Wal-mart (WMT) Tops Q3 EPS by 3c; Raises Outlook

Wal-mart (NYSE: WMT) reported Q3 EPS of $1.00, $0.03 better than the analyst estimate of $0.97. Revenue for the quarter came in at $123.2 billion versus the consensus estimate of $121 billion.

GUIDANCE:

Wal-mart sees FY2018 EPS of $4.38-$4.46, versus the consensus of $4.38.

• The company's third-quarter GAAP EPS was adjusted for three items. A charge of $0.29 for loss on extinguishment of debt in connection with the company's recently completed debt tender offer, a charge of $0.09 based on discussions with government agencies regarding the possible resolution of the FCPA matter, and a charge of $0.04 based on the decision to exit certain properties in one of the company's international markets.
• Total revenue was $123.2 billion, an increase of $5.0 billion, or 4.2%. Excluding currency, total revenue was $122.7 billion, an increase of $4.5 billion, or 3.8%.
• Walmart U.S. comp sales increased 2.7%, and comp traffic increased 1.5%.
• eCommerce growth at Walmart U.S. remained strong, led by growth through Walmart.com. Net sales and GMV increased 50% and 54%, respectively.
• Net sales at Walmart International were $29.5 billion, an increase of 4.1%. Excluding currency, net sales were $29.1 billion, an increase of 2.5%. Ten of eleven markets posted positive comp sales, including our four largest markets.

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

You May Also Be Interested In

• Gilead Sciences (GILD) Misses Q1 EPS by 288c
• Skechers USA (SKX) Tops Q1 EPS by 23c, Beats on Revenue; Offers FY24 Guidance
• Data I/o Corp (DAIO) Misses Q2 EPS by 7c