Walmart reports Q3 FY17 EPS of $0.98, The company now expects full-year GAAP EPS of $4.34 to $4.49, Adjusted full-year EPS of...
November 17 2016 - 7:02AM
Business Wire
Wal-Mart Stores, Inc. (NYSE: WMT):
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20161117005632/en/
Walmart reports Q3 FY17 earnings
- Diluted EPS was $0.98. Currency
negatively impacted EPS by approximately $0.03.
- Total revenue was $118.2 billion, an
increase of 0.7%. On a constant currency basis, total revenue was
$120.3 billion, an increase of 2.5%.
- Walmart U.S. comp sales increased 1.2%,
driven by a traffic increase of 0.7%. Neighborhood Market comp
sales increased approximately 5.2%.
- Net sales at Walmart International were
$28.4 billion, a decrease of 4.8%. Excluding currency impacts, net
sales were $30.5 billion, an increase of 2.4%.
- Globally, on a constant currency basis,
e-commerce sales and GMV increased 20.6% and 16.8%, respectively,
representing continued acceleration. Excluding Yihaodian, GMV
increased 28.6%.
- Consolidated operating income decreased
10.4%. As expected, investments in people and technology, as well
as currency exchange rate fluctuations negatively impacted results.
Excluding last year’s lease accounting benefit of $156 million,
operating income decreased 7.9%.
- Year-to-date operating cash flow was
$19.6 billion and free cash flow was $12.2 billion, both
approximately $5 billion higher than last year led by improved
working capital management.
- The company returned just under $3
billion to shareholders during the quarter through dividends of
$1.5 billion and share repurchases of $1.4 billion.
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world
save money and live better - anytime and anywhere - in retail
stores, online, and through their mobile devices. Each week, nearly
260 million customers and members visit our 11,593 stores under 63
banners in 28 countries and e-commerce websites in 11 countries.
With fiscal year 2016 revenue of $482.1 billion, Walmart employs
approximately 2.4 million associates worldwide. Walmart continues
to be a leader in sustainability, corporate philanthropy and
employment opportunity. Additional information about Walmart can be
found by visiting http://corporate.walmart.com on Facebook at
http://facebook.com/walmart and on Twitter at
http://twitter.com/walmart.
Along with this press release, Walmart makes available a
recorded call with executive leaders and a financial presentation
to review the business results, provide strategic updates, and
comment on expectations for the future. We provide that call in
both audio form and in a written transcript. Details on accessing
the call are as follows:
877-523-5612 (U.S. and Canada)201-689-8483 (other
countries)Passcode: 9256278 (Walmart)MP3 @ stock.walmart.comThe
call is archived at stock.walmart.com
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version on businesswire.com: http://www.businesswire.com/news/home/20161117005632/en/
Wal-Mart Stores, Inc.Investor Relations:Steve Schmitt,
479-258-7172orMedia Relations:Randy Hargrove, 800-331-0085
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