Walmart sees fiscal year 2018 adjusted earnings per share of $4.38 to $4.46.
- Walmart beat on both the top and bottom lines.
- Same-store sales rose for a 13th consecutive quarter.
- The retailer raised its fiscal year 2018 adjusted earnings per share guidance.
Walmart on Thursday reported third-quarter adjusted earnings and revenue that topped Wall Street estimates, boosted by continued growth from its e-commerce platform.
The big-box retailer earned an adjusted $1 per share, edging out the $0.98 that Wall Street was expecting. Revenue came in at $123.18 billion, easily beating the $121 billion that was expected.
America's largest brick-and-mortar retailer said US comparable-store sales rose 2.7% versus a year ago, making for the 13th straight quarter with positive results.
"We have momentum, and it's encouraging to see customers responding to our store and eCommerce initiatives," Walmart President and CEO Doug McMillon said in the earnings release. "We are leveraging our unique assets to save customers time and money and serve them in ways that are easy, fast, friendly and fun."
The retailer saw about an 80 basis points boost to segment comp sales growth from its eCommerce platform said the impact from hurricanes benefited comp sales by "approximately 30-50 basis points." It also noted strong performance in its food categories.
Walmart sees fiscal year 2018 adjusted earnings per share of $4.38 to $4.46. It previously saw 2018 adjusted EPS of $4.30 to $4.40.
Shares are trading higher by 3.33% at $92.852 in pre-market action. They've gained nearly 35% this year.
Walmart sees fiscal year 2018 adjusted earnings per share of $4.38 to $4.46. Read Full Story
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