Walmart (WMT) Earnings Review

Earnings Review Third Quarter of Fiscal Year 2014 (3QFY14) Walmart Save money. Live better. ** Walmart beat analysts' estimates for earnings by over 1% in 3QFY14. Its stock price, however, hasn't shown any significant change since the release of its quarterly results. The company has also lowered its EPS guidance for the full year FY14 to $5.11-5.21 from the previous $5.1-5.3. Two factors forced the company to revise its earnings estimates: Firstly, it plans on closing 50 underperforming stores in Brazil and China, which will impact its diluted EPS by $0.06. Secondly, it has also decided to end its franchising agreement with Bharti Retail, which is expected to impact earnings by $0.04 per share. The company's FCPA and compliance-related expenses were $69 million, lower than its guidance of $75-80 million. YoY Change in 3QFY14 Results 3QFY14 Analysts' Estimates for 3QFY14 $116.8bn Sales 1.7% $115.7bn Diluted EPS 6.5% $1.14 $1.13 $6.3bn Operating Income 3.6% $1.7bn • $1.5 bn Share Repurchase • Dividends Nine months Nine months ending 3QFY14 ending 3QFY13 Free Cash $3.8bn $7bn Flows Company Guidance for 4QFY14 Analysts' Estimates for 4QFY14 ЕPS $1.5- $1.6 $1.66 $75-80m FCPA matters* *Legal fees and other charges incurred as part of the ongoing investigations. Growth in e-commerce remained strong, driven by the acquisition of Yihaodian in China. E-commerce sales grew by 40%, with 20% of the increase attributable to Yihaodian. SOURCES: Company data; annual reports and SEC filings, Bidness Etc estimates, sell side estimates BIDNESS etc. DISCLAIMER: Bidness Etc(TM) and related marks are owned by Bidness Etc. Any other trademarks appearing on this website are the property of their respective owners, and are not used to indicate the origin of goods or services offered or provided by Bidness Etc herein or to suggest approval for or affiliation with Bidness Etc.