Walmart: reiterates outlook, launches new buybacks.
(CercleFinance.com) - Walmart on Tuesday maintained its guidance for the current fiscal year, citing "good momentum in the business.
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The world's largest retailer reiterated its 2018 GAAP EPS guidance range of between 4.18 dollars and 4.28 dollars, or an adjusted EPS guidance range of 4.30 dollars to 4.40 dollars.
For fiscal year 2019, the company expects EPS to increase by approximately 5% from fiscal year 2018, which will end on 31 January 2018.
The company also announced a new 20 billion dollar share repurchase program to replace its existing authorization, expecting to use the amount over approximately two years.
Walmart outlined the plans ahead of a meeting with the investment community in Bentonville, Arkansas.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
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The world's largest retailer reiterated its 2018 GAAP EPS guidance range of between 4.18 dollars and 4.28 dollars, or an adjusted EPS guidance range of 4.30 dollars to 4.40 dollars.
For fiscal year 2019, the company expects EPS to increase by approximately 5% from fiscal year 2018, which will end on 31 January 2018.
The company also announced a new 20 billion dollar share repurchase program to replace its existing authorization, expecting to use the amount over approximately two years.
Walmart outlined the plans ahead of a meeting with the investment community in Bentonville, Arkansas.
Copyright (c) 2017 CercleFinance.com. All rights reserved.