Wal-Mart Stores, Inc. reported its last Earnings on Aug 18 BMO where the company reported Actual EPS of $0.98/Share whereas, the Analyst Estimated EPS was $0.88/share.
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The world’s largest retailer also raised its fiscal-year profit forecast, sending its shares up 1.5 percent. Wal-Mart’s same store sales surged almost 1.6%, whereas its neighborhood comps jumped roughly by 6.5%, compared to the same quarter past year. Revenues beat the Zacks Consensus Estimate of $120.1 billion by 0.7% and increased 0.5% year over year. With fiscal year 2016 revenue of $482.1 billion, Walmart employs approximately 2.3 million associates worldwide. Same-store sales in the company’s Sam’s Club stores were up 0.6% excluding fuel and down 1.2% including fuel sales.
Global e-commerce sales and GMV increased 11.8% and 13.0%, respectively, on a constant currency basis.
“We’re also showing progress in e-commerce [.]”. It excludes the non-cash gain of 14 cents, net of tax, from the sale of Yihaodian to JD.com.
“We believe the broadline retailers have higher vulnerability to online competition, but view Walmart’s acquisition of Jet.com as a positive development in the company’s ecommerce strategy”, Nomura analyst Jessica Schoen Mace said. Not including currency fluctuations, operating income rose 4.2%.
US first-quarter same-store sales, both including and excluding fuel sales, rose 1.6% at the company’s supercenter and discount stores. Comp sales growth was ahead of the company’s expectations of around 1% increase. Vigilant Capital Management LLC now owns 1,370 shares of the retailer’s stock valued at $100,000 after buying an additional 1,270 shares in the last quarter.
The growth is a sign that progress is being made by CEO Doug McMillon in his efforts to lower prices and to improve overall customer service. Neighborhood Market comparable store sales grew 6.5%. Yet, Walmart has the second-most trafficked retail website in the US after Amazon.
At 1147 GMT shares in Tesco were up 1.6 percent. A look on the firm performance, its monthly performance is -0.31% and a quarterly performance of 16.28%.
Additionally, the company has EPS of -1.39. This compares to a 1.1% decline for Target. Wal-Mart now expects its earnings in the range of $4.15-$4.35 per share, up from $4.00-$4.30 per share expected previously.
These analysts also forecasted Growth Estimates for the Current Quarter for WMT to be -5.6%. On Dec 4, 2015, Timothy Patrick Flynn (director) purchased 10,000 shares at $58.46 per share price, according to the Form-4 filing with the securities and exchange commission. (NYSE:WMT) is $70.16 while analysts mean recommendation is 2.90.
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NetApp, Inc. (NASDAQ:NTAP) reported a profit for its first quarter that gained ground compared to the same period a year ago.
