Walmart: increases annual targets again

(CercleFinance.com) - On its quarterly earnings call, Walmart said that it is raising its adjusted EPS guidance for the current year again, now expecting it to fall to 6%-7% (5%-6% excluding disposals), which is better than the previous estimate of 9%-11% (8%-10% excluding disposals).


The world's largest retailer now expects around 5.5% sales growth (around 5.5% LFL for Walmart US, excluding petrol), and more than a 6.5%-7.5% decline in adjusted operating profit.

Walmart posted Q3 adjusted EPS of $1.50 and operating profit of 6.1 billion dollars (+4.6%), on sales growth of 8.7% to 152.8 billion dollars (+8.2% on a comparable basis for Walmart US, excluding petrol).

Alonside its quarterly earnings call, Walmart says that its board of directors has approved a new share buyback authorization of up to 20 billion dollars.


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