Summary
Walmart Inc. (WMT) filed a Current Report (8-K) on November 17, 2016, to furnish investors with a press release and financial presentation regarding its third-quarter and year-to-date results for the period ending October 31, 2016. While the filing itself does not contain the detailed financial figures, it serves as notification that these crucial performance indicators will be made available. Investors should refer to the accompanying exhibits (Exhibit 99.1 and Exhibit 99.2) for the actual financial data and management's commentary on the company's operational and financial standing.
Key Highlights
- 1Walmart is providing an 8-K filing to release its Q3 and year-to-date financial results for the period ending October 31, 2016.
- 2The filing serves as a notification that a press release (Exhibit 99.1) and a financial presentation (Exhibit 99.2) will be issued and posted, respectively.
- 3Investors can access the detailed financial performance and condition information through these accompanying exhibits.
- 4The company is furnishing this information under Item 2.02 of Form 8-K, which pertains to Results of Operations and Financial Condition.
- 5The information furnished is not considered 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, meaning it does not create liabilities under that section unless expressly incorporated into other filings.
- 6This report indicates that the market will soon receive updated figures on Walmart's sales, earnings, and overall financial health.
Frequently Asked Questions
The main purpose of this 8-K filing is to formally notify investors and the public that Walmart is releasing its financial results for the third quarter and the first nine months of its fiscal year, ending October 31, 2016. It directs investors to the accompanying press release and financial presentation for the actual performance data.
The actual financial results are not contained within the 8-K form itself. They are provided in Exhibit 99.1 (the Press Release) and Exhibit 99.2 (the Financial Presentation), which are furnished along with this 8-K filing.
No, this 8-K filing does not contain new financial statements directly within its text. It announces the release of a press release and a financial presentation (Exhibits 99.1 and 99.2) which will contain the detailed financial information for the period ended October 31, 2016.
When information is 'furnished' under Item 2.02 of an 8-K, it means the company is providing it to the SEC for public disclosure but it is not subject to the same liabilities as 'filed' information under Section 18 of the Exchange Act. This is a common practice for earnings releases. However, this information can be incorporated by reference into other SEC filings where it would then be considered 'filed'.