Categories AlphaGraphs, Earnings, Retail
Walmart stock jumps on impressive Q4 earnings, eCommerce sales
Walmart (WMT) — the world’s largest department store chain — reported fourth-quarter 2019 financial results on Tuesday, February 19, before the opening bell.
Total revenue for the period inched 1.9% up to $138.8 billion, despite net sales at Walmart International slipping 2.3% to $32.3 billion. Adjusted EPS for the quarter was $1.41. Shares of the retail chain soared in pre-market trade as earnings beat estimates, backed by US eCommerce sales jumping 42% in the quarter.
Operating income grew 35.8% to $6.07 billion, while net income (consolidated and attributable to Walmart) jumped 69.5% to $3.69 billion. Net attributable earnings rose 74% to $1.27 per diluted share.
Total comparable sales (excluding fuel) in the US for 13 weeks ended Jan 25, 2019, was 4.0% vs. last year’s 2.6%. Total US comp sales with fuel for the same period was 4.1%.
LOOKING TO FISCAL 2020
Walmart expects consolidated FY20 net sales to grow at least 3% in constant currency, on a positive impact of the Flipkart India acquisition — offset by the deconsolidation of Walmart Brazil and the planned tobacco sales reduction at Sam’s Club.
Excluding fuel, Walmart US comp sales for the coming year is expected to grow 2.5% to 3%. Net sales for Walmart US eCommerce is estimated to jump about 35%.
Walmart US grocery aims to have about 3,100 grocery pickup locations and 1,600 delivery locations by fiscal year-end.
We’re on Flipboard! Follow us to receive the latest stock market, earnings, and financial news at your fingertips
Most Popular
StubHub Holdings set to enter public markets. Here’s what to expect
After a modest start to the year, the IPO market is witnessing an increase in activity led by technology and healthcare companies. StubHub Holdings, a leading online ticket marketplace for
Can Beyond Meat (BYND) overcome its persistent challenges?
Shares of Beyond Meat, Inc. (NASDAQ: BYND) stayed red on Tuesday. The stock has dropped 19% over the past three months. The plant-based meat company continues to struggle in terms
CarMax (KMX) likely to report strong earnings growth for Q4 2025
After reporting robust earnings growth for the third quarter, CarMax, Inc. (NYSE: KMX) is preparing to publish Q4 results next week. Over the years, the company has fostered customer loyalty
