Wal-Mart hits headwinds at home and abroad in Q4

Wal-Mart (WMT) reports sales grew 2.4% in the U.S. in Q4 with comparable stores sales growth declining 0.4% for the period. Sam's Club saw a 0.1% dip for the quarter, while the Neighborhood Market store format saw comp growth of 5%.

Revenue at Walmart International rose 1.3% to $136.5B as the retail giant experienced some of the same currency headwinds as other multinationals.

The company plans to add 270-300 new Express stores after seeing good results with the initial 20. The development adds to projected capex spending for 2015 with the new forecast moving to $12.4B-$13.4B from $11.8B-$12.8B.

Q1 EPS guidance is set at $1.10-$1.20 vs. $1.24 consensus.

WMT -0.8% premarket

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  • bretdelman
    , contributor
    Comments (22) | Send Message
    Go Walmart
    21 Feb 2014, 02:08 AM Reply Like
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