Wal-mart (WMT) Tops Q3 EPS by 1c; U.S. Comps Rose 1.5%

(Updated - November 17, 2015 7:05 AM EST)

Wal-mart (NYSE: WMT) reported Q3 EPS of $0.99, $0.01 better than the analyst estimate of $0.98. Revenue for the quarter came in at $117.4 billion versus the consensus estimate of $117.79 billion.

Profit from continuing operations was $1.03 in the quarter.

• Comp sales at Walmart U.S. were positive for the fifth consecutive quarter, up 1.5%. Traffic increased 1.7%. Customer experience scores continued to strengthen. Neighborhood Market comps increased approximately 8%, with strong growth from newer stores.
• Walmart International net sales were $29.8 billion. On a constant currency basis1, sales reached $34.7 billion, led by Mexico and Canada. Operating income decreased 6.4%. On a constant currency basis1, operating income increased 8.5%.
• E-commerce sales and GMV globally increased approximately 10% on a constant currency basis1. Growth was pressured by challenges in key international markets.

"We are pleased with the continued sales growth in Walmart U.S. and in our international business. Strong traffic and our fifth consecutive quarter of positive comps in Walmart U.S. stores show we are taking the right steps to win with customers. Although we still have work to do, we are positioning for sustainable growth through investments in people and technology to deliver a seamless shopping experience at scale." - Doug McMillon, President and CEO, Wal-Mart Stores, Inc.

"We delivered solid earnings per share that was well within our guidance. Looking ahead, we are narrowing our full-year earnings per share guidance to range between $4.50 and $4.65, including a range of $1.40 to $1.55 for the fourth quarter. This includes ongoing headwinds from currency, which we now expect will impact earnings per share by $0.16, compared to $0.15 from last quarter's guidance. We continue to expect relatively flat total sales growth for the year. Without the currency impact, our full-year total net sales growth would be around 3 percent." - Charles Holley, Executive Vice President and CFO, Wal-Mart Stores, Inc.

Guidance:

The company sees FY16 EPS of $4.50 - $4.65 and Q4 EPS of $1.40 - $1.55. The Street is at FY16 EPS of $4.51 and Q4 EPS of $1.43.

Wal-mart sees U.S. comps up around 1 percent in FY16, versus up 1.5 percent last year.

The company's quarterly report is embedded below:

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