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Walmart: raises annual guidance

(CercleFinance.com) - Walmart has raised its full-year forecasts, now expecting adjusted EPS of $2.
35 to $2.43, as well as 6.5% to 8% growth at constant exchange rates for adjusted operating profit, on sales that are up by 3.75% to 4.75%.

The world's number one retailer posted Q2 (to end-July) adjusted EPS that is up 10% to $0.67, with adjusted operating profit increasing 7.2% to $7.94bn.

At $169.3bn, sales were up 4.8% (+5% at constant exchange rates), including a 4.2% rise in comparable sales for Walmart US, driven by online sales to the tune of around 3%.

Walmart also announces the appointment of Bob Moritz, a former PricewaterhouseCoopers (PwC) executive, as a new member of its Board of Directors, effective immediately.


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