Walmart: Q2 beats consensus
(CercleFinance.com) - Walmart reports Q2 adjusted EPS that is down 1.
5% at 1.27 dollar, albeit still beating the consensus by five cents, while its operating profit is down 2.9% at 5.6 billion dollars.
Revenues increased by 1.8% to 130.4 billion dollars (+2.9% excluding currency effects), including a 2.8% increase in sales on a comparable basis for the Walmart brand in the United States, driven by a 37% jump in Internet sales.
The US supermarket giant has raised its full-year targets, now anticipating adjusted EPS to be "slightly higher" or "slightly lower" than last year.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
5% at 1.27 dollar, albeit still beating the consensus by five cents, while its operating profit is down 2.9% at 5.6 billion dollars.
Revenues increased by 1.8% to 130.4 billion dollars (+2.9% excluding currency effects), including a 2.8% increase in sales on a comparable basis for the Walmart brand in the United States, driven by a 37% jump in Internet sales.
The US supermarket giant has raised its full-year targets, now anticipating adjusted EPS to be "slightly higher" or "slightly lower" than last year.
Copyright (c) 2019 CercleFinance.com. All rights reserved.