Walmart: targets raised for current year

(CercleFinance.com) - On its quarterly earnings call, Walmart raised its targets for the current fiscal year, now anticipating adjusted EPS of between $6.
36 and $6.46, compared with $6.10 to $6.20 provided three months ago.

Likewise, the world's largest retailer now expects operating profit to increase by 7% to 7.5% at constant exchange rates, along with sales growth of about 4% to 4.5%.

In Q2 (ending July), Walmart posted adjusted EPS of $1.84, up 4% y-o-y, along with adjusted operating profit that rose by 8.1% to $7.4bn.

Sales rose by 5.7% to $161.6bn (+5.4% at constant exchange rates), in particular driven by a 24% jump in online sales, while its gross margin improved by 50bp to 24%.


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