What To Expect From Wal-Mart’s Earnings
Wal-Mart (NYSE:WMT) is scheduled to report its first quarter fiscal 2017 results on Thursday, May 19. In the previous quarter, revenue declined 1.4% year-over-year (y-o-y) to $129.7 billion, influenced by the strong dollar. On a constant currency basis, revenue reflected an improvement of 2.2 % y-o-y to $134.4 billion in the same quarter. The retail giant’s operating income dropped 16.4% y-0-y to $6.6 billion, while adjusted earnings per share declined to $1.49 compared to $1.61 in the comparable quarter.
Going forward, Wal-Mart expects its fiscal year 2017 net sales to remain relatively flat, compared to previous growth estimates of 3-4% on a constant currency basis. This is attributable to the impact of the recently announced closure of 269 stores as well as the continuing impact of the strengthening U.S. dollar.
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Notes:
1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Wal-Mart
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