Summary
Walmart Inc. reported its financial results for the quarter and six months ended July 31, 2013. For the quarter, total revenues increased by 2.3% to $116.9 billion, with net sales growing by 2.4% to $116.2 billion. Consolidated net income rose to $4.2 billion, an increase from $4.16 billion in the prior year's quarter, leading to diluted EPS of $1.24 compared to $1.18. For the first six months of fiscal year 2014, total revenues were $231.1 billion, up 1.7% from the prior year, with net sales reaching $229.6 billion. Net income for the period was $8.2 billion, an increase from $8.06 billion, and diluted EPS was $2.38, up from $2.27. The company experienced modest sales growth driven by increases in retail square footage and positive comparable club sales at Sam's Club, although this was partially offset by negative currency impacts and decreases in comparable store sales at Walmart U.S. and some international operations. The company also continued its significant share repurchase program, returning substantial capital to shareholders.
Financial Highlights
48 data points| Revenue | $116.83B |
| Cost of Revenue | $87.42B |
| Gross Profit | $29.41B |
| SG&A Expenses | $22.63B |
| Operating Income | $6.78B |
| Interest Expense | $522.00M |
| Net Income | $4.07B |
| EPS (Basic) | $0.41 |
| EPS (Diluted) | $0.41 |
| Shares Outstanding (Basic) | 9.83B |
| Shares Outstanding (Diluted) | 9.87B |
Key Highlights
- 1Consolidated net sales increased by 2.4% to $116.2 billion for the three months ended July 31, 2013, and by 1.7% to $229.6 billion for the six months ended July 31, 2013.
- 2Diluted earnings per share (EPS) for the three months increased to $1.24, up from $1.18 in the prior year period. For the six-month period, diluted EPS rose to $2.38 from $2.27.
- 3Operating income for the quarter saw a slight increase of 1.4% to $6.8 billion, and for the six-month period, it increased by 1.3% to $13.2 billion.
- 4Walmart U.S. segment net sales grew by 2.1% for the quarter and 1.2% for the six months, despite a 0.3% decrease in comparable store sales for the quarter.
- 5Walmart International segment experienced a 2.9% increase in net sales for both the quarter and the six-month period, though impacted by currency fluctuations.
- 6Sam's Club segment net sales increased by 2.6% for the quarter and 1.4% for the six months, driven by comparable club sales growth.
- 7The company repurchased $4.1 billion of its stock in the first six months of the fiscal year, reflecting a continued commitment to returning capital to shareholders.