Wal-Mart (WMT) Reports 16% Increase in International Sales, Total Earnings Grow Over 12% in Q2
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Price: $77.03 -0.47%
EPS Growth %: +4.6%
Financial Fact:
Operating, selling, general and administrative expenses: 23.19B
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EPS Growth %: +4.6%
Financial Fact:
Operating, selling, general and administrative expenses: 23.19B
Today's EPS Names:
NED, OESX, WSTL, More
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Wal-Mart Stores, Inc. (NYSE: WMT) Tuesday reported financial results for the second quarter ended July 31, 2011.
The world's largest retailer posted total sales of $108.6 billion, an increase of 5.5 percent from $103.0 billion in last year's second quarter. Total sales included a currency exchange rate benefit of $2.3 billion.
International sales rose 16.2 percent while domestic sales rose 0.4 percent for the quarter. Sam’s Club saw a 9.5 percent gain in net sales.
Income from continuing operations was up 5.7 percent from last year to $3.8 billion. Diluted EPS were $1.09, well above last year's EPS of $0.97.
Analysts on the Street had been looking for quarterly EPS of $1.08 on sales of $108.26 billion.
Operating income from international operations totaled $1.415 billion in the second quarter. Income from domestic operations totaled $4.985 billion. Operating income from Sam’s Club was $492 million.
The combination of the expense and gross margin items totaled $132 million and accounted for approximately a $0.03 impact to the company’s EPS for the quarter.
The company benefited from an effective tax rate for the second quarter of 32.2 percent, compared to 34.3 percent last year.
At the end of the second quarter, Walmart had positive free cash flow of $4.0 billion, compared to $4.5 billion in the prior year. Total assets at the end of the second quarter totaled $193.656 billion with $55.414 billion being in current assets.
The company released its guidance for the third quarter and narrowed and raised its FY12 outlook. Sees an EPS range of $0.95-$1.00 for the quarter. FY2012 EPS guidance moves from $4.35-$4.50 to $4.41-$4.51.
The Street is expecting Q3 and FY12 EPS of $0.97 and $4.46, respectively.
“I’m encouraged by the sales improvement in our Walmart U.S. stores. Comp sales have increased sequentially month to month within the quarter. In fact, this was the best quarterly performance since the third quarter of fiscal 2010,” said Mike Duke, Wal-Mart Stores, Inc. president and chief executive officer. “We’re committed to deliver positive comp sales by widening the gap on price, and we have a specific plan to deliver EDLP to every customer."
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The world's largest retailer posted total sales of $108.6 billion, an increase of 5.5 percent from $103.0 billion in last year's second quarter. Total sales included a currency exchange rate benefit of $2.3 billion.
International sales rose 16.2 percent while domestic sales rose 0.4 percent for the quarter. Sam’s Club saw a 9.5 percent gain in net sales.
Income from continuing operations was up 5.7 percent from last year to $3.8 billion. Diluted EPS were $1.09, well above last year's EPS of $0.97.
Analysts on the Street had been looking for quarterly EPS of $1.08 on sales of $108.26 billion.
Operating income from international operations totaled $1.415 billion in the second quarter. Income from domestic operations totaled $4.985 billion. Operating income from Sam’s Club was $492 million.
The combination of the expense and gross margin items totaled $132 million and accounted for approximately a $0.03 impact to the company’s EPS for the quarter.
The company benefited from an effective tax rate for the second quarter of 32.2 percent, compared to 34.3 percent last year.
At the end of the second quarter, Walmart had positive free cash flow of $4.0 billion, compared to $4.5 billion in the prior year. Total assets at the end of the second quarter totaled $193.656 billion with $55.414 billion being in current assets.
The company released its guidance for the third quarter and narrowed and raised its FY12 outlook. Sees an EPS range of $0.95-$1.00 for the quarter. FY2012 EPS guidance moves from $4.35-$4.50 to $4.41-$4.51.
The Street is expecting Q3 and FY12 EPS of $0.97 and $4.46, respectively.
“I’m encouraged by the sales improvement in our Walmart U.S. stores. Comp sales have increased sequentially month to month within the quarter. In fact, this was the best quarterly performance since the third quarter of fiscal 2010,” said Mike Duke, Wal-Mart Stores, Inc. president and chief executive officer. “We’re committed to deliver positive comp sales by widening the gap on price, and we have a specific plan to deliver EDLP to every customer."
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