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Feb. 21, 2014, 8:39 AM| Feb. 21, 2014, 8:39 AM | 4 Comments
Feb. 20, 2014, 12:07 PM
- Wal-Mart (WMT -1.9%) didn't duck discussing the headwinds it faces on a variety of fronts during its earnings call. Uneven consumer confidence, higher health care costs, and currency challenges are all immediate factors which will affect Q1 and 2014 results. The net result is that operating income is expected to grow slower than sales.
- Execs say the company views opening smaller-format stores as the best way to expand as acquisitions take a back seat (take note Family Dollar (FDO) investors).
- An online grocery deliver test in Denver went very well. There are hints that the service could be expanded to new regions.
- E-commerce appears to be a bigger focus of new CEO Doug McMillon than his predecessor. The company will add $0.02-$0.04/share in global e-commerce investment this year on top of last year's spend of $0.11/share.
- Earnings call transcript
Feb. 20, 2014, 7:18 AM
- 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
Feb. 20, 2014, 7:05 AM
- Wal-Mart (WMT) plans to expand the number of Superama stores in Mexico that will offer same-day grocery delivery by 300% during the second half of this year after seeing positive initial results with the program.
- The Superama grocery store chain has worked out the kinks in its delivery system to offer customers deliveries in as fast as three hours.
Feb. 20, 2014, 7:03 AM
- Wal-Mart Stores, Inc. (WMT): Q4 EPS of $1.60 beats by $0.01.
- Revenue of $129.7B (+2.0% Y/Y) misses by $740M.
Feb. 20, 2014, 12:05 AM
Feb. 19, 2014, 5:30 PM| Feb. 19, 2014, 5:30 PM | 3 Comments
Feb. 19, 2014, 9:41 AM
- Shares of Family Dollar (FDO +1.2%) open with some vigor after a note from Credit Suisse to investors suggests Wal-Mart (WMT -1.1%) should consider making a run at the company to drive its small-store format into hyper-drive.
- CNBC reports no acquisition talks between the retailers have actually taken place.
Feb. 14, 2014, 9:31 AM
- Russian retailer Lenta sets a price range of $9.50 to $11.50 per ADR for its IPO in London.
- The pricing gives Lenta a valuation of $4.09B to $4.95B.
- The company operates 77 large hypermarkets in Russia and is looking to expand aggressively.
- At one time, Wal-Mart (WMT) wanted to buy Lenta to take hold of Russian markets.
Feb. 11, 2014, 9:35 AM
- ICSC attributes the weekly dip in retail sales to weather patterns, but a few bright spots did emerge.
- Despite slow traffic patterns, categories which showed strength included wholesale clubs (WMT, COST, PSMT) and furniture stores (LZB, ETH, HVT, PIR, BBBY)
- For the full month, the research group sees monthly comparable-store sales growth of between 3.0% and 3.5%. That mark reps solid sales growth for the period compared to prior forecasts, although ICSC warns the figure could change again with the weather.
- Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, FDIS, PMR, UGE, RCD, SZK, PEZ, PSCD
- ICSC PR
Feb. 6, 2014, 11:45 AM
- Wolfe Research initiates coverage on Wal-Mart (WMT -0.1%) with an Underperform rating.
- The boutique research firm has a reputation for having a decent read on Wal-Mart's sales trends. In a recent statement, analyst Scott Mushkin said the retailing giant has lost some of its pricing advantage in the U.S.
Feb. 4, 2014, 6:57 AM
Feb. 3, 2014, 6:57 AM
Feb. 1, 2014, 10:40 AM
- Doug McMillon officially takes over the CEO reins at Wal-Mart (WMT) today with the retailing giant swimming with challenges for the C-suite.
- The new farm bill passed by Congress cuts food stamps by a moderate amount after the company had already cited lowered government assistance in the program as a factor in sales running below expectations in Q4.
- Despite the Q4 hit, Wal-Mart USA CEO Bill Simon thinks the development could help drive traffic in the future if consumers focus on the company's pricing advantage compared to grocery stores.
- On the international front, the growth track in Brazil and China remains choppy. Execs will have to decide if they will trim stores in the regions or double down.
- What to watch: McMillon is a proponent of the small-store Wal-Mart Neighborhood Market format in the U.S. The rollout could accelerate in 2014.
Jan. 31, 2014, 11:21 AM
- Shares of Wal-Mart (WMT -0.1%) have recovered nicely from an early dip and are now outpacing the S&P 500 despite a cut in Q4 guidance.
- Though the same what-me-worry attitude is being seen with Target (TGT -0.7%) and the dollar store group (FDO, DG, DLTR, FIVE), some retail analysts think the company's shortfall points to a larger issue than just winter storms.
- Public policy changes regarding food stamps and unemployment benefits won't go away when the sun melts the snow, they note.
Jan. 31, 2014, 8:12 AM
- Wal-Mart (WMT) says for the 14 weeks ending January 31 that it expects to report slightly negative comp sales growth for both Wal-Mart U.S. and Sams Club.
- The company says the large number of winter storms and a reduction in the U.S. government Supplemental Nutrition Assistance Program contributed to the sales decline.
- WMT -1.4% premarket
Wal-Mart Stores Inc operates retail stores in various formats under various banners. Its operations comprise of three reportable business segments, Walmart U.S., Walmart International and Sam's Club in three categories retail, wholesale and others.
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