Wal-Mart execs in the spotlight at investment meeting

Oct. 06, 2016 7:48 AM ETWalmart Inc. (WMT)WMTBy: Clark Schultz, SA News Editor
  • Wal-Mart (NYSE:WMT) backs prior guidance ahead of its Investment Community Meeting today. FY17 EPS of $4.15 to $4.35 is expected vs. $4.33 consensus.
  • The company also highlights a number of areas in which it plans to sharpen its focus, including expense management, e-commerce growth, and stability in key international markets.
  • Looking ahead, Wal-Mart sees capex spending of $11.0B in both FY17 and FY18. The company projects store unit growth of 331 to 351 in FY17 and 249 to 279 in FY18.
  • The actual presentation by Wal-Mart execs starts at 7:00 AM Eastern. Updates will be posted on Seeking Alpha News.
  • Shares of Wal-Mart are down 0.56% in premarket action.

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