wal-mart stores inc (WMT) Key Developments
Wal-Mart Stores Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter Ended January 31, 2015; Provides Earnings Guidance for the 13-Week Period Ending May 1, 2015 and for the First Quarter and for the Fiscal Year of 2016
Feb 19 15
Wal-Mart Stores Inc. reported unaudited consolidated earnings results for the fourth quarter ended January 31, 2015. For the quarter, the company's net sales were $130,650 million compared to $128,786 million a year ago. Total revenues were $131,565 million compared to $129,706 million a year ago. Operating income was $7,949 million compared to $7,347 million a year ago. Income from continuing operations before income taxes was $7,363 million compared to $6,793 million a year ago. Income from continuing operations was $5,188 million compared to $4,544 million a year ago. Net income was $5,188 million compared to $4,650 million a year ago. Net income attributable to Walmart was $4,966 million or $1.53 per diluted share compared to $4,431 million or $1.36 per diluted share a year ago. Income from continuing operations attributable to Walmart was $4,966 million or $1.53 per diluted share compared to $4,354 million or $1.34 per diluted share a year ago. Underlying EPS was $1.61 compared to $1.60 a year ago.
For the year, the company's net sales were $482,229 million compared to $473,076 million a year ago. Total revenues were $485,651 million compared to $476,294 million a year ago. Operating income was $27,147 million compared to $26,872 million a year ago. Income from continuing operations before income taxes was $24,799 million compared to $24,656 million a year ago. Income from continuing operations was $16,814 million compared to $16,551 million a year ago. Net income was $17,099 million compared to $16,695 million a year ago. Net income attributable to Walmart was $16,363 million or $5.05 per diluted share compared to $16,022 million or $4.88 per diluted share a year ago. Income from continuing operations attributable to Walmart was $16,182 million or $4.99 per diluted share compared to $15,918 million or $4.85 per diluted share a year ago. Net cash provided by operating activities was $28,564 million compared to $23,257 million a year ago. Payments for property and equipment was $12,174 million compared to $13,115 million a year ago. Underlying EPS was $5.07 compared to $5.11 a year ago.
The company expects full-year fiscal 2016 earnings to be $4.70 to $5.05 per share. This compares to reported earnings per share of $4.99 in fiscal 2015, which included the discrete items the company has discussed. Capital expenditure guidance was $11.6 billion to $12.9 billion. The company expects that fiscal year 2016 sales growth will be between 1% and 2%, versus the 2% to 4% provided at October investor conference.
For the 13-week period ending May 1, 2015, the company anticipates a comp sales increase of 1% to 2%. Last year's 13-week comp ended May 2, 2014, was down 8 basis points.
The company expects first quarter fiscal year 2016 earnings per share to range between $0.95 and $1.10.
Wal-Mart Stores Inc. Announces Quarterly Dividends, Payable on April 6, 2015, June 1, 2015, September 8, 2015 and January 4, 2016, Respectively
Feb 19 15
The Board of Directors of Wal-Mart Stores Inc. approved an annual cash dividend for fiscal year 2016 of $1.96 per share, an increase of 2% from the $1.92 per share paid for the last fiscal year. The fiscal year 2016 annual dividend of $1.96 per share will be paid in four quarterly installments of $0.49 per share, payable on April 6, 2015, June 1, 2015, September 8, 2015 and January 4, 2016 with the record date of March 13, 2015, May 8, 2015, August 7, 2015 and December 4, 2015, respectively.
Walmart Plans to Open Another 50 Stores Across India
Feb 19 15
Over the next five years, Walmart, which has 20 stores across India, plans to open another 50. The categories it operates in, the company official announced are $120 billion in wholesale and the total wholesale market in India is $300 billion.
Wal-Mart Stores to Invest $340 Million in Fiscal 2015 to Add Stores and Expand Operations in Canada
Feb 11 15
Wal-Mart Stores Inc. announced that it would invest about $340 million in fiscal 2015 in order to add stores and expand operations in Canada. The move is expected to generate about 5,000 jobs across Canada. The company will spend about $230 million of the amount to add 29 supercentres, including expanded stores that will add full grocery departments. This will boost its supercentre count in Canada to 309 by the year ending January 2016. The remaining amount will be utilized to expand its distribution network in Canada and its Canadian website, walmart.ca. The expansion plan is also expected to generate about 5,000 jobs across Canada, including 3,700 construction jobs, 1,000 store jobs and 300 distribution centre jobs. Walmart made an even bigger investment in 2014, spending $500 million on 35 supercenters and on improvements to the company's infrastructure. More than 7,500 jobs were generated in the process.
Wal-Mart Stores Announces Executive Changes
Feb 5 15
Wal-Mart Stores confirmed the appointment of Mark Ibbotson to the role of SVP, innovations for Walmart U.S. Ibbotson comes to Walmart's U.S. division from its Asda affiliate in the United Kingdom, where he served as chief operations officer. At Walmart U.S., he will report to another Asda veteran, COO Judith McKenna, who was promoted to her role in December. In his new role, Ibbotson will be responsible for simplifying and improving day-to-day store operations and processes while helping develop new and innovative ways to improve business. Jeff McAllister had previously served that same role.