Wal-Mart Stores Reports In-line
Wal-Mart Stores (WMT) reported 2nd Quarter July 2017 earnings of $1.08 per share on revenue of $123.4 billion. The consensus earnings estimate was $1.07 per share on revenue of $122.7 billion. The Earnings Whisper number was $1.08 per share. Revenue grew 2.1% on a year-over-year basis.
The company said it expects third quarter earnings of $0.90 to $0.98 per share and fiscal 2018 earnings of $4.30 to $4.40 per share. The current consensus earnings estimate is $0.98 per share for the quarter ending October 31, 2017 and $4.37 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. Q2 comps grew 1.8% and Walmart U.S. eCommerce GMV(2) grew 67%
Company reports Q2 FY18 GAAP EPS of $0.96; Adjusted EPS(3) of $1.08
- Total revenue was $123.4 billion, an increase of $2.5 billion, or 2.1%. Excluding currency3, total revenue was $124.4 billion, an increase of $3.5 billion, or 2.9%.
- Walmart U.S. comp sales1 increased 1.8% with traffic growth of 1.3%, marking the twelfth consecutive quarter with positive comp sales.
E-commerce growth at Walmart U.S. remained strong, led by organic growth through Walmart.com. Net sales and GMV grew 60% and 67%, respectively, as customers continued to respond well to new initiatives and an expanded assortment of more than 67 million SKUs.
Net sales at Walmart International were $28.3 billion, a decrease of 1.0%. Excluding currency3, net sales were $29.3 billion, an increase of 2.5%. Nine of eleven markets posted positive comp sales.li>
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. This discrete charge was partially offset by the gain from the sale of the Suburbia business in Mexico, which benefited EPS by $0.05.
For the full press release, please go here.