Wal-mart (WMT) Tops Q4 EPS by 3c; Trims FY17 Sales Outlook
Wal-mart (NYSE: WMT) reported Q4 EPS of $1.49, $0.03 better than the analyst estimate of $1.46. Revenue for the quarter came in at $131.6 billion versus the consensus estimate of $130.65 billion.
Comp sales at Walmart U.S. were positive for the sixth consecutive quarter, up 0.6%, driven by the fifth consecutive quarter of positive traffic. Neighborhood Market comps increased approximately 7%. Customer experience scores continued to strengthen.
"We had a solid fourth quarter to close out our fiscal year, with adjusted EPS of $1.49. We are seeing momentum in our Walmart U.S. business as we continue to lap positive comps, and our international business is healthy and growing. We are pleased with fundamental trends that are allowing us to improve our stores, add critical capabilities and deepen our digital relationships with customers. Our initiatives are making it simpler and more convenient for customers to shop at Walmart." - Doug McMillon, President and CEO, Wal-Mart Stores, Inc.
Sees FY17 sales growth about flat, from up 3 - 4 percent prior. This change reflects the impact from recently announced store closures globally, as well as the continued strengthening of the U.S. dollar. Excluding the impact of currency and store closures, our net sales growth guidance would have remained in the 3 to 4 percent growth range.
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