Stock Monitor: Dollar Tree Post Earnings Reporting
LONDON, UK / ACCESSWIRE / June 13, 2018 / If you want access to our free earnings report on Walmart Inc. (NYSE: WMT), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=WMT. On May 17, 2018, Walmart reported financial results for the first quarter of 2019 ending April 30, 2018. The Company surpassed analysts' estimates for earnings as well as revenue in Q1 FY19. Register today and get access to over 1,000 Free Research Reports by joining our site below:
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Earnings Highlights and Summary
Walmart's total revenues reached $122.69 billion for Q1 FY19, reflecting an increase of 4.38% from $117.54 billion in Q1 FY18. The reported revenue number exceeded analysts' consensus estimates by $2.19 billion. On a constant currency basis, Walmart had consolidated revenue of $120.72 billion, up 2.7% on a y-o-y basis.
In the quarter under review, Walmart's net sales jumped 4.38% to $121.63 billion on a y-o-y basis, while membership and other income advanced 4.33% to $1.06 billion on a y-o-y basis.
During Q1 FY19, Walmart&'s cost of sales was $91.71 billion, 4.58% higher than $87.69 billion in Q1 FY18. The Company incurred operating, selling, general, and administrative expenses of $25.83 billion in the reported quarter, an increase of 4.92% from $24.62 billion in the previous year&'s comparable quarter. However, Walmart&'s operating income descended 1.58% to $5.15 billion in Q1 FY19 from $5.24 billion in Q1 FY18.
Walmart reported a net income of $2.13 billion for the quarter ending April 30, 2018, a decrease of 29.78% from $3.04 billion in the same period in the previous year. The Company’s diluted earnings per share (DEPS) also fell 28% to $0.72 in the reported quarter from $1 in the year-ago same quarter. The reported earnings included unrealized losses on JD.com investment and adjustment to provisional amount for Tax Reform. Walmart&'s adjusted DEPS, excluding these non-recurring items, was $1.14 in Q1 FY19, up 14% from $1 in Q1 FY18. This exceeded analysts&'; consensus estimates by $0.01 per share.
Walmart&'s Segment Details
During Q1 FY19, the US segment’s net revenues were $77.75 billion, up 3.06% on a y-o-y basis. This segment had an operating income of $3.93 billion in Q1 FY19 compared to $4.05 billion in Q1 FY18; reflecting a decrease of 3.08%. In the reported quarter, Walmart US comp sales increased 2.10%, and comp traffic increased 0.80%.
The International segment reported revenues of $30.26 billion in Q1 FY19, an increment of 11.67% from prior-year&'s corresponding quarter. This segment had operating income of $1.27 billion in the quarter under review, up 11.06% from $1.14 billion in the previous year&'s comparable quarter.
For Q1 FY19, Sam&';s club segment generated revenues of $13.62 billion, 2.65% lower than $13.99 billion in Q1 FY18. This segment had an operating income of $325 million in Q1 FY19, a decrease of 18.55% from $399 million in Q1 FY18. In Q1 FY19, Sam's Club comp sale increased 3.80% led by comp traffic growth of 5.60%.
Walmart had cash and cash equivalents of $7.89 billion as on April 30, 2018 an increase of 20.47% from $6.55 billion as on April 30, 2017. The Company had a long-term debt of $29.48 billion as on April 30, 2018, 12.72% lower than $33.77 billion as on April 30, 2017.
Walmart’s net cash flow from operating activities for the three months ending April 30, 2018, was $5.16 billion 4.16% lower than $5.39 billion for the same period last year. The Company had a free cash flow of $3.34 billion in Q1 FY19; a decrease of 1.53% from $3.40 billion in Q1 FY18.
Walmart spent $1.82 billion on purchases of property and equipment in Q1 FY19 compared to $1.99 billion in Q1 FY18 reflecting a decrease of 8.64%.
Walmart paid $1.53 billion in dividends in Q1 FY19 compared to $1.55 billion in Q1 FY18. The Company spent $539 million in common stock repurchases in the reported quarter compared to $2.19 billion in the same period last year.
Stock Performance Snapshot
June 12, 2018 - At Tuesday&'s closing bell, Walmart&'s stock slightly fell 0.24%, ending the trading session at $84.10.
Volume traded for the day: 8.05 million shares.
Stock performance in the last month – up 0.86% and past twelve-month period – up 6.13%
After yesterday&'s close, Walmart&';s market cap was at $248.89 billion.
Price to Earnings (P/E) ratio was at 28.76.
The stock has a dividend yield of 2.47%.
The stock is part of the Services sector, categorized under the Discount, Variety Stores industry. This sector was up 0.6% at the end of the session.
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