Higher Traffic, Int'l Sales Lead Wal-Mart (WMT) to Q1 Beat
Tweet
Share
E-mail
Get Alerts WMT Hot Sheet
Price: $104.87 --0%
EPS Growth %: +3.2%
Financial Fact:
Cost of sales: 87.48B
Today's EPS Names:
PMCB, PLCE, DOMO, More
EPS Growth %: +3.2%
Financial Fact:
Cost of sales: 87.48B
Today's EPS Names:
PMCB, PLCE, DOMO, More
Join SI Premium – FREE
Wal-Mart (NYSE: WMT) shares are indicated for a higher Thursday following first-quarter 2012 results and outlook.
Revenue for the retail behemoth rose 8.6 percent to $112.27 billion, compared with expectations calling for $110.5 billion. Total revs were $113.02 billion, with membership revs slipping 3.6 percent in the quarter to $746 million. U.S. comps popped 2.6 percent on stronger traffic and ticket.
Net income rose 9.2 percent to $3.742 billion, or $1.09 per diluted share, topping expectations calling for EPS of $1.04.
Wal-Mart's International unit was a strong growth driver with sales up 15 percent year-over-year to $32.08 billion.
Operating margin was flat at 5.65 percent.
"Our merchants are focused on increasing sales through the right assortment at the right time and for the lowest price," quipped CEO Bill Simon. "We will continue to invest in price to lower costs for our customers by enhancing leverage initiatives and managing expenses."
Looking ahead, Wal-Mart sees second-quarter EPS of $1.13 to $1.18, versus the consensus of $1.16.
Shares of Wal-Mart are up 3.2 percent Thursday morning.
Revenue for the retail behemoth rose 8.6 percent to $112.27 billion, compared with expectations calling for $110.5 billion. Total revs were $113.02 billion, with membership revs slipping 3.6 percent in the quarter to $746 million. U.S. comps popped 2.6 percent on stronger traffic and ticket.
Net income rose 9.2 percent to $3.742 billion, or $1.09 per diluted share, topping expectations calling for EPS of $1.04.
Wal-Mart's International unit was a strong growth driver with sales up 15 percent year-over-year to $32.08 billion.
Operating margin was flat at 5.65 percent.
"Our merchants are focused on increasing sales through the right assortment at the right time and for the lowest price," quipped CEO Bill Simon. "We will continue to invest in price to lower costs for our customers by enhancing leverage initiatives and managing expenses."
Looking ahead, Wal-Mart sees second-quarter EPS of $1.13 to $1.18, versus the consensus of $1.16.
Shares of Wal-Mart are up 3.2 percent Thursday morning.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Citi opens downside watch on Kroger ahead of earnings
- The Gap, Inc. (GAP) Tops Q2 EPS by 3c
- 39 Years, $39 Million: Walmart and Sam's Club Continue Longstanding Support of Children's Miracle Network
Create E-mail Alert Related Categories
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
