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

MarketScreener Homepage  >  Equities  >  Nyse  >  Wal-Mart Stores    WMT

WAL-MART STORES (WMT)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets
OFFRE

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 austen.hufford@wsj.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on WAL-MART STORES
01:01aWAL MART STORES : Hair 911 Announces that It is finally Available at Wal-Mart
AQ
09/24WAL MART STORES : In Wake of Romaine E. coli Scare, Walmart Deploys Blockchain t..
PU
09/24Walmart, Sam's Club to put food products on blockchain
RE
09/24JEAN-CHARLES NAOURI : Casino rejects merger approach that Carrefour denies makin..
RE
09/22WAL MART STORES : Walmart India opens 22nd Cash and Carry store in India 
AQ
09/21WAL MART STORES : The Delivery That Saved the Day for One Florence-Affected Comm..
PU
09/21WAL MART STORES : Walmart says new batch of Trump tariffs could force price hike..
AQ
09/21WAL MART STORES : EEOC Contends Walmart Distribution Center Violated Pregnant Wo..
DJ
09/21WAL MART STORES : EEOC Contends Walmart Distribution Center Violated Pregnant Wo..
DJ
09/21AMAZON COM : India Is New Front on Retail War
DJ
More news
News from SeekingAlpha
09/24Walmart eyes using blockchain tech for food safety 
09/24Walmart will require some suppliers to use IBM's food safety solution 
09/24'SAFER' DIVIDEND DOW DOGS : Intel, Chevron, DowDupont, McDonald's, And Boeing Ca.. 
09/24Got A Buck For Retirement? You're Beating Most Americans 
09/24Latest U.S.-China Tariffs Take Effect (Wall Street Breakfast Podcast) 
Financials ($)
Sales 2019 515 B
EBIT 2019 21 949 M
Net income 2019 9 608 M
Debt 2019 48 896 M
Yield 2019 2,19%
P/E ratio 2019 27,03
P/E ratio 2020 19,56
EV / Sales 2019 0,64x
EV / Sales 2020 0,62x
Capitalization 281 B
Chart WAL-MART STORES
Duration : Period :
Wal-Mart Stores Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends WAL-MART STORES
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 34
Average target price 103 $
Spread / Average Target 7,6%
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 Enterprise Chief Information Officer & EVP
Sector and Competitors
1st jan.Capitalization (M$)
WAL-MART STORES-3.88%280 866
ALIMENTATION COUCHE-TARD INC-0.21%28 612
SM INVESTMENTS CORPORATION--.--%19 186
CARREFOUR-8.04%15 382
AVENUE SUPERMARTS LTD28.30%12 976
DAIRY FARM INTERNATIONAL HOLDINGS LTD17.49%12 661