US retail giant Wal-Mart has reported a 13.9% rise in quarterly profit, helped by a strong performance at some of its overseas operations and a turnaround at its Sam’s Club warehouse store.
Go deeper with GlobalData
The Bentonville, Arkansas-based retailer posted earnings from continuing operations of US$2.0bn or 46 cents a share, for the third quarter to 31 October, compared to $1.8bn, or 40 cents a share, a year earlier. Analysts had expected, on average, earnings of 47 cents a share, reported Reuters.
Sales rose 13.1% to $62.5bn, while same-store US sales, or sales at US stores open at least a year, rose 6.1%.
Wal-Mart said operating profit at its flagship Wal-Mart stores rose 10.9% to $2.97bn. Operating profit at its Sam’s Club stores rose 12.5% to $270m. The company’s international operations registered operating profit of $564m, a rise of 28.5% compared to the year-ago period.
The company said it expects fourth-quarter earnings per share between 63 and 65 cents, and same-store sales growth of 3-5%.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
