Business News: Walmart Guidance for Q3 Summary

Business News: Walmart Guidance for Q3 Summary

BENTONVILLE, ARWalmart Inc. raises its expectations for Walmart U.S. comp sales, excluding fuel, for the 52-week period ending Jan. 25, 2019.  Additionally, the company updates fiscal year 2019 GAAP EPS guidance and raises its fiscal year 2019 Adjusted EPS1 guidance due to the company’s performance year-to-date and outlook on the remainder of the year.  Assumptions in today’s guidance include that economic conditions, currency rates and the tax and regulatory landscape in our largest markets remain generally consistent.  Additionally, due to unpredictability in stock price fluctuations, guidance for EPS1 assumes no further change for the company’s equity investment in JD.com.

  • Comp sales, excluding fuel, at Walmart U.S.: At least 3% versus previous guidance of “about 3%”
  • Fiscal year 2019 GAAP EPS: $2.26 to $2.36 versus previous guidance of $2.65 to $2.80
  • Fiscal year 2019 Adjusted EPS1: $4.75 to $4.85 versus previous guidance of $4.65 to $4.80

This is NOT the full report/guidance.  CLICK to view to complete report.


SOURCE: news provided by NEWS.WALMART.COM