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Wal-Mart Stores, Inc. (WMT)

  • Thu, Mar. 12, 9:47 AM
    • Shares of Dollar Tree (DLTR +1.6%), Target (TGT +1.1%), Wal-Mart (WMT +1.1%), Fred's (FRED +1.1%), and Five Below (FIVE +1.6%) are picking up steam after Dollar General's (DG +2.7%) quarterly reports shows some broad strength across categories.
    • Despite the headline miss on U.S. retail sales earlier, the S&P Retail (NYSEARCA:XRT) is up 1.12% to outpace the S&P 500.
    • Analysts think lower-income consumer spending is gaining momentum based on the most recent reads from discounters such as Dollar General.
    • Previously: New buybacks and store growth on tap for Dollar General
    | Thu, Mar. 12, 9:47 AM | Comment!
  • Fri, Mar. 6, 8:03 AM
    • A light bulb has gone off with some large retail chains such as Wal-Mart (NYSE:WMT) and TJX Companies (NYSE:TJX) which have hiked low-level wages in order to improve employee retention rates.
    • The math as compiled by Bloomberg is pretty compelling: The average retail sales worker makes $21,140 a year, while it costs $3,400 in training costs to replace them. At a high turnover rate it becomes more economical to lift wages.
    • The development is interesting to economists pondering the future impact of Wal-Mart's (10% of all retail sales in the U.S.) new wage structure on U.S. unemployment rates.
    • Related stocks: YUM, MCD, KR, TGT, SHLD, HD, WBA, LOW, GPS, JCP, BLMN.
    | Fri, Mar. 6, 8:03 AM | 61 Comments
  • Wed, Mar. 4, 11:26 AM
    • Target (TGT +0.1%) trades higher as investors digest the information the company unveiled at its investor meeting late yesterday.
    • Though the headline items were the thousands of job cuts announced and FY16 EPS guidance, it's Target's shift in philosophy which may emerge as the biggest pullaway for investors.
    • "We recognize that we are talking about a significant cultural change, but it's driven by what the consumers want and expect from Target," said CEO Brian Cornell at the event.
    • Just 7 weeks after announcing a full exit from Canada, Target now calls digital its top priority in the U.S.
    • Janney Capital Markets thinks the +40% growth target for Target's digital business is a reach.
    • Piper Jaffray boosted its price target on TGT to $86.
    • Morgan Stanley sticks with a Positive stance on the company.
    • Some analysts think Target's digital scale is formidable enough to put some pricing pressure on Best Buy (NYSE:BBY), Amazon (NASDAQ:AMZN), Staples (NASDAQ:SPLS), and Wal-Mart (NYSE:WMT).
    | Wed, Mar. 4, 11:26 AM | 9 Comments
  • Fri, Feb. 27, 11:31 AM
    • Factset has compiled a list of the most popular holdings of hedge funds at the end of Q4 and which stocks fell in or out of favor within the group.
    • Overall, hedge funds increased their positions in the top 50 holdings during the quarter by 1%.
    • Top 50 hedge fund consumer staples/discretionary stocks showing an increase: Family Dollar (NYSE:FDO) +1.3%, PepsiCo (NYSE:PEP) +20.3%, Priceline Group (NASDAQ:PCLN) +24.2%, Delta Air Lines (NYSE:DAL) +15.3%.
    • Top 50 hedge fund consumer staples/discretionary stocks showing a decrease: Mastercard (NYSE:MA) -4.2%, Walgreen Boots Alliance (NASDAQ:WBA) -1.3%, Dollar General (NYSE:DG) -11.6%, Mondelez International (NASDAQ:MDLZ) -0.9%.
    • Another way to look at the list is to examine which stocks are missing. Coca-Cola (NYSE:KO), Wal-Mart (NYSE:WMT), and Procter & Gamble (NYSE:PG) are in that club.
    • Factset's hedge fund ownership report (.pdf)
    | Fri, Feb. 27, 11:31 AM | 16 Comments
  • Tue, Feb. 24, 7:01 AM
    • Wal-Mart de Mexico (NYSE:WMT) CFO Rafael Matute plans to retire in July to be replaced by insider Pedro Farah.
    • The company replaced its CEO last month.
    • Wal-Mart de Mexico grew revenue 4.3% in Q4 and boosted EBITDA by 17.2%.
    • Wal-Mart de Mexico Q4 results (.pdf)
    | Tue, Feb. 24, 7:01 AM | Comment!
  • Mon, Feb. 23, 7:22 AM
    • Wal-Mart (NYSE:WMT) plans to scrap a one-day waiting for employee sick pay to kick in as part of a broad benefits retooling.
    • Last week, the retailer announced a phasing in of minimum wage increases.
    • WMT -0.3% premarket and -2.6% since Q4 earnings were released.
    | Mon, Feb. 23, 7:22 AM | Comment!
  • Fri, Feb. 20, 7:22 AM
    • Investments being made to improve the Wal-Mart (NYSE:WMT) shopping experience could take years and are unlikely to pay dividends in the near-term, says Barclays, cutting to Equal Weight from Overweight.
    • The company's Q4 looked good thanks to lower gasoline prices and easy weather comps, a benefit not likely to be seen next year.
