Thursday, August 15, 2019

Walmart beats sales expectations, boosts guidance

Yahoo Finance
Walmart beat expectations on both the top and bottom lines for its second quarter. The world’s largest retailer also boosted its fiscal 2020 adjusted EPS and same-store sales forecast. 

Walmart now predicts that U.S. same-store sales growth will be at the high end of its previously guided range between 2.5%-3%. Adjusted EPS is now expected to either increase or decrease slightly this year. Walmart was previously anticipating a low single-digit decline including the impact of its Flipkart transaction.. . . more