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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Walmart Inc | NYSE:WMT | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.255 | -0.43% | 59.455 | 59.62 | 59.14 | 59.62 | 3,461,010 | 16:43:51 |
By Sarah Nassauer
Wal-Mart Stores Inc. will report fiscal fourth-quarter results before the market opens Tuesday. Here is what you need to know:
EARNINGS FORECAST: Analysts forecast earnings per share of $1.29, according to Thomson Reuters, down from $1.43 a year ago.
REVENUE FORECAST: Analysts forecast $131.27 billion in revenue, up from $129.7 billion a year ago.
WHAT TO WATCH:
Sales and Traffic: Analysts are expecting Wal-Mart's same-store sales to increase for the 10th consecutive quarter, putting it on stable footing compared with many other retailers. Wal-Mart's traffic has risen for eight quarters thanks to improved store operations and lower prices, but after rocky holiday-sales figures from Macy's Inc., Kohl's Corp. and Target Corp., investors are watching to see if Wal-Mart fared better than they did against Amazon.com Inc. In addition, a delay in income-tax refunds likely pushed some shopper spending into the following quarter, Barclays said in a research note.
Consumer Health: Wal-Mart's full-year figures will provide another data point on the health of the U.S. consumers, especially its core low- and middle-income shopper base.
Profit Pressure: Over the last two years, Wal-Mart has invested billions in e-commerce efforts, improving stores and raising wages for store employees, leading to pressure on profit margins. Wal-Mart executives have predicted flat earnings per share for the full year and a slight increase in fiscal year 2018. Rising same-store sales are "a sign that Wal-Mart's initiatives to improve the store experience and grow e-commerce are working, but unfortunately this cannot offset the cost," according to the Buckingham Research Group. It added that a lower figure this quarter will mark the 12th consecutive quarter of margin decreases.
E-Commerce Check-In: After several quarters of slowing e-commerce growth, Wal-Mart turned the tide last November. Now more change is afoot, following the company's 2016 purchase of Jet.com Inc. and appointment of its founder, Marc Lore, to lead Wal-Mart's e-commerce efforts. Mr. Lore has laid off hundreds of the company's e-commerce workers and made two small acquisitions: outdoor retailer Moosejaw and shoe retailer ShoeBuy.com. Those initiatives show that Mr. Lore is willing to create a stable of Wal-Mart brands, moving away from relying solely on its namesake website to drive online traffic.
Write to Sarah Nassauer at sarah.nassauer@wsj.com
(END) Dow Jones Newswires
February 20, 2017 06:14 ET (11:14 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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