Wal-Mart Q1 Results Summary

  • Q1 revenue $99.85Bn versus Exp. of $98.44Bn
  • Sees Q2 EPS $0.93-0.98 versus Exp. of $0.98
  • Ended Q1 with negative free cash flow of approximately $1.6Bn
  • US Comp store sales for Q1 declined 1.4%
  • Total same store sales for Q1 declined 1.1% ex fuel
  • Sees Q2 WMT US comp store sales without fuel to be -2.0% to -1.0%
  • Confirming initial capital spending guidance of $13-15Bn this year
  • Q1 Sam's Club posted comparable sales increase, ex-fuel 0.7%

via RanSquawk