Wal-Mart Stores, Inc. (NYSE: WMT):
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Walmart reports Q4 FY 16 earnings
Fourth quarter highlights
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Diluted EPS from continuing operations was $1.43, which includes the
impact of discrete items detailed in this press release. Adjusted EPS
was $1.49.
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On a reported basis, total revenue was $129.7 billion. On a constant
currency basis, total revenue was $134.4 billion, an increase of 2.2%.
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Comp sales at Walmart U.S. were positive for the sixth consecutive
quarter, up 0.6%, driven by the fifth consecutive quarter of positive
traffic. Neighborhood Market comps increased approximately 7%.
Customer experience scores continued to strengthen.
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Walmart International net sales were $32.7 billion on a reported
basis. On a constant currency basis, net sales were $37.4 billion, an
increase of 3.3%, led by strength at Walmex and in Canada.
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Globally, on a constant currency basis, e-commerce sales and GMV
increased approximately 8%. Growth was pressured primarily by
challenges in key international markets.
Fiscal 2016 highlights
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Diluted EPS from continuing operations was $4.57, which includes
certain discrete items that impacted the fourth quarter, in addition
to other items detailed in this press release. Adjusted EPS was $4.59.
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On a reported basis, total revenue was $482.1 billion. On a constant
currency basis, total revenue was $499.4 billion, an increase of 2.8%.
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Globally, e-commerce sales on a constant currency basis increased
approximately 12% to $13.7 billion, and GMV on a constant currency
basis increased approximately 13%.
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Investments in people and technology continued, as expected. Operating
income decreased 11.2%, which includes a 290 basis point impact from
certain discrete items detailed in this press release.
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Walmart generated $27.4 billion in operating cash flow and returned
$10.4 billion to shareholders through dividends and share repurchases.
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save
money and live better - anytime and anywhere - in retail stores, online,
and through their mobile devices. Each week, nearly 260 million
customers and members visit our 11,535 stores under 72 banners in 28
countries and e-commerce websites in 11 countries. With fiscal year 2016
revenue of $482.1 billion, Walmart employs approximately 2.2 million
associates worldwide. Walmart continues to be a leader in
sustainability, corporate philanthropy and employment opportunity.
Additional information about Walmart can be found by visiting http://corporate.walmart.com
on Facebook at http://facebook.com/walmart
and on Twitter at http://twitter.com/walmart.
Along with this press release, Walmart makes available a recorded call
with executive leaders to review the business results, to provide
strategic updates and to comment on expectations for the future. We
provide that call in both audio form and in a written transcript.
Details on accessing the call are as follows:
877-523-5612 (U.S. and Canada)
201-689-8483 (other countries)
Passcode: 9256278 (Walmart)
MP3 @ stock.walmart.com
The call is archived at stock.walmart.com
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