Wal-Mart Stores, Inc. Earnings Cheat Sheet: Powering Ahead

S&P 500 (NYSE:SPY) component Wal-Mart Stores, Inc. (NYSE:WMT) reported its results for the second quarter. Wal-Mart Stores, Inc. operates Walmart discount stores, supercenters, Neighborhood Markets and Sam’s Club.

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Wal-Mart Stores Earnings Cheat Sheet for the Second Quarter

Results: Net income for Wal-Mart Stores, Inc. rose to $3.8 billion ($1.09 per share) vs. $3.6 billion (97 cents per share) in the same quarter a year earlier. This marks a rise of 5.7% from the year earlier quarter.

Revenue: Rose 5.4% to $109.37 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: WMT was about in line with expectations as the mean analyst estimate of $1.08 per share. Analysts were expecting revenue of $108.26 billion.

Quoting Management: “We are reporting today $1.09 in earnings per share from continuing operations, a 12.4 percent increase over last year’s second quarter,” said Mike Duke, Wal-Mart Stores, Inc. president and chief executive officer. “Our EPS is near the top of our guidance. “I’m encouraged by the sales improvement in our Walmart U.S. stores. Comp sales have increased sequentially month to month within the quarter. In fact, this was the best quarterly performance since the third quarter of fiscal 2010,” Duke continued. “We’re committed to deliver positive comp sales by widening the gap on price, and we have a specific plan to deliver EDLP to every customer.”

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 2.3% and in the fourth quarter of the last fiscal year, the figure rose 30.7%.

Revenue has risen the past four quarters. Revenue increased 4.3% to $104.19 billion in the first quarter. The figure rose 2.4% in the fourth quarter of the last fiscal year from the year earlier and climbed 2.6% in the third quarter of the last fiscal year from the year-ago quarter.

The company has now topped analyst estimates for the last three quarters. It beat the mