Walmarts first-quarter earnings topped analysts’ expectations

[dukkha]

almart on Thursday reported first-quarter earnings that topped analysts’ expectations despite a recent string of investments weighing on margins.

The world’s largest retailer said the results put it in a “good position” to achieve its full-year goals, even though it will face tougher comparisons during the second quarter because of weather-related benefits it reaped in 2018.

Walmart’s investments — in its supply chain, grocery business and website — appear to be paying off, as sales continue to climb. And its e-commerce revenues are rising at a rapid pace compared with the industry. Still, first-quarter sales fell short of expectations, hurt by currency, which dragged on its overseas business.

Walmart shares rose 3% in premarket trading.

Here’s what Walmart reported compared with what analysts were expecting, based on Refinitiv data:

* Earnings per share: $1.13, adjusted, vs. $1.02 expected
* Revenue: $123.93 billion vs. $125.03 billion expected
* U.S. same-store sales: growth of 3.4% vs. increase of 3.3% expected

Walmart has been pouring money into new technology that helps it fulfill online orders faster, grow its massive grocery business, stock shelves with merchandise and even train its employees. Competing with Amazon online, Walmart just this week announced it is starting to roll out next-day delivery across the country for more than 200,000 items, though it didn’t disclose exactly how much money it will be spending to do that. That was after Amazon said on April 25 it will be making free, one-day shipping a new perk for Prime members.

“We’re continuing our transformation to become more of a digital enterprise,” Walmart CEO Doug McMillon said Thursday in a statement.

E-commerce sales grew 37%, boosted by its home and fashion businesses, Walmart said. That was better than online sales growth of 33% a year earlier, but moderated from a 43% increase during the holiday quarter.

Net sales in the U.S. climbed 3.3%, while Sam’s Club sales were up 1.5%, but international sales tumbled 4.9%, Walmart said. On a constant currency basis, net sales overseas were up 1.2%.

Sales at Walmart stores in the U.S. open for at least 12 months were up 3.4%, the best growth of that metric during the first quarter in nine years, Walmart said. Analysts were calling for growth of 3.3%. Walmart said transactions were up 1.1%, and the average ticket increased 2.3% at its U.S. stores.
https://www.cnbc.com/2019/05/16/walm...scal-2020.html

[dukkha]

big nationwide retail chain and first quarter US sales were a record

[dukkha]

Dow jumps 250 points after strong Walmart and Cisco earnings
https://www.cnbc.com/2019/05/16/futu...ns-return.html
tocks rose on Thursday as investors weigh strong earnings from Walmart and Cisco Systems against lingering trade-war fears.

The Dow Jones Industrial Average traded 254 points higher as Walmart and Cisco outperformed. The S&P 500 gained 1.2% while the Nasdaq Composite advanced 1.4%. Both the S&P 500 and Nasdaq also erased their losses for the week.

Walmart shares rose 3.5% after the retailer posted first-quarter earnings that topped analyst expectations. The company also said it is in a “good position ” to meet its goals for 2019 despite tough comparisons for the second quarter.

Cisco Systems also reported better-than-expected quarterly earnings, sending its stock up 5.4%. T

[Legion]

Bad news for DEMOCRATS.

[dukkha]

25,945.39 DOW

and now this is priced in with an ongoing trade war

[Legion]

25,945.39 DOW

and now this is priced in with an ongoing trade war

DEMOCRATS don't seem anxious to discuss this apparent anomaly, do they?

[dukkha]

Year to date, the Nasdaq is up about 18%. The S&P 500 has gained about 14%, while the Dow Jones industrials has moved up about 10%
~~

Now if WORTHLESS CONGRESS would ratify NAFTA2 -we'd be off to the races, China policy or not.
NAFTA trade for agriculture would help bring China around as well

But the WORTHLESS DEMOCRATS don't give a damn about the USA -just more BS INVESTIGATIONS

[reagansghost]

Wal Mart caters to low income whites like you, more of y'all

wow

[dukkha]

Wal Mart caters to low income whites like you, more of y'all

wow

they are moving their business model to be more competitive with Amazon.

I shop there enough - I go where my money goes furthest and there are much more then
"smelly Walmart people" (Strzok) - in fact many employees are black and Hispanic as well..

They are getting decent wages now, and funding for education etc.

[volsrock]

Wal Mart caters to low income whites like you, more of y'all

wow

This coming from a low life that gets food from Save A lot and has a Rent A Center computer