MKM Partners Releases Pre-earnings coverage on Wal-Mart - Walmart (NYSE:WMT)

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In a report released Monday, MKM Partners analyst Patrick McKeever released an earnings preview for for Wal-Mart Stores, Inc. (NYSE: WMT) second quarter 2014. Analyst at MKM predict Wal-Mart Q2 results to come in line with expectations based on the same thesis of laging traffic, investment allocation in its e-commerce segment, and higher healthcare costs. The MKM note stated guidance of relatively flat same store sales for Wal-Mart and Sams, making minimal improvement from its Q1 2014 comps of 0.01 percent. McKeever predicts a 20 basis point decrease in consolidated operating margin due to slightly higher commodity costs, and e-commerce and healthcare expenses.

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