Wal-Mart Stores, Inc. (NYSE: NYSE:WMT)
On Thursday, November 16th, 2017, Walmart stores reported their fiscal quarterly earnings before the market open for trading.
Walmart reported revenue of +$1.23 billion dollars which compares with +$1.21 billion dollars in the year-ago period. Earnings came in at $1 per share after adjustments, while analysts had been expecting $0.97 per share.
However, it was in the U.S.-based internet and e-commerce area that saw the biggest and most lucrative increase which came in at +50%.
WMT Charts
The above price chart is the daily action going back about 6 months. Today’s candle in the far upper right corner shows the power behind the move.
The above price chart shows the pre-market gap up in shares on the left and then the regular trading session on the right in all black. Walmart followed a clear up-trend all day, with every minor dip finding buyers and support levels.
Analyst Comments
Barclays (LON:BARC) analyst Karen Short wrote this in a note to staff and others who follow Wal-Mart.
“To use an analogy from a savvy client: A wall went up on June 16th. As a food retailer, you were either on the right or wrong side of the wall. In our view, WMT was clearly on the right side, but even prior to June 16th, WMT had made significant progress in changing the narrative by evolving its capabilities as a dominant omni-channel retailer, so from our perspective, historical valuation ceased to matter on June 16th.”
Walmart Profile
Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. It operates through three segments: Walmart U.S., Walmart International, and Sam’s Club. The company operates discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, and membership-only warehouse clubs; and retail Websites, such as walmart.com and samsclub.com, as well as mobile commerce applications.
It offers grocery products, including meat, produce, natural and organics, deli and bakery, dairy, frozen foods, alcoholic and nonalcoholic beverages, floral and dry grocery, as well as consumables, such as health and beauty aids, baby products, household chemicals, paper goods, and pet supplies; and health and wellness products, which include pharmacy, optical services, clinical services, over-the-counter drugs, and other medical products.
The company also provides electronics, cameras and supplies, photo processing services, cellular phones, cellular service plan contracts and prepaid service, movies, music, video games, and books; stationery, automotive, hardware and paint, sporting goods, and outdoor living and horticulture, as well as fabrics, crafts, and seasonal merchandise; apparel for women, girls, men, boys, and infants, as well as shoes, jewelry, and accessories; and home furnishings, housewares and small appliances, bedding, home decor, and toys.
In addition, it offers fuel and financial services and related products, including money orders, prepaid cards, wire transfers, money transfers, check cashing, and bill payment.
In addition, it offers brand name merchandise, including hardgoods, softgoods, and selected private-label items, such as Member’s Mark. It operates 11,593 stores under 63 banners in 28 countries and e-commerce Websites in 11 countries. Wal-Mart Stores, Inc. was founded in 1945 and is headquartered in Bentonville, Arkansas.