Walmart (WMT) Fiscal 4Q17 Results: Solid Quarter and Comps, Strong E-Commerce

Executive Summary

• Walmart reported fiscal 4Q17 adjusted EPS of $1.30, down from $1.43 in the year-ago quarter but above the $1.28 consensus estimate. Total revenues were $130.9 billion, up 1.0% year over year and slightly below the $131.1 billion consensus estimate.
• US comp sales increased by 1.8%, ahead of the 1.3% consensus estimate. E-commerce sales grew by 29.0%, helped by the acquisition of Jet.com. Gross merchandise value (GMV) grew by 36.1%.
• The company’s FY18 EPS guidance of $4.20–$4.40 was in line with the $4.32 consensus estimate, and its fiscal 1Q18 EPS guidance of $0.90–$1.00 was in line with the $0.96 consensus estimate.