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Nov. 16, 2021, 7:26 a.m. EST

Walmart raises full-year earnings guidance

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By Tonya Garcia

Walmart Inc. /zigman2/quotes/207374728/composite WMT -1.75% stock rose 2.2% in Tuesday premarket trading after the retail giant raised its full-year earnings guidance, the third consecutive quarter it has done so. Net income totaled $3.11 billion, or $1.11 per share, down from $5.14 billion, or $1.80 per share, last year. Adjusted EPS of $1.45 beat the FactSet consensus for $1.40. Revenue of $140.53 billion was up from $134.71 billion last year and also beat the FactSet consensus of $135.43 billion. U.S. e-commerce sales were up 8% year-over-year, and have grown 87% on a two-year basis. Walmart international sales fell 20.1% to $23.6 billion, impacted by divestitures. U.S. comparable sales excluding fuel grew 9.2%, ahead of the FactSet consensus for 6.4% growth. U.S. inventory is up 11.5% ahead of the holidays. Walmart is one of the large retailers that has chartered its own ships to get around supply chain bottlenecks. Walmart expects full-year EPS of $5.00, adjusted EPS of $6.40, up from previous guidance of $6.20 to $6.35 and U.S. comp sales growth excluding fuel of 6%. The FactSet consensus is for EPS of $6.34 and U.S. comp sales growth of 0.8%. Walmart stock is up nearly 2% for the year to date while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.51% has gained nearly 18% for the period.

/zigman2/quotes/207374728/composite
US : U.S.: NYSE
$ 142.52
-2.54 -1.75%
Volume: 7.04M
Jan. 18, 2022 4:00p
P/E Ratio
49.91
Dividend Yield
1.54%
Market Cap
$402.38 billion
Rev. per Employee
$248,679
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
35,368.47
-543.34 -1.51%
Volume: 427.26M
Jan. 18, 2022 4:56p
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