Walmart (WMT)

[winston]

not vested

Walmart Stock Drops 6% as Higher Costs Weigh on Profit, Analyst Says Results 'Disappointing'

By Senad Karaahmetovic

The company reported a Q1 adjusted EPS of $1.30, down from $1.69 per share in the year-ago period, missing the consensus estimates of $1.48 per share.

Revenue came in at $141.57 billion, up 2.4% year-over-year, and above the analyst consensus of $139.09 billion.

Total U.S. comparable sales excluding gas expenses rose 4% in the quarter, while analysts were expecting a 2.26% growth. Walmart-only U.S. stores comparable sales excluding gas were up 3% in the period, topping the estimated 2%. 2-year same-store sales stack surged 9%, compared to the analyst projection of 7.66%.

The company expects an FY EPS decline of roughly 1%, compared to its previously estimated mid single-digits increase.

It also expects Walmart-only U.S. comparable sales growth of around 3.5%, excluding gas, and anticipates Q2 EPS to remain flat or grow briefly, down from its previous forecast of low to mid single-digits increase.

Goldman Sachs analyst Kate McShane expects the WMT stock “to trade lower today given the 1Q miss, along with lowered FY22 guidance.”

Stifel analyst Mark Astrachan said WMT delivered “disappointing” results.

Source: investing.com

https://www.investing.com/news/stock-ma ... SI-2826475

[winston]

not vested

Walmart on Tuesday reported quarterly earnings that missed Wall Street’s expectations by a wide margin, as the nation’s largest retailer felt pressure from rising fuel costs and higher levels of inventory.

Shares were down nearly 7% in premarket trading.

The company raised its outlook for sales this year, saying it expects net sales to increase about 4% in constant currency for the full year. It previously anticipated a 3% increase.

But Walmart also lowered profit expectations. Earnings per share for the year will decrease by about 1% compared with the mid single-digit increase it previously expected, the company projected.

In an interview with CNBC, Chief Financial Officer Brett Biggs said the significant jump in fuel prices, elevated labor costs and aggressive inventory levels weighed on the company.

He said some merchandise arrived late and other items, such as grills, plants and pool chemicals, didn’t sell due to “unseasonably cool weather in the U.S.”

Source: Phillips

[behappyalways]

Walmart Plunges After Slashing Profit Outlook, Blames Fuel/Food Costs
https://www.zerohedge.com/markets/walma ... fuel-costs

[winston]

not vested

Walmart Has a New Idea to Take on Amazon

by MICHAEL TEDDER

Introduced its membership program Walmart+ in 2020, which costs $98 a year.

Looking to cut deals with streaming services to license some of their content.

Source: The Street

https://www.thestreet.com/investing/wal ... n%2BAmazon

[behappyalways]

So this is beating earnings after adjusting earlier???

Walmart sticks with second-half outlook after earnings beat expectations
https://www.cnbc.com/2022/08/16/walmart ... -2023.html

[behappyalways]

Walmart forecast a smaller then previously forecast fall in annual profit - it now sees adjusted EPS for the year down 6%-7% versus its prior view of down 9%-11% -

Walmart Surges After Beating Expectations, Boosts Forecast, Unveils New $20BN Buyback
https://www.zerohedge.com/markets/walma ... bn-buyback

[behappyalways]

2023元宇宙大躍進 美Walmart進軍搶食大餅｜FOCUS午間新聞 20220102
https://m.youtube.com/watch?v=ld3deOAyPMM

[behappyalways]

"Great Deal Of Uncertainty": Walmart Slides On Disappointing Guidance, Forecasts 2nd Straight Annual Profit Decline
https://www.zerohedge.com/markets/great ... ght-annual

[behappyalways]

All Portland Walmart Stores To "Permanently Close" Amid Theft Wave
https://www.zerohedge.com/political/all ... theft-wave

[behappyalways]

Walmart Layoffs At Fulfillment Centers Signals Ominous Sign For Economy
https://www.zerohedge.com/markets/walma ... gn-economy