This copy is for your personal, non-commercial use only. You can order ready-to-present copies for distribution to your colleagues, clients or customers at http: // www jreprintscom

Walmart

The stock fell 5% early Thursday after the retail giant’s earnings fell short in the fourth quarter of fiscal and warned of slower earnings growth News that overshadowed stronger sales and a dividend hike

Walmart (ticker: WMT) said it lost $ 209 billion, or 74 cents a share, after gaining $ 145 a share in the same period last year with no losses tied to the UK and Japan corporations and other one-time items, it earned $ 139 a share of sales that rose 73% year over year to $ 1521 billion. Analysts searched for earnings per share of $ 151 and revenue of $ 148.5 billion

Like-for-like sales rose 86% above the 62% consensus estimate Online sales were again the biggest driver, up 69% in the quarter Sam’s Club’s warehouse division saw sales in the same store increase 5%, led by a 42% increase in e-commerce

Additionally, Walmart increased its quarterly dividend by a cent, or 19%, to 55 cents, payable on Dec. April 48th Times in a row with dividend increases. In addition, a new share buyback program in the amount of 20 billion The company plans to lower wages to around 425 USD, replacing a previous program approved in 2017000 employees to an average of over $ 15 an hour, although the initial minimum wage will remain at $ 11 rivals

Amazon com

(AMZN) and

target

(TGT) have a starting wage of $ 15 an hour, and the Biden government has proposed raising the federal minimum wage from $ 725 an hour

A morning briefing on what you need to know the next day, including exclusive commentary from Barron and MarketWatch writers

For the full fiscal year, Walmart expects a “slight decrease” in earnings per share or flat to slightly higher earnings without divestments. Revenue is also declining on a currency-neutral basis, but is seeing low single-digit growth with no divestments. Current consensus sees earnings spike per share at $ 5 before63 for the year, down from the $ 5 48 the company reported today

The quarter has been a mixed one for the company, with strong sales showing that it still has a large market share and that e-commerce, while not yet profitable, has seen steady margin improvements, while staff increases add to overall costs and, in part, the Explaining the company’s subdued full-year earnings guidance, they bring Walmart closer to peer pay scales, as noted above
Aside from the poor results, investors may also be concerned about the high $ 1 billion pandemic cost that Walmart faced in the quarter, which is also said to have invested $ 14 billion in the current fiscal year, which is an increase of roughly $ 4 billion – another likely necessary investment in the business, but a big headline

Walmart stock fell 5% early Thursday after the retail giant’s earnings fell short in fiscal fourth quarter, warning of a slowdown in earnings growth, news that overshadowed stronger sales and a dividend hike

This copy is for your personal, non-commercial use only. Distribution and use of this material is subject to our Subscriber Agreement and copyright laws For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1- 800-843-0008 or visit wwwdjreprintscom

Walmart Stock

World News – CA – Walmart stock drops to earnings miss, subdued outlook

Source: https://www.barrons.com/articles/walmart-stock-is-falling-on-earnings-miss-muted-outlook-51613657909