Wal-Mart Stores Inc Strong E-Commerce Growth Drives Q1 Profit Beat

Lynette Rowe
May 19, 2017

What's more, it's using e-commerce to try to direct more shoppers to stores to generate sales there while also protecting margins: Walmart recently started offering discounts for orders placed online but picked up in store, which saves shipping costs. Pinnacle Advisory Group Inc. purchased a new stake in Wal-Mart Stores during the third quarter worth approximately $248,000.

Solid gains in phone companies and some retailers pushed US stock indexes modestly higher on Wall Street, recouping some of the ground they lost a day earlier. Wal-Mart had warned in 2015 that stepped-up investments in stores and in its employees would hurt profits. Following the transaction, the insider now directly owns 6,748,580 shares of the company's stock, valued at $476,044,833.20. Wal-Mart's shares added $1.70 to $76.82. On a per-share basis, it earned $1. Hedge funds and other institutional investors own 29.69% of the company's stock.

The average amount each USA shopper spent per trip declined slightly, down 0.1% "primarily due to lower sales of higher ticket items at the beginning of the quarter, as well as continued price investment", said Wal-Mart chief financial officer Brett Biggs in a conference call.

The stock increased 0.01% or $0.01 during the last trading session, hitting $75.00.

Earlier in the day, shares of Wal-Mart rose to $77.40 - a 52-week high. The stock now has a Market Cap of $4.75B.

Wal-Mart Stores Inc (NYSE:WMT) reported Q1 18 earnings this Morning, coming in at $1.00 per share, beating Wall Street's estimates of $0.96 per Share.

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Walmart issued second-quarter guidance of EPS of $1 to $1.08, excluding an estimated net benefit of about 5 cents from the sale of Suburbia, the company's apparel format in Mexico. Total revenue increased 1.4%, to $117.54 billion, slightly short of the $117.74 billion forecast by analysts, mostly due to the impact of a stronger dollar overseas.

Wal-Mart Stores (NYSE:WMT) last issued its quarterly earnings data on Tuesday, February 21st.

The company reported an impressive total revenue of 485.87 Billion in the last fiscal year. (NASDAQ: ROST) to post quarterly earnings at $0.8 per share on revenue of $3.27 billion after the closing bell.

Wal-Mart Stores Inc shares rose $0.58 (+0.77%) in premarket trading Thursday. Stockholders of record on Friday, December 8th will be paid a $0.51 dividend. Diluted EPS came to $1, a 2 percent increase from previous year. The ex-dividend date is Wednesday, December 6th. The list of US products - which include health tablets and moisturizers - will expand to 700 items this year, said Wal-Mart spokesman Rebecca Lui. Wal-Mart received a patent in March for drones that could transport products between departments in stores. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of global trademark & copyright law. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/05/18/wal-mart-stores-inc-wmt-announces-earnings-results.html.

A number of analysts have commented on the company. Finally, Wells Fargo & Co began coverage on shares of Wal-Mart Stores in a report on Wednesday, January 25th. They now have a $63.00 price target on the retailer's stock. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wal-Mart Stores, Inc. with MarketBeat.com's FREE daily email newsletter. Vetr lowered shares of Wal-Mart Stores from a "buy" rating to a "hold" rating and set a $79.40 target price on the stock.in a research report on Monday, May 8th.

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