HALISTER: MORE: Wal-Mart Cuts Yr Sales Forecast; 4Q Comp. Sales Miss

MORE: Wal-Mart Cuts Yr Sales Forecast; 4Q Comp. Sales Miss

(Bloomberg) -- Wal-Mart cuts yr sales forecast to “relatively flat” from previous view of up 3%-4% on constant currency basis; cites recent store closings, US$ strength.
  • Sees yr EPS $4.00-$4.30, est. $4.13.
  • Sees 1Q Wal-Mart U.S. comp. sales up around 50bps y/y vs 1.1%; sees 1Q Sam’s Club comp. sales w/o fuel around unchanged
  • Sees 1Q EPS 80c-95c, est. 91c (range 85c-$1.00)
  • 4Q adj. EPS $1.49, saw $1.40-$1.55 (Jan.), est. $1.46
  • 4Q rev. $129.7b vs est. $130.6b (range $127.05b-$132.82b)
  • 4Q consolidated U.S. comps. ex-fuel +0.4%, est. +0.9% (Consensus Metrix avg of 21)
  • Wal-Mart U.S. comps. ex-fuel +0.6%, est. +1.0%, co. saw “around” +1% in Nov.; Neighborhood Market comps rose ~7%
    • Wal-Mart U.S. traffic +0.7%, ticket -0.1%
  • Sam’s Club U.S. comps. ex-fuel-0.5%, est. +0.5%, co. forecast unchanged to +1%; traffic -1.4%, ticket +0.9%
  • Conf. call 7am 877-523-5612 pw 9256278#
Statement
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
WMT US (Wal-Mart Stores Inc)

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