Some 75% of customers in Cowen’s rolling survey of 2,506 shoppers in September said they were satisfied with the overall shopping experience, Walmart’s highest score since June 2013 on that front. On customer service, 60% of shoppers were satisfied, the best the retailer has fared in two years. This is welcome news for the retailer as the holiday season, which is already off to a bruising start, promises to be super-competitive.
Berkshire dumped WMT shares!!!!
60 Million holding sold in July 3,643,055.00 now 56,185,293 shares
Well!!!! to be precise only 3.6million shares were reduced in July 2015 as per 13F fillings, now we are in November 4 months old records cannot be base for today's headlines
Like AMZN if WMT beats estimates remember 52weeks high was $90.97....!!
Amazon was below $600 before earnings!!
In the same period a year ago, the company earned $1.15 a share on revenue of $119 million.
Additionally, the company announced new Black Friday shopping strategies. Instead of making the event last over five days like it did last year, Wal-Mart is offering all the discounts and deals at one time.
Online deals will be offered at 3:01 a.m. Eastern time on Thanksgiving. Then at 6 p.m. Eastern time on that same day, deals will be offered in stores.
Highlights from the analysis by TheStreet Ratings Team goes as follows:
WMT's revenue growth has slightly outpaced the industry average of 3.5%. Since the same quarter one year prior, revenues slightly increased by 0.1%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
The debt-to-equity ratio is somewhat low, currently at 0.62, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Even though the company has a strong debt-to-equity ratio, the quick ratio of 0.17 is very weak and demonstrates a lack of ability to pay short-term obligations.
Reflecting the weaknesses we have cited, including the decline in the company's earnings per share, WMT has underperformed the S&P 500 Index, declining 24.57% from its price level of one year ago. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.
The change in net income from the same quarter one year ago has exceeded that of the S&P 500, but is less than that of the Food & Staples Retailing industry average. The net income has decreased by 15.1% when compared to the same quarter one year ago, dropping from $4,093.00 million to $3,475.00 million.
The change in net income from the same quarter one year ago has exceeded that of the S&P 500, but is less than that of the Food & Staples Retailing industry average. The net income has decreased by 15.1% when compared to the same quarter one year ago, dropping from $4,093.00 million to $3,475.00 million
Management has no choice adjust EBITD and show better than AMZN
The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels ETC..
Before BELL tomorrow WMT may open above that as Warren Buffets still Holds 56Million shares!
WMT international reports 50% growth in revenue and profits....New stores in China and India doing excellent business for WMT revenue growth and Income..
"China is a key strategic market for Walmart. Over the next three years wee will increase investment across our diverse business operations in China," Chief executive Doug McMillon said in a press release issued on Wednesday.
The company said it would open 115 new stores in Chinese cities such as Shanghai, Shenzhen and Wuhan between 2015 to 2017, and also plans to invest more than 370 million yuan ($59.64 million) to remodel more than 50 stores this year.