WMT
$70.36
Wal-Mart Stores
$.42
.60%
Earnings Details
3rd Quarter October 2016
Thursday, November 17, 2016 7:00:00 AM
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Summary

Wal-Mart Stores Misses

Wal-Mart Stores (WMT) reported 3rd Quarter October 2016 earnings of $0.98 per share on revenue of $118.2 billion. The consensus earnings estimate was $0.96 per share on revenue of $118.5 billion. The Earnings Whisper number was $0.99 per share. Revenue grew 0.7% on a year-over-year basis.

The company said it expects fourth quarter earnings of $1.18 to $1.33 per share. The current consensus earnings estimate is $1.33 per share for the quarter 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.

Results
Reported Earnings
$0.98
Earnings Whisper
$0.99
Consensus Estimate
$0.96
Reported Revenue
$118.18 Bil
Revenue Estimate
$118.53 Bil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

Walmart reports Q3 FY17 EPS of $0.98, The company now expects full-year GAAP EPS of $4.34 to $4.49, Adjusted full-year EPS of $4.20 to $4.35

“We had a solid third quarter. Our ecommerce growth accelerated, operations in the U.S. continued to strengthen and international delivered another solid performance. We are pleased that we can see real progress stemming from our strategic choices and we appreciate the great work by our associates. Yet, we are not satisfied. We will continue to change and pick up speed to reach our longer term aspirations. We’re positioned well for this important fourth quarter and wish everyone a happy, peaceful and prosperous holiday season.” Doug McMillon, President and CEO, WalMart Stores, Inc.

  • Diluted EPS was $0.98. Currency negatively impacted EPS by approximately $0.03.
  • Total revenue was $118.2 billion, an increase of 0.7%. On a constant currency basis, total revenue was $120.3 billion, an increase of 2.5%.
  • Walmart U.S. comp sales increased 1.2%, driven by a traffic increase of 0.7%. Neighborhood Market comp sales increased approximately 5.2%.
  • Net sales at Walmart International were $28.4 billion, a decrease of 4.8%. Excluding currency 1 impacts, net sales were $30.5 billion, an increase of 2.4%.
  • Globally, on a constant currency basis, e-commerce sales and GMV increased 20.6% and 16.8%, respectively, representing continued acceleration. Excluding Yihaodian, GMV increased 28.6%.
  • Consolidated operating income decreased 10.4%. As expected, investments in people and technology, as well as currency exchange rate fluctuations negatively impacted results. Excluding last year's lease accounting benefit of $156 million, operating income decreased 7.9%.
  • Year-to-date operating cash flow was $19.6 billion and free cash flow 1 was $12.2 billion, both approximately $5 billion higher than last year led by improved working capital management.
  • The company returned just under $3 billion to shareholders during the quarter through dividends of $1.5 billion and share repurchases of $1.4 billion.


For the full press release, please go here