Wal-Mart Stores Beats
Wal-Mart Stores (WMT) reported 1st Quarter April 2017 earnings of $1.00 per share on revenue of $117.5 billion. The consensus earnings estimate was $0.96 per share on revenue of $117.5 billion. The Earnings Whisper number was $0.98 per share. Revenue grew 1.4% on a year-over-year basis.
The company said it expects second quarter earnings of $1.00 to $1.08 per share. The current consensus earnings estimate is $1.07 per share for the quarter ending July 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.
Walmart U.S. Q1 comps grew 1.4% and Walmart U.S. eCommerce GMV grew 69%, Company reports Q1 FY18 diluted EPS of $1.00
"We delivered a solid first quarter and
we're encouraged by the start to the year.
We're moving faster to combine our
digital and physical assets to make
shopping simple and easy for customers.
Our plan is gaining traction, and I want to
thank our associates for their hard work,
ingenuity and commitment to our
customers. Our customers have choices,
and we have to earn their business with
President and CEO, Walmart
- Diluted EPS was $1.00, an increase of 2% over last year
- Total revenue was $117.5 billion, an increase of 1.4%. Excluding
currency, total revenue was $118.8 billion, an increase of
- Walmart U.S. comp sales increased 1.4%, driven by a traffic
increase of 1.5%. Comp traffic increased 3.0% on a two-year
- E-commerce growth at Walmart U.S. was strong as sales and
GMV increased 63% and 69%, respectively. The majority of
this growth was organic through Walmart.com.
- Net sales at Walmart International were $27.1 billion, a
decrease of 3.5%. Excluding currency, net sales were $28.3
billion, an increase of 0.8%.
- The company generated $5.4 billion in operating cash flow and returned $3.7 billion to shareholders
through dividends and share repurchases
For the full press release, please go here