Plus   Neg

Walmart Posts Higher Q4 Profit; Ups Annual Dividend 18% - Quick Facts

Retail giant Wal-Mart Stores, Inc. (WMT) reported a rise in fourth-quarter income from continuing operations attributable to the company to $5.61 billion, or $1.67 per share, from $5.19 billion, or $1.51 per share a year ago. On average, 22 analysts polled by Thomson Reuters expected earnings per share of $1.57 for the quarter. Analysts' estimates typically exclude one-time items.

Quarterly net sales reached $127.1 billion, up 3.9 percent from $122.3 billion in last year's fourth quarter. On a constant currency basis, net sales would have increased 3.7 percent to $126.8 billion. Total revenue for the period was $127.9 billion, a 3.9 percent increase year-over-year. Analysts estimated revenues of $128.77 billion for the quarter.

Looking ahead to the first quarter of fiscal 2014, the company expects earnings per share to range between $1.11 and $1.16, while 19 analysts anticipate first-quarter earnings of $1.18 per share.

For fiscal 2014, earnings per share are estimated to range between $5.20 and $5.40, including increased fiscal 2014 costs of some $0.09 per share for e-commerce operations. Analysts project earnings of $5.37 per share for fiscal 2014.

In addition, the board approved an annual cash dividend for fiscal 2014 of $1.88 per share, around 18 percent increase from the $1.59 per share paid in fiscal 2013.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Saudi Arabia's oil major Aramco is reportedly planning to list its much hyped initial public offering on the Saudi stock market, Tadawu only. Earlier, the Dhahran-based Saudi Arabian national petroleum company was planning for a wider international listing. Following a disastrous week of public-relations fiascoes involving transportation of pets, United Airlines said Tuesday it is suspending its Petsafe program with immediate effect. PetSafe is United Airlines' specially designed program for transporting animals that are not eligible to travel in the aircraft cabin. The program offers airport-to-airport travel for animals to nearly 300 destinations. Chipotle Mexican Grill, the Mexican food-chain that continues to struggle from its food-borne illness scandal, on Tuesday said it has appointed Chris Brandt as its new Chief Marketing Officer to replace Mark Crumpacker, who resigned last week. Most recently, Brandt worked at Bloomin' Brands, where...
comments powered by Disqus
Follow RTT