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Walmart Reports on Q4 and FY 2019

02/19/2019

In a press release dated February 19th Walmart Stores Inc. (WMT) announced results for the 4th Quarter and Fiscal 2019 ending January 31st 2018.

The following table summarizes the results for the period compared with the values for the corresponding quarter of the previous fiscal year (Values expressed as $ x 1,000 except EPS)

4th Quarter Ending January 31st

FY 2019

FY 2018

Difference (%)

Sales:

$138,793,000

$136,267,000

+1.9

Gross profit:

$33,886,000

$33,627,000

+0.8

Operating income:

$6,067,000

$4,467,000

+35.8

Pre-tax Income

Net Income*

$5,664,000

$3,687,000

$2,964,000

$2,175,000

+91.9

+69.5

Diluted earnings per share:

$1.27

$0.73

+74.0

Gross Margin (%)

24.4

24.6

-0.8

Operating Margin (%)

4.4

3.3

+33.3

Profit Margin (%)

2.7

1.6

+68.8

Long-term Debt:

$6,683,000

$6,780,000

-1.4

12 Months Trailing:

     

Return on Assets (%)

6.4

   

Return on Equity (%)

7.2

   

Operating Margin (%)

4.3

   

Profit Margin (%)

1.0

   

Total Assets

$219,925,000

$204,522,000

+7.5

Market Capitalization

$301,200,000

   

* includes tax provision of $1.85 billion compared to FY 2018 at $601 million.

For FY 2019 WMT earned $6.67 billion on revenue of $514.41 billion with an EPS of $2.28. For FY 2018 WMT earned $9.86 billion on revenue of $500.34 billion with an EPS of $3.28.

FY 2018 incorporated a loss of $3.14 billion attributed to extinguishing debt. Disposal of stores in Brazil resulted in a charge of $1.54 and a loss equivalent to $0.95 was incurred through JD.com.

52-Week Range in Share Price: $81.78 to $ 106.21

Market Close Feb. 15th $99.53. Post-release noon Feb 19 th $103.62

Forward P/E 22.0 Beta +0.6

For FY 2019 WMT attained a 3.6 percent increase in same-store sales. E-Commerce revenue increased by 40 percent over FY 2018.

For guidance WMT forecast a comparative same-store sales increase in the range of 2.5 to 3.0 percent: An EPS comparable to FY 2019 excluding Flipkart of India:

WMT will open less than 10 new stores in the U.S. in the coming calendar year compared to 300 internationally with a concentration on Mexico and China.