Walmart Q4 Profit Beats, Revenues Up, Outlook Positive

by Ike Obudulu Posted on February 19th, 2019

Bentonville, Arkansas, USA : Retail giant Walmart Inc. (NYSE: WMT) reported adjusted EPS of $1.41 for the fourth-quarter of last year. On average, 27 analysts expected the company to report profit per share of $1.33 for the quarter. Analysts’ estimates typically exclude special items. Net income attributable to Walmart improved 69.5% year-over-year to $3.69 billion. Earnings per share was $1.27 compared to $0.73, prior year.

Fourth-quarter total revenue was $138.8 billion, an increase of 1.9% from last year. Excluding currency, total revenue was $140.5 billion, an increase of 3.1%. Analysts expected revenue of $138.65 billion for the quarter.

Without Fuel, Walmart U.S. comp sales grew 4.2%, while Walmart U.S. eCommerce sales increased 43%, for the quarter. Sam’s Club comp sales were up 3.3%, for the quarter, and eCommerce sales grew 21%.

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For fiscal 2019, adjusted EPS was $4.91. Total revenue was $514.4 billion, an increase of 2.8%. Excluding currency, total revenue was $515.1 billion, an increase of 3.0%. Walmart U.S. comp sales increased 3.6%, for the fiscal year.

For fiscal 2020, the company continues to expect: Walmart U.S. comp sales, excluding fuel, to rise 2.5 percent to 3 percent; and net sales growth of at least 3 percent in constant currency. Walmart expects fiscal 2020 adjusted EPS to decline by a low single-digit percentage range compared with fiscal 2019 adjusted EPS. Excluding Flipkart, the company expects fiscal 2020 EPS to increase by a low to mid single-digit percentage range compared with fiscal 2019 adjusted EPS.

Wal-Mart Stores Inc. earnings at a glance

-EPS (Q4): $1.41 vs. $1.33 last year.
-Analysts Estimate: $1.33
-Revenue (Q4): $138.79 Bln vs. $136.27 Bln last year.

Author

Ike Obudulu

Ike Obudulu

Versatile Certified Fraud Examiner, Chartered Accountant, Certified Internal Auditor with an MBA in Finance And Investments who has both worked for and consulted with some of the world's largest companies on main street and wall street in over 20 countries, Ike brings his extensive reporting and investigations experience to bear on his role as Chief Editor.
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