- Wal-Mart (WMT) reports comparable store sales in the U.S. declined 0.3% during Q3. Comp sales rose at Sam's Club by 1.1% and by 3.4% at the new Neighborhood Market line of stores. E-commerce positively impacted the comp sales mark by approximately 0.2%
- Segment revenue growth: Walmart U.S. +2.4% to $67.692B; Walmart International +0.2% to $33.109B; Sam's Club +1.1% to $14.075B.
- The company plans to close 50 under-performing stores in Brazil and China which will be dilutive to EPS by $0.06.
- Guidance for Q4 EPS is lowered to $1.60-$1.70 vs. $1.69 consensus.
- WMT -0.1% premarket.