WMT
$110.83
Wal-Mart Stores
($1.08)
(.97%)
Earnings Details
2nd Quarter July 2019
Thursday, August 15, 2019 7:01:00 AM
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Summary

Wal-Mart Stores Beats

Wal-Mart Stores (WMT) reported 2nd Quarter July 2019 earnings of $1.27 per share on revenue of $130.4 billion. The consensus earnings estimate was $1.22 per share on revenue of $130.5 billion. The Earnings Whisper number was $1.25 per share. Revenue grew 1.8% on a year-over-year basis.

The company said it now expects fiscal year earnings to range from a slight decrease to a slight increase from $4.91 per share. The company's previous guidance was for earnings to decline by a low single-digit, or earnings of approximately $4.79 per share, and the current consensus earnings estimate is $4.84 per share for the year ending January 31, 2020.

Wal-Mart Stores Inc, operates retail stores in various formats under various banners. Its operations comprise of three reportable business segments, Walmart U.S., Walmart International and Sam' Club in three categories retail, wholesale and others.

Results
Reported Earnings
$1.27
Earnings Whisper
$1.25
Consensus Estimate
$1.22
Reported Revenue
$130.38 Bil
Revenue Estimate
$130.49 Bil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

Walmart U.S. Q2 comp sales grew 2.8% and Walmart U.S. eCommerce sales grew 37%

Company reports Q2 FY20 GAAP EPS of $1.26; Adjusted EPS of $1.27, led by strength at Walmart U.S., Walmart raises expectations for fiscal 2020 U.S. comp sales, operating income and EPS

BENTONVILLE, Ark.--(BUSINESS WIRE)--Walmart Inc. (NYSE: WMT):

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190815005308/en/

Walmart reports Q2 FY20 earnings

Walmart reports Q2 FY20 earnings

  • Total revenue was $130.4 billion, an increase of $2.3 billion, or 1.8%. Excluding currency, total revenue was $131.7 billion, an increase of $3.7 billion, or 2.9%.
  • Walmart U.S. comp sales increased on a two-year stacked basis by 7.3%, which is the strongest growth in more than 10 years. Segment operating income increased 4%, marking the fifth consecutive quarter of growth.
  • Walmart U.S. eCommerce sales growth of 37% includes strong growth in online grocery.
  • Sam’s Club comp sales increased 1.2%, and eCommerce sales grew 35%. Reduced tobacco sales negatively affected comp sales by 300 basis points.
  • Net sales at Walmart International were $29.1 billion, a decrease of 1.1%. Excluding currency, net sales were $30.4 billion, an increase of 3.3%. Strength in Walmex and China were offset by softness in the U.K. and Canada.
  • Operating income declined 2.9%, or 2.4% in constant currency, which was better than planned with strong results in the U.S. businesses. As expected, the inclusion of Flipkart this quarter negatively affected profit results.
  • Adjusted EPS excludes an unrealized loss, net of tax, of $0.01 on the company’s equity investment in JD.com for the second quarter of FY20.
  • FY20 adjusted EPS is now expected to range between a slight decrease and a slight increase compared with FY19 adjusted EPS.
  • Walmart U.S. surpassed 1,100 grocery delivery locations and has more than 2,700 pickup locations.
  • The company’s NextDay delivery service from Walmart.com now covers about 75% of the U.S. population.

About Walmart

Walmart Inc. (NYSE: WMT) helps people around the world save money and live better - anytime and anywhere - in retail stores, online, and through their mobile devices. Each week, over 275 million customers and members visit our more than 11,300 stores under 58 banners in 27 countries and eCommerce websites. With fiscal year 2019 revenue of $514.4 billion, Walmart employs over 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com, on Facebook at http://facebook.com/walmart and on Twitter at http://twitter.com/walmart.

Investor Relations contact
Dan Binder (479) 258-7172

Media Relations contact
Randy Hargrove (800) 331-0085

Source: Walmart Inc.