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Wal-Mart Stores Inc (WMT)

WMT on New York Consolidated

79.31USD
18 Aug 2017
Change (% chg)

$-0.39 (-0.49%)
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Latest Key Developments (Source: Significant Developments)

Wal-Mart says currency fluctuations negatively impacted International sales by $1.0 bln in quarter
Thursday, 17 Aug 2017 07:24am EDT 

Aug 17 (Reuters) - Wal-Mart Stores Inc ::Currency exchange rate fluctuations negatively impacted Walmart International net sales by $1.0 billion in quarter.Divestitures of Yihaodian and Suburbia created headwind of nearly $520 million for Walmart International's sales in the quarter - presentation.In China, inventory grew at a slower rate than sales for Walmart International during the quarter.  Full Article

Wal-Mart Stores Q2 adj. earnings per share $1.08
Thursday, 17 Aug 2017 07:01am EDT 

Aug 17 (Reuters) - Wal-Mart Stores Inc ::Q2 earnings per share $0.96; Q2 adjusted earnings per share $1.08; Q2 net sales $121.95 billion versus $119.41 billion; Q2 total revenue $123.36 billion versus $120.85 billion.Q2 earnings per share view $1.07, revenue view $122.84 billion -- Thomson Reuters I/B/E/S.Q2 Walmart U.S. net sales $78.74 billion versus $76.24 billion; Q2 Walmart U.S. comparable sales ex. fuel up 1.8 percent.Q2 Walmart International net sales $28.33 billion versus $28.62 billion.Q2 Sam’S Club net sales $14.88 billion versus $14.54 billion; Q2 Sam's Club comparable sales ex. fuel up 1.2 percent.Sees Q3 earnings per share $0.90 to $0.98; sees Q3 Walmart U.S. comparable sales ex. fuel up 1.5 percent to 2 percent; sees Q3 Sam’s Club comparable sales ex. fuel up 1 percent to 1.5 percent.Q3 earnings per share view $0.98 -- Thomson Reuters I/B/E/S.Sees FY 2018 earnings per share $4.18 to $4.28; sees FY 2018 adjusted earnings per share $4.30 to $4.40.FY2018 earnings per share view $4.37 -- Thomson Reuters I/B/E/S.Says second quarter EPS included a charge of $0.17 for loss on extinguishment of debt.  Full Article

Rapha says RZC investments now majority shareholder in business
Tuesday, 8 Aug 2017 01:00am EDT 

Aug 8 (Reuters) - :Rapha strengthens leadership position and growth ambitions with investment from RZC.US-based RZC investments is now majority shareholder in business.Simon Mottram will remain as Chief Executive and has retained a significant part of his stake in business.William Blair, Pinsent Masons and Withers advised company on transaction.  Full Article

Asda's 2016 underlying operating profit fell 11.5 percent
Wednesday, 2 Aug 2017 02:45am EDT 

Aug 2 (Reuters) - Asda :Annual Statutory Accounts for the financial year to 31st December 2016 .Says 2016 underlying operating profit fell 11.5 percent.Says 2016 operating cash flow was 1.41 billion stg, an increase of 8.0 percent on the prior year.Says 2016 performance was "behind expectations".  Full Article

Apple says company has now surpassed 1.2 bln cumulative iPhones sold
Tuesday, 1 Aug 2017 06:03pm EDT 

Aug 1 (Reuters) - Apple Inc ::Apple Inc CEO Tim Cook says company has now surpassed 1.2 billion cumulative iPhones sold - conf call.Apple Inc CEO Tim Cook says company has increased production capacity for Airpods - conf call.Apple Inc CFO says Q3 revenue from emerging markets outside of Greater China grew 19 percent from a year ago - conf call.Apple Inc CFO says iPhone ASP was $606, up from $595 a year ago - conf call.Apple Inc CFO says co reduced iPhone channel inventory by 3.3 million units in Q3 - conf call.Apple Inc CEO Tim Cook says Hong Kong continued to drag down Greater China segment in Q3 - conf call.Apple Inc says Walmart will deploy more than 19,000 iPads to train up to 225,000 employees - conf call.Apple Inc - "we do view that we have a responsibility in the u.s. To increase economic activity, including increasing jobs" - CEO Cook on conf call.Apple Inc CEO Tim Cook says co making "a big investment" in its autonomous systems project - conf call.Apple Inc - "Autonomous systems can be used in a variety of ways, and a vehicle is only one" - CEO Cook on conf call.  Full Article

