WWW - Posts tagged Wal Mart quarterly earnings at BloggingStocks

Wal-Mart quarterly earnings posts

Wal-Mart Q3 earnings preview

Posted Nov 11th 2008 3:40PM by Brian White (RSS feed)
Filed under: Earnings Reports, Wal-Mart (WMT)

With Wal-Mart Stores, Inc. (NYSE: WMT) set to deliver its third quarter results this Thursday, many eyes will be on Bentonville. Most likely, the world's largest retailer will meet or beat expectations of $0.76 per share, up from the $0.69 per share earnings from the year-ago quarter. If there's one company that is not feeling the pinch of these hard economic times, it's Wal-Mart.

Customers have continued to flock to the retailer in search of everything from groceries to car tires to prescription medications. And they demand the absolute lowest price possible. Is there any other retailer you can think of that can meet that demand? In terms of perception, there is only one, and it's Wal-Mart.

Meanwhile, the retailer has stepped back from the effort to expand to more customer segments and sell higher-profit items. Instead, as consumers hunker down to save every last penny, it's lowering prices on the most popular items, the staples of every Wal-Mart shelf. It's all in the inventory turns, right Eduardo?

Are Wal-Mart shoppers really abandoning high-priced brand names and expensive gourmet groceries to save a buck, even when gasoline prices have dropped by almost half in many places? You betcha. While the U.S. government is busy socializing or coddling so many industries with your future tax dollars, you might as well save every penny you can. Once you have a few hundred of them, you might want to see how far you can stretch them at your local Wal-Mart.

Wal-Mart releases record-setting quarterly earnings and sales

Posted May 16th 2006 10:22AM by Brian White (RSS feed)
Filed under: Earnings Reports, Live Coverage, Wal-Mart (WMT)

Although it was a maddening process to try and find investor and media relations contacts to try and find a telephone number for an earnings release conference call (Note to Wal-Mart: you need to publish this as a service to your shareholders!), we finally called an actual person to try and get this information at Wal-Mart's media relations department. Wow -- way unhandy if you ask us. The best we could do was leave a voice mail in the investor relations department, and no callback as of right now.

While we're waiting on the earnings press release today, we won't stoop to speculate on what Wal-Mart has in store for the investor world as it reports quarterly earnings -- bad or good, high or low.

Update: 8:27AM CST -- Ok folks, the business wire has made the Wal-Mart earnings announcement available before Wal-Mart even has. We'll shrug that odd situation out and get down to business. Net sales for the quarter were $79.613 billion, an increase of 12.3% over the first quarter of fiscal 2006. Net income for the quarter was $2.615 billion, an increase of 6.3% from $2.461 billion in the first quarter of fiscal 2006.

These numbers reflect record-setting earnings and overall store sales, a semi-surprise but not earth-shattering to most WMT followers. Not only did the Sam's Club division show excellent growth -- an 8.1% operating incoming increase over the year-ago period -- Wal-Mart's international division had a wallop of an increase of 22.9% over the year-ago period, mostly based on some acquisition activity that bolstered net sales. Read more!