vs $116.23bln forecast
EPS $1.03 vs $1.05 exp
- comparable sales (ex fuel) rise 1.1%
- total US comparable sales (ex-fuel) rose 1.0%
- consolidated operating income declined 8.3% due to impacts from ccy fluctuations and investments in associate wages, training and e-commerce
Wal-Mart cites USD strength as negatively affecting EPS by $0.03
CEO Doug McMillon says
" We had a solid first quarter. We took some important strategic steps to strengthen the foundation of our business for the future.
We need to continue to get better at consistently running great stores, clubs and e-commerce everywhere we operate.. and we are"
Upbeat message but concerns remain not least of which the impact of a stronger $ which we have been also seen eating into recent economic data
Full report here
