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Wal-Mart Stores, Inc. (WMT)

  • Tue, May 19, 7:19 AM
    • Wal-Mart (NYSE:WMT) reports U.S. comparable-store sales rose 1.1% in Q1 on positive traffic.
    • Operating income in the U.S. segment fell 6.8% Y/Y as a higher level of wages was pushed across some stores.
    • International sales -6.6% Y/Y to $32.4B with F/X a significant factor. Operating income -11% to $1.2B.
    • Revenue at Sam's Club -3% to $13.9B on a 0.5%. Traffic and average ticket both slightly lower during the quarter. Operating income -10.9%.
    • E-commerce sales +17% Y/Y during the quarter.
    • Guidance: The company expects Q2 EPS of $1.06-$1.18 vs. $1.17 consensus.
    • Previously: Wal-Mart misses by $0.01, misses on revenue
    • WMT-1.29% premarket to $78.89.
  • 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
    | Comment!
  • 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.
    | Comment!
  • 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.
  • 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.
  • Fri, Feb. 6, 11:35 AM
    • Wal-Mart (WMT +0.4%) has jiggled a few ticks higher in morning action amid chatter about a spin-off of Sam's Club.
  • Wed, Jan. 21, 7:06 AM
    • Morgan Stanley downgrades Wal-Mart (NYSE:WMT) to Equalweight from Overweight.
    • WMT -0.6% premarket.
    | Comment!
  • Dec. 11, 2014, 10:03 AM
    • The S&P Retail ETF (NYSEARCA:XRT) is up 2.3% off of today's strong read on retail sales in the U.S.
    • While the big boys are holding their own - Wal-Mart (NYSE:WMT) +1.1%, Target (NYSE:TGT) +2.0%, Costco (NASDAQ:COST) +1.0% - it's the apparel chains and specialty retailers doing the heavy lifting.
    • Retail standouts: Barnes & Noble (NYSE:BKS) +3.3%, CST Brands (NYSE:CST) +3.3%, Ascena Retail (NASDAQ:ASNA) +3.2%, Williams-Sonoma (NYSE:WSM) +3.0%, Express (NYSE:EXPR) +2.9%, Stein Mart (NASDAQ:SMRT) +2.7%.
    • Previously: Retail Sales report, highlights
    | 1 Comment
  • Dec. 4, 2014, 9:06 AM
    • UBS downgrades Wal-Mart (NYSE:WMT) to Neutral from Buy after seeing shares climb over 11% in a month.
    • SA contributor Orange Peel Investments is also cautious on the Bentonville giant, calling Wal-Mart "fully valued" at current levels and noting labor turmoil could be a drag.
    • WMT -0.8% premarket to $84.25.
    | 1 Comment
  • Oct. 15, 2014, 3:34 PM
    • Wal-Mart (NYSE:WMT) issues some guidance at the tail end of its investor day presentation.
    • The forecast for FY15 sales growth is cut to 2%-3% from 3%-5%.
    • The company says capital investments will range between $11.6B to $12.9B for FY16.
    • WMT -4.2% after being down roughly 2% before the outlook revision.
  • Sep. 24, 2014, 9:03 AM
    • Green Dot (NYSE:GDOT) announces the national introduction of its GoBank checking account product at Wal-Mart (NYSE:WMT) stores.
    • The checking account will feature no fees for overdrafts and no minimum account balance requirements. A monthly direct deposit of at least $500 a month is needed to avoid a $8.95 per month service charge.
    • The requirements to open a GoBank account are expected to be less stringent than typical banking requirements which could open the door for the estimated 10M households in the U.S. without a banking account.
    • Funds will be held through the FDIC-insured Green Dot Bank.
    • GDOT +15.1% premarket
  • Aug. 14, 2014, 7:31 AM
    • Wal-Mart (NYSE:WMT) reports comparable-store sales were flat in Q2.
    • The traffic in U.S. stores was down 1.1% and the average ticket price was down by the same level.
    • Revenue for Wal-Mart International rose 3.1% to $33.9B during the period.
    • The company lowers full year EPS guidance to $4.90-$5.15 from $5.10-$5.45.
    • WMT -0.2% premarket
  • Aug. 13, 2014, 10:26 AM
    • Department store stocks are lower after Macy's misses estimates with its Q2 report and warns on consumer spending.
    • Decliners: Nordstrom (NYSE:JWN) -2.2%, Sears Holdings (NASDAQ:SHLD) -1.8%, Kohl's (NYSE:KSS) -2.7%, J.C. Penney (NYSE:JCP) -2.1%, Bon-Ton Stores (NASDAQ:BONT) -3.5%, Dillard's (NYSE:DDS) -2.2%.
    • The downward comp sales revision from Macy's and the flat reading on U.S. retail sales growth appears to be impacting big-box retailers Target (TGT -1%) and Wal-Mart (WMT -0.9%) as well.
  • Jul. 29, 2014, 7:37 AM
    • Plug Power (NASDAQ:PLUG) +11.2% premarket on news of a new hydrogen fuel cells distribution center with Wal-Mart (NYSE:WMT).
    • PLUG confirms it received a follow-on GenKey purchase order from WMT to add a seventh GenKey site to the original six-site contract it announced in February.
    • The additional site in Sterling, Ill., consists of 286 GenDrive fuel cell units and is planned to deploy in Q3 2014.
  • Jul. 28, 2014, 8:26 AM
    • Shares of Wal-Mart (NYSE:WMT) are slightly skittish in early trading as the merger between Dollar Tree and Family Dollar rips a potential option out the company's playbook.
    • The Dollar Tree-Family Dollar combination creates a retail force with more stores than Wal-Mart (significantly less square footage) with increased leverage with suppliers.
    • WMT -0.6% premarket
    | 1 Comment
  • May 15, 2014, 7:32 AM
    • Generating store traffic in the U.S. was an issue for Wal-Mart (WMT) during Q1. Traffic fell 1.4% during the period, partially offset by a 1.3% boost in the average ticket of customers. E-commerce added 30 bps to the comp during the period.
    • Inventory growth of 5% outpaced the rate the company grew sales by 430 bps.
    • Comparable-store sales growth for the Neighborhood Market format rose by close to 5%.
    • Sam's Club showed a drop in comp sales of 0.5%.
    • Walmart International was the only segment to grow profits during the quarter with a 3.4% gain in operating income to $1.20B.
    • WMT -2.8% premarket
    | Comment!
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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.