Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Wal-Mart Stores    WMT

WAL-MART STORES (WMT)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Wal Mart Stores : Walmart Sees Sales Growth as Digital Investments Remain in Focus

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/17/2018 | 02:38pm CEST

By Austen Hufford

Walmart Inc. said Thursday that stronger foot traffic and average customer spend per visit at its U.S. stores helped lift sales in its quarter, as the retail giant saw grocery growth and continued to invest in online initiatives.

Same-store sales at Walmart's U.S. stores rose 2.1%, compared with the 2.3% expected by analysts according to Consensus Metrix.

Walmart said its latest quarter was helped by its grocery business in the U.S., with growth in private brands driving increases in fresh foods and packaged goods, and by higher branded drug prices. The company said it was improving lighting, expanding deli offerings and making its bakeries easier to navigate. Still, cool weather in April weighed down sales for seasonal items and lawn-care-related products.

Walmart said it posted a 12th straight quarter of declining comparable inventory levels while maintaining enough stock in stores to serve customers. Reducing inventory levels can help boost profit margins.

By the end of the year, Walmart expects its grocery delivery service to be able to reach 40% of the U.S. population.

Recently the company closed 63 of its underperforming Sam's Club locations, or around 10%, and removed tobacco from certain locations. Getting rid of stores that were doing less well can boost results for the remaining locations. The closed locations cut revenue by 8% but comparable sales excluding fuel and tobacco of the remaining stores increased 5.2%, as foot traffic rose 5.6%.

Walmart has also been changing how it views growth from international markets. This month Walmart agreed to take control of India's largest e-commerce company, Flipkart Group, for $16 billion, betting that growth in the South Asian market will make up for the short-term losses from taking on the unprofitable startup.

It also recently sold control of U.K. chain Asda to J Sainsbury PLC, and, according to people familiar with the matter, it is in talks to sell a majority stake in its Brazilian operations. Walmart International generated about 24% of the company's sales for its most recently completed year.

U.S. e-commerce sales grew 33% in the first quarter, up from 23% in the fourth quarter. Walmart said it continues to expect 40% online growth this year. E-commerce sales still account for a fraction of the retailer's revenue.

In the first quarter, Walmart posted a profit of $2.13 billion, or 72 cents a share, compared with a profit of $3.04 billion, or $1 a share, in the same period a year before. On an adjusted basis, which excludes some changes in accounting rules, the company brought in $1.14 a share, above the $1.12 expected by analysts polled by Thomson Reuters.

Revenue rose 4.4% to $122.69 billion, coming in above the $120.51 billion expected by analysts.

Walmart said profit in the quarter was hurt by a fall in the share price of Chinese e-commerce company JD.com. Under new accounting rules, the company records gains and losses of certain equity investments, even if the company doesn't sell or buy shares.

Higher fuel and logistics costs also hurt results. A truck shortage this year has led to rising costs across industries in the U.S.

Shares rose 1.9% in premarket trading.

Write to Austen Hufford at [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on WAL-MART STORES
04:28pWAL MART STORES : Walmart Partners With Microsoft To Battle Amazon
AQ
02:13pTODAY'S RESEARCH REPORTS ON STOCKS T : Amazon and Walmart
AC
01:02pMARKET MORNING : Trump Backtracks on Russia, Flying Taxis, Walmart and Chill?
AQ
07/17Asda proposes closure of London distribution centre, 261 jobs at risk
RE
07/17Asda proposes closure of London distribution center, 261 jobs at risk
RE
07/17WAL MART STORES : Thinking about buying stock in Advanced Micro Devices, Amazon...
PR
07/17UPS tests 'smart lock' technology in New York apartment buildings
RE
07/17Walmart, Microsoft in partnership to use cloud tech
RE
07/17WAL MART STORES : Walmart establishes strategic partnership with Microsoft to fu..
BU
07/17WAL MART STORES : An Amazing Way to Add STEAM to Girls’ Career Dreams
PU
More news
News from SeekingAlpha
09:50aWALMART : Mindful Of Growth Opportunities 
08:36aReady For Microsoft's Earnings? Here Is What To Expect For FYQ4. 
07/17Walmart eyes challenging Netflix, Amazon in streaming 
07/17Buying Dividend Growth Stocks Without Looking - More Than 3 Years Later. 
07/17Fed Delivers Semi-Annual Monetary Policy (Wall Street Breakfast Podcast) 
Financials ($)
Sales 2019 514 B
EBIT 2019 21 840 M
Net income 2019 13 294 M
Debt 2019 44 550 M
Yield 2019 2,41%
P/E ratio 2019 19,41
P/E ratio 2020 17,59
EV / Sales 2019 0,59x
EV / Sales 2020 0,58x
Capitalization 260 B
Chart WAL-MART STORES
Duration : Period :
Wal-Mart Stores Technical Analysis Chart | WMT | US9311421039 | 4-Traders
Technical analysis trends WAL-MART STORES
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 94,3 $
Spread / Average Target 7,0%
EPS Revisions
Managers
NameTitle
C. Douglas McMillon President, Chief Executive Officer & Director
Gregory B. Penner Non-Executive Chairman
Brett M. Biggs Chief Financial Officer & Executive Vice President
Jeremy King Chief Technology Officer & Executive VP
Clay Johnson Chief Information Officer & Executive VP
Sector and Competitors
1st jan.Capitalization (M$)
WAL-MART STORES-11.25%260 235
ALIMENTATION COUCHE-TARD INC-4.33%26 589
SM INVESTMENTS CORPORATION--.--%20 275
AVENUE SUPERMARTS LTD32.37%14 351
DAIRY FARM INTERNATIONAL HOLDINGS LTD16.22%12 404
CARREFOUR-25.50%12 116