Wal-Mart churns higher after boosting operating income

 

Wal-Mart (NYSE:WMT) reports U.S. comparable-store sales increased 1.6% in FQ2 vs. +1.0% guidance and +0.9% consensus estimate.

Neighborhood Market comp +6.5%. E-commerce comparable sales +11.8%.


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Traffic was up 1.2% during the quarter to top the pace at Target.

Total operating income was 1.6% higher Y/Y to $5.275B.

RELACIONADA: Walmart reports Q2 FY17 earnings

International sales -6.6% Y/Y to $28.621B . Operating income +35% to $1.727B (+48% ex-F/X).

Revenue at Sam’s Club -1.3% to $14.543B. Traffic was -0.4%. Operating income +10% to $472M.

Management points to the eighth consecutive positive comp in the U.S. as a sign of momentum.

Guidance: The company expects FY17 EPS of $4.15 to $4.35 vs. $4.27 consensus.

Previously: Wal-Mart beats by $0.05, beats on revenue (Aug. 18)WMT+3.50% premarket to $75.40.

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