.2%. Excluding currency, total revenue was $122.7 billion, an increase of $4.5 billion, or 3.8%.
--Walmart U.S. comp sales increased 2.7%, and comp traffic increased 1.5%.
•eCommerce growth at Walmart U.S. remained strong, led by growth through Walmart.com. Net sales and GMV increased 50% and 54%, respectively.
•Net sales at Walmart International were $29.5 billion, an increase of 4.1%. Excluding currency, net sales were $29.1 billion, an increase of 2.5%. Ten of eleven markets posted positive comp sales, including our four largest markets.
Wal-Mart Stores, Inc. (WMT) helps people around the world save
money and live better - anytime and anywhere - in retail stores, online,
and through their mobile devices. Each week, over 260 million customers
and members visit our more than 11,600 stores under 59 banners in 28
countries and e-commerce websites in 11 countries. With fiscal year 2017
revenue of $485.9 billion, Walmart employs approximately 2.3 million
associates worldwide. Walmart continues to be a leader in
sustainability, corporate philanthropy and employment opportunity.
Additional information about Walmart can be found by visiting http://corporate.walmart.com,
on Facebook at http://facebook.com/walmart
and on Twitter at http://twitter.com/walmart.
This press release features multimedia. View the full release here:
Along with this press release, Walmart makes available a recorded call
with executive leaders and a financial presentation to review business
results, provide strategic updates, and comment on expectations for the
future. We provide that call in both audio form and in a written
transcript. Details on accessing the call are as follows:
877-523-5612 (U.S. and Canada)
201-689-8483 (other countries)
Passcode: 9256278 (Walmart)
The call is archived at stock.walmart.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20171116005729/en/
SOURCE: Wal-Mart Stores, Inc.
Steve Schmitt, 479-258-7172
Randy Hargrove, 800-331-0085