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Wal-Mart Stores Inc (WMT)

WMT on New York Consolidated

96.75USD
17 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Wal-Mart says has preordered 5 of Tesla's new electric trucks for U.S.‍​‍​
11:41am EST 

Nov 17 (Reuters) - :Wal-Mart says has pre-ordered 5 units of Tesla's new heavy-duty electric vehicle for the U.S. - Statement ‍​.Wal-Mart says has pre-ordered 10 units of Tesla's new heavy-duty electric vehicle for Wal-Mart Canada - Statement ‍.  Full Article

Wal-Mart says it's planning to test Tesla's new electric trucks- CNBC‍​
11:05am EST 

Nov 17 (Reuters) - :Wal-Mart says it's planning to test Tesla's new electric trucks- CNBC‍​.  Full Article

Walmart says hurricane-related impacts benefited Walmart U.S. Q3 comp sales by about 30-50 basis points
Thursday, 16 Nov 2017 07:46am EST 

Nov 16 (Reuters) - Walmart Stores Inc ::Walmart says hurricane-related impacts benefited Walmart U.S. comp sales by approximately 30-50 basis points in quarter - presentation slides.Estimate that hurricane-related impacts contributed to about one-third of overall decline in gross margin‍​ for Walmart U.S. in quarter.for walmart u.s., total inventory flat versus last year, comp store inventory down about 3.5%, while in-stock levels remained high in quarter.Walmart - divestitures of suburbia, yihaodian created headwind to walmart international sales of nearly $560 million in quarter.Walmart says in fiscal year 2018, expect third party fcpa- and compliance-related expenses to range between $50 and $60 million.  Full Article

Walmart reports quarterly GAAP earnings of $0.58 per share
Thursday, 16 Nov 2017 07:01am EST 

Nov 16 (Reuters) - Walmart Stores Inc ::Quarterly GAAP earnings per share $0.58.Quarterly adjusted earnings per share $1.00.Quarterly net sales $122,136 million versus $117,176 million.Quarterly total revenue $123,179 million versus $118,179 million.Walmart Q3 earnings per share view $0.97, revenue view $121.00 billion -- Thomson Reuters I/B/E/S.Says now expects FY GAAP EPS of $3.84 to $3.92.Sees adjusted FY EPS of $4.38 to $4.46.For 13-week period ending Jan. 26, 2018, sees Walmart U.S. (ex. fuel) comparable sales up 1.5 percent to up 2 percent.For 13-week period ending Jan. 26, 2018, sees Sam's Club (ex. fuel) comparable sales up 1.5 percent to up 2 percent.Walmart FY2018 earnings per share view $4.38 -- Thomson Reuters I/B/E/S.Quarterly Walmart U.S. net sales $77,724 million versus $74,550 million.Quarterly Walmart International net sales $29,548 million versus $28,390 million.Quarterly Sam's Club net sales $14,864 million versus $14,236 million.Quarterly Walmart U.S. comparable sales, ex. fuel, up 2.7 percent.Quarterly Sam's Club comparable sales, ex. fuel, up 2.8 percent.Quarterly total U.S. comparable sales, ex. fuel, up 2.7 percent.Q3 GAAP EPS adjusted for 3 items, including $0.09 charge based on talks with government agencies on possible resolution of FCPA matter, among others.Walmart CEO says "we have momentum, and it's encouraging to see customers responding to our store and ecommerce initiatives".  Full Article

Wal-Mart Stores reports expiration and final results of cash tender offer
Monday, 6 Nov 2017 08:00am EST 

Nov 6 (Reuters) - Wal-mart Stores Inc ::Wal-Mart Stores, Inc. announces expiration and final results of its cash tender offer.Wal-Mart Stores, Inc. announces expiration and final results of its cash tender offer.  Full Article

Iconix provides business update and amends term loan
Monday, 30 Oct 2017 09:16am EDT 

Oct 30 (Reuters) - Iconix Brand Group Inc :Iconix provides business update and announces amendment to term loan.Informed by Walmart that Danskinnow license, which is a diffusion of Danskin brand, will not be renewed beyond January 2019​.As a result, royalty revenue for Danskin brand is estimated to decline approximately $15.5 million in 2018​.Due to some developments, co forecasted that it would unlikely be in compliance with some its financial debt covenants in 2018.Recently engaged in talks with lenders to provide relief under financial debt covenants, entered amendment of senior secured term loan.As a result of discussions with lenders, ‍co agreed to reduce size of credit facility by approximately $75 million to $225 million​.Continues to evaluate capital raising options to repay debt, strategic alternatives, including sale of certain assets or entire co.Danskin will continue to be distributed to leading retailers including Lord & Taylor, Costco and TJMaxx​.Working with Guggenheim Securities LLC as its financial advisor in connection with ongoing efforts to "strengthen its balance sheet".  Full Article

Walmart says has taken steps to help address prescription drug abuse problem
Thursday, 26 Oct 2017 03:04pm EDT 

Oct 26 (Reuters) - Wal-Mart Stores Inc ::Says it has taken steps to help address the prescription drug abuse problem.Says by 2017 end, co to have Naloxone behind pharmacy counters for sale/dispensing by pharmacist in states where pharmacy practice laws support it.  Full Article

Wal-Mart Stores announces pricing for cash tender offer
Monday, 23 Oct 2017 02:00pm EDT 

Oct 23 (Reuters) - Wal-mart Stores Inc ::Announces pricing for cash tender offer.Expiration Date of Tender Offer is 11:59 p.m., New York City time, on November 3, 2017​.  Full Article

Walmart says on track for 100 pickup towers for holidays
Tuesday, 10 Oct 2017 02:39pm EDT 

Oct 10 (Reuters) - Walmart Stores Inc :CEO at investor meeting- "in future, think we can stock some of our customers' homes like we stock our stores" ‍​.CEO at investor meeting- think vast majority of grocery shopping will be done in stores for a long time to come‍​.Executive- expect us ecommerce growth to slow a little to overlap Jet.com acquisition for this year, but to be about 40 percent.CFO - instituting a zero-based budgeting system in different parts of organization.Redesigning website and delivery boxes to be more modern.Over next couple of yrs, will see smartcart technology on jet.com migrating to walmart.com.Attracting more premium brands to Jet.com, positioning it as being more geared towards urbane, affluent millennials.Launching new memebership signup process this year, new process takes about 40 seconds.Narrowing our target member, "attempted to serve too many types of small retailers".95 percent of purchases happening are for home.Have nearly 50 pickup towers in stores, on track for 100 pickup towers for holidays.  Full Article

Wal-Mart reiterates fiscal year 2018 adjusted EPS guidance of $4.30 to $4.40
Tuesday, 10 Oct 2017 07:30am EDT 

Oct 10 (Reuters) - Wal-Mart Stores Inc ::Wal-Mart Stores Inc says reiterates fiscal year 2018 GAAP EPS guidance of $4.18 to $4.28, or adjusted EPS guidance of $4.30 to $4.40.Wal-Mart Stores Inc says for fiscal year 2019, expects EPS to increase about 5 percent compared with fiscal year 2018 adjusted EPS.Wal-Mart Stores Inc says announcing new $20 billion share repurchase program to replace its existing authorization.Wal-Mart Stores Inc says expects to utilize new share buyback authorization over an approximate two-year period.Wal-Mart Stores Inc says fiscal 2019 consolidated net sales are expected to grow at or above 3 percent.Wal-Mart Stores Inc says anticipates sales growth at Walmart U.S. e-Commerce to be about 40 percent for fiscal 2019.Wal-Mart Stores Inc says expects capital expenditures to be approximately $11 billion for fiscal years 2018 and 2019.Wal-Mart says expects global unit growth of about 280, including new, expanded, relocated units, for each of fiscal years 2018 and 2019.Wal-Mart Stores Inc says expects to add 1,000 online grocery locations in Walmart U.S. In fiscal 2019.Wal-Mart says Walmart International expects to open about 255 new stores with focus in markets like Mexico and China for 2018 and 2019.  Full Article

J.B. Hunt, Wal-Mart climb aboard Tesla's electric truck

Wal-Mart Stores Inc and big truck fleet operator J.B. Hunt Transport Services Inc said on Friday they will order Tesla Inc's electric semi trucks, boosting the Silicon Valley automaker's effort to expand its reach beyond luxury cars and solar energy systems.