FONT-SIZE Plus   Neg

Wal-Mart Reiterates FY EPS View; To Buy Back $20 Bln Of Shares

Wal-Mart Stores Inc. (WMT) said that it reiterates fiscal year 2018 GAAP earnings per share guidance of $4.18 to $4.28, or adjusted earnings per share guidance of $4.30 to $4.40. Analysts polled by Thomson Reuters expect the company to report earnings of $4.38 per share. Analysts' estimates typically exclude special items for fiscal year 2018. The company announces a new $20 billion share repurchase program to replace its existing authorization and expects to utilize the new authorization over an approximate two-year period.

For fiscal year 2019, the company expects earnings per share to increase approximately 5 percent compared with fiscal year 2018 adjusted earnings per share. Consolidated net sales are expected to grow at or above 3 percent, driven by comp-sales and eCommerce growth, assuming currency exchange rates remain at current levels. It anticipates sales growth at Walmart U.S. eCommerce to be about 40 percent. It expects to add 1,000 online grocery locations in Walmart U.S.

Walmart President and CEO Doug McMillon will discuss accomplishments over the past year at Walmart U.S., including traffic and comp sales improvements, strong eCommerce growth and expanded online assortment, two-day free shipping with no membership fee and over 1,000 online grocery pickup locations.

The company expects capital expenditures to be approximately $11 billion for fiscal years 2018 and 2019. The company expects global unit growth of approximately 280, including new, expanded and relocated units, for each of the fiscal years 2018 and 2019.

Walmart U.S. expects to open fewer than 15 Supercenters and fewer than 10 Neighborhood Markets in fiscal year 2019.

Walmart International expects to open about 255 new stores with a focus in key markets such as Mexico and China.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Poultry giant Sanderson Farms has blamed the national anthem protests in National Football League for its lower sales for the fourth-quarter and full year. Sanderson Farms, which is one of the biggest chicken providers in the US, said that NFL protests involving players taking a knee during the national... Amazon would reportedly sell Google's Chromecast streaming adapter for this Christmas. The online retailer giant has banned the product from its site for the last two years and has presumably settle the issues. Though the product is not available for sale, it has listed 4K-capable Chromecast Ultra adapter. Europe's no-frills airline Ryanair recognized pilot union for a smooth holiday season ahead. The airline had a discussion with its pilots union in Britain, Germany, Italy, Spain, Ireland, Portugal to iron out the issues. The pilots working for Ryanair have been enjoying different status and many of them were reportedly not in the rolls as full timers.
comments powered by Disqus
Follow RTT