Walmart Reports Q2 EPS of $1.18, Beats by $0.01; Raises FY EPS Guidance

Wal-Mart Stores, Inc.

today reported financial results for the quarter ended July 31, 2012. Net sales for the second quarter of fiscal 2013 were $113.5 billion, an increase of 4.5 percent from $108.6 billion in the second quarter last year. Net sales for this quarter included a negative currency exchange rate impact of approximately $2.2 billion. Without the currency impact, net sales would have been $115.7 billion. Membership and other income increased 4.7 percent to $762 million. Total revenue was $114.3 billion, an increase of 4.5 percent from last year. Income from continuing operations attributable to Walmart for the quarter was $4.0 billion, up 5.7 percent from the second quarter last year. Diluted earnings per share from continuing operations attributable to Walmart (EPS) for the second quarter of fiscal 2013 were $1.18. By comparison, last year's reported EPS were $1.09. The company had several items last year that negatively impacted the second quarter by approximately $0.03 per share. Company raises full-year EPS guidance “We take a variety of factors including sales trends, the global economy and currency into account in providing our EPS guidance. We expect third quarter fiscal 2013 diluted earnings per share from continuing operations to range between $1.04 and $1.09. This compares to last year's third quarter reported EPS of $0.97,” said Holley. “We are raising and narrowing the company's full-year EPS guidance to a range of $4.83 to $4.93. Our previous range was $4.72 to $4.92. Last year's full-year EPS was $4.54.”