Wal-mart (WMT) Misses Q2 EPS by 4c; Lowers Outlook

(Updated - August 18, 2015 7:06 AM EDT)

Wal-mart (NYSE: WMT) reported Q2 EPS of $1.08, $0.04 worse than the analyst estimate of $1.12. Revenue for the quarter came in at $120.2 billion versus the consensus estimate of $119.77 billion. On a constant currency basis, total revenue was $124.5 billion.

Comp sales at Walmart U.S. increased 1.5%, driven by traffic of 1.3%. Neighborhood Market comps increased approximately 7.3%, with strong growth from new stores. Customer experience scores improved over last year.

E-commerce sales globally increased approximately 16% on a constant currency basis. Gross merchandise value, or GMV, increased approximately 18% on a constant currency basis.

Q2 earnings were pressured by currency fluctuations, lower Walmart U.S. margins and investments in customer experience. Consolidated operating income declined 10%.

Walmart updated full year EPS guidance to a range of $4.40 to $4.70, from a previous range of $4.70 to $5.05 and the consensus of $4.77. This range includes Q3 EPS guidance of $0.93 to $1.05, versus the consensus of $1.08.

For earnings history and earnings-related data on Wal-mart (WMT) click here.

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