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Shares of Wal-Mart Stores Inc (NYSE:WMT) rose more than 3 percent after the retail giant’s quarterly EPS topped Street, coupled with strong growth in comps and e-commerce.
Following is a gist of Walmart’s fourth quarter results:
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- Walmart Q4 EPS $1.30 vs $1.29 Est, Revenue $130.94B vs $131.22B Est
- Q4 Ecommerce Growth up 29%,GMV up 36.1%
- Q4 U.S. comp up 1.8%, driven by a traffic increase of 1.4%
- Q4 Neighborhood Market comps up about 5.3%
- Sees Q1 2018 EPS $0.90 to $1.00 vs $0.96 Est, FY 2018 $4.20 to $4.40 vs $4.33 Est
- Sees Q1 Comp For Walmart U.S.: +1.0% to +1.5%; Sam's Club (ex. Fuel) at +1.0%
Related Link: Wal-Mart Looking To Drive Innovation With New Car Sales Program
The results of Walmart cheered retail investors after a slew of disappointing holiday sales updates from its peers due to choppy industrial backdrop. The strong results also show that Walmart’s online bets in Jet.com are now bearing fruits and effectively offset lower international sales, which were hit by currency headwinds.
“We're moving with speed to become more of a digital enterprise and better serve customers,” Doug McMillon, President and CEO, said in a press release.
Shares of Walmart closed Friday at $69.37. In the pre-market hours on Tuesday, the stock is up 3.36 percent to $71.70.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.