Walmart and JD.com expand strategic cooperation
Tuesday, 25 Jul 2017 04:01am EDT 

July 25 (Reuters) - Jd.Com Inc :Walmart and JD.com expand strategic cooperation.Walmart says expanding their cooperation to further integrate their platforms, supply chains and customer resources in china.Walmart says JD is also establishing JD pick-up stations in Walmart stores to provide more pick-up options for JD digital customers.Expanding cooperation to further integrate their platforms, supply chains and customer resources in China.  Full Article

Plug Power announces expanded collaboration with Walmart
Friday, 21 Jul 2017 07:00am EDT 

July 21 (Reuters) - Plug Power Inc :Plug Power announces expanded collaboration with Walmart.Plug Power - new agreement includes revised deal terms with Walmart that allow plug power to access project financing at a lower cost of capital and no restricted cash.Plug Power - as part of agreement, it has granted Walmart warrants to acquire up to 55.3 million of plug power's common shares.Plug Power - warrants for first 5,819,652 shares vested upon execution of new program agreements at an exercise price of $2.1231 per share.Plug Power - additional warrants will vest in installments tied to successive $50 million payment thresholds, up to a total of $600 million.Plug Power - expects to provide its Genkey hydrogen fueling station and fuel cell energy solutions to up to 30 additional walmart sites in north america over next three years.Plug Power - ten Walmart sites already under contract and scheduled to be finished by end of 2017; value of 2017 commitments expected to be around $80 million.  Full Article

‍Shipworks announced its integration with Walmart's marketplace​
Wednesday, 12 Jul 2017 08:00am EDT 

July 12 (Reuters) - Wal-mart Stores Inc :‍Shipworks announced its integration with Walmart's marketplace​.‍Shipworks says through integration, Co's customers can directly download their Walmart marketplace orders with one click, or on an automated schedule​.  Full Article

Wal-Mart Stores announces pricing for cash tender offers
Thursday, 29 Jun 2017 03:09pm EDT 

June 29 (Reuters) - Wal-Mart Stores Inc ::Wal-Mart Stores Inc announces pricing for cash tender offers.‍Pricing and accepted tender amounts for its previously announced offer to purchase company's 6.500 pct notes due 2037, 6.200 pct notes due 2038​.Also ‍announced pricing and accepted tender amounts for its previously announced offer to purchase 625 pct notes due 2040 and 5.625 pct notes due 2041.Pricing and accepted tender amounts for previously announced offer to purchase 4.875 pct notes due 2039, 5.250 pct notes due 2035, 5.750 pct notes due 2030.  Full Article

Bemax to supply its private label products to Wal-Mart.com customers
Tuesday, 27 Jun 2017 11:00am EDT 

June 27 (Reuters) - Bemax Inc :Bemax Inc - has received approval from Wal-Mart Stores, Inc. to supply its private label products to Wal-Mart.com customers.Bemax Inc - company will service Wal-Mart customers through two warehouse locations out of Atlanta and Bellingham.Bemax Inc - Bemax has commenced onboarding process of its private label disposable diapers to Wal-Mart.com..  Full Article

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U.S. dollar stores stand their ground in escalating retail price war

U.S. dollar stores have not become collateral damage, as feared, in a price war among big retailers including Wal-Mart Stores Inc and Kroger Co , which has pushed down prices of key items such as eggs and laundry detergent.