    • Shares -0.3% premarket after yesterday's 3.2% slide.
    | Fri, Feb. 20, 7:22 AM | 2 Comments
  • Fri, Feb. 20, 6:17 AM
    • After years of widespread criticism over its low pay structure and increasing reliance on part-time workers, Wal-Mart (NYSE:WMT) is raising the minimum wage for all of its U.S. workers to $9 an hour by April and at least $10 by next February.
    • After the pay increases, the average full-time hourly wage at the retailer will be $13, while the average part-time hourly wage will be $10.
    • WMT -0.3% premarket
    | Fri, Feb. 20, 6:17 AM | 7 Comments
  • Thu, Feb. 19, 9:07 AM
    • A quick read by retail analysts on Wal-Mart's (NYSE:WMT) Q4 earnings report and guidance for FY16 is focused on the company's commitment to e-commerce initiatives which appears to be as strong (or costly) as ever.
    • Additional investment on global e-commerce initiatives is expected to lop off $0.06-$0.09 per share from earnings this fiscal year.
    • The e-commerce spend is also a significant portion of Wal-Mart's guide for $11.6B-$12.9B in capex spending this year.
    • As for bang for the buck, e-commerce added 30 bps to the Wal-Mart U.S. comp and 40 bps to the Sam's Club U.S. comp in Q4.
    • Previously: Wal-Mart beats by $0.07, misses on revenue
    • Previously: U.S. comps improve at Wal-Mart in Q4; guidance light
    • WMT -1.5% premarket, while Amazon is +0.2% seemingly unperturbed by Wal-Mart's prodigious e-commerce spend.
    | Thu, Feb. 19, 9:07 AM | Comment!
  • Thu, Feb. 19, 9:01 AM
    • Wal-Mart (NYSE:WMT) declares $1.96/share annual dividend, (payable in 4 installments) 2.1% increase from prior dividend of $1.92.
    • Forward yield 2.27%
    • $0.49 payable April 6; for shareholders of record March 13; ex-div March 11.
    • $0.49 payable June 1; for shareholders of record May 8; ex-div May 6.
    • $0.49 payable Sep 8; for shareholders of record Aug 7; ex-div Aug 5.
    • $0.49 payable Jan 4; for shareholders of record Dec 4; ex-div Dec 2.
    | Thu, Feb. 19, 9:01 AM | 16 Comments
  • Thu, Feb. 19, 8:48 AM
    • Wal-Mart (NYSE:WMT) reports U.S. comparable-store sales rose 1.5% in Q4, up 100 bps Q/Q and 190 Y/Y.
    • The U.S. comp at Sam's Club was up 2.0%, while sales at Neighborhood Market grew briskly again with a 7.7% comp.
    • International sales -3.9% Y/Y to $36.205B as F/X dragged.
    • Revenue at Sam's Club +1.3% to $14.874B on a 0.5% increase in average ticket.
    • E-commerce sales +22% Y/Y during the quarter.
    • Segment operating income growth: Wal-Mart U.S. -0.6%, Wal-Mart International +66.4% , Sam's Club +29.1%.
    • Guidance: The company expects FY16 EPS of $4.70-$5.05 vs. $4.99 consensus after factoring in F/X headwinds and a new wage structure change that will see associates make at least $10 per hour. Q1 EPS pegged at $0.95-$1.10 vs. $1.14 expected.
    • Previously: Wal-Mart beats by $0.07, misses on revenue (Feb. 19 2015)
    • WMT -1.5% premarket.
    | Thu, Feb. 19, 8:48 AM | 6 Comments
  • Thu, Feb. 19, 8:34 AM
    • Wal-Mart (NYSE:WMT): Q4 EPS of $1.61 beats by $0.07.
    • Revenue of $131.56B (+1.4% Y/Y) misses by $800M.
    • Shares -0.34% PM.
    • Press Release
    | Thu, Feb. 19, 8:34 AM | 6 Comments
  • Wed, Feb. 18, 5:30 PM
  • Wed, Feb. 18, 12:34 PM
    • Wal-Mart (WMT -0.3%) investors could benefit from a breakup, according to new analysis from Credit Suisse.
    • A spin-off of Sam's Club, the Brazilian business, and Asian operations could free each to pursue different strategies - while investors might see more cash available for dividends and buybacks.
    • Wal-Mart U.S. by itself would still be the largest retailer in the world.
    • A spin-off strategy would require the nod from the Walton family that controls a fair chunk of the voting shares.
    • Wal-Mart reports Q4 earnings before the bell tomorrow.
    • Bloomberg video
    | Wed, Feb. 18, 12:34 PM | 8 Comments
  • Thu, Feb. 12, 11:22 AM
    | Thu, Feb. 12, 11:22 AM | Comment!
  • Wed, Feb. 11, 7:42 AM
    • Wal-Mart (NYSE:WMT) plans to invest 340M Canadian dollars ($269M) to build 29 new supercenters in Canada and expand its distribution network.
    • The company expects the new stores to be finished by January 31, 2016.
    • Expansion in Canada was painful for both Target and Sears Holdings, although that was due in part to Wal-Mart superior distribution efficiency in the region.
    • WMT -0.7% premarket.
    | Wed, Feb. 11, 7:42 AM | 7 Comments
Company Description
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.