8 minutes

Walmart 2018 Investment Community Meeting: Management Stresses Execution, Innovation, Unique Assets and Operating Discipline

Primary Analyst: Coresight Research
Contributors
Primary Analyst: Coresight Research
Insight Report

Executive Summary

Walmart hosted its 2018 Investment Community Meeting in Bentonville, Arkansas, on October 16. Key messages from the presentations made at the meeting include:

  • Execution: Management cited 16 consecutive quarters of positive comps as evidence of its momentum and said that investments made over the past few years are paying off.
  • Unique assets: The company has built a portfolio of assets that include shopping, social media and loyalty, financial services, health and wellness, digital entertainment, advertising, logistics and home and personal services.
  • Reduced earnings guidance due to acquisition of Flipkart: The company reduced its FY19 adjusted earnings per share (EPS) guidance to $4.65–$4.80 from $4.90–$5.05 previously. Walmart expects comparable sales of 2.5%–3% and e-commerce net growth of 35% in FY2019.
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