In case of Revenue Estimates, 16 analysts have provided their consensus Average Revenue Estimates for Wal-Mart Stores, Inc.as 118.42 Billion.
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Wal-Mart Stores Inc raised its fiscal-year profit forecast Thursday and posted higher-than-expected quarterly earnings, an improvement it attributed in part to a better shopping experience resulting from employee wage rises.
Overall, Walmart realized a 0.5% increase in second-quarter sales to $120.9 billion.
Since he took the helm during 2014, McMillon has increased the pay for workers in the US and poured new money into the company’s business online with the goal of providing a better overall experience for Walmart customers and to stem the defections suffered to Amazon.com.
Wal-Mart Stores closed down -0.57 points or -0.77% at $73.32 with 96,36,116 shares getting traded on Monday. Excluding the gain on the Yihaodian sale, Wal-Mart’s EPS for the quarter falls to $1.07. The most recent example of this came last week, when Wal-Mart confirmed that it would acquire online-only retailer Jet.com. The company also enjoyed a 1.6% rise in US same-store sales, which measures the performance of stores open for at least one year.
Wal-Mart’s online efforts have been moving in the opposite direction. The deal also brought on board founder of Jet.com Marc Lore, who is known as the smartest person in the e-commerce industry. While an Amazon membership costs $99 a year, it comes with a lot of perks like streaming music and video and unlimited cloud storage. Walmart recently announced plans to buy the hot e-commerce startup Jet.com for $3.3 billion. A month ago, analyst EPS consensus estimated earnings of US$1.02 per share.
The number of Wal-Mart Stores Inc shares in issue is 3,116,646,000 which have a current share price of 74.3 bringing Wal-Mart Stores Inc’s market capitalisation to 231.57B United States dollars.
In other digital initiatives, McMillon highlighted Walmart’s nationwide rollout of Walmart Pay, which was completed in June, and the expansion of grocery pickup to 30 more markets this quarter.
Walmart expects earnings per share between $4.15 and $4.25 for the year. Earnings of $1.21 per share easily topped estimates of $1.02, according to S&P Global Market Intelligence. The company’s total revenue also increased 0.5% YoY to $120.9 billion, topping the Street’s expectations by $740 million.
Wal-Mart’s online business grew 12 percent last quarter, an acceleration from the previous period. Global sales were down 6.6% in the quarter – despite strong growth in Canada, Mexico and Brazil.
Considering its sales growth, Wal-Mart has strong future business fundamentals despite strong market competition. “We’re more pleased this quarter but continue to press and keep growing the business at an accelerated pace”. Its e-commerce sales increased just 7% in the first quarter, the ninth consecutive quarter that online growth has slowed.
Wal-Mart expects full-year earnings in the range of $4.15 to $4.35 per share. If those figures hold up, sales will have remained relatively flat, while earnings will have dropped by almost 5.3% on a year-over-year basis.
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Wal-Mart fared much better than its rival, Target Corp., which cut its profit forecast as customer traffic waned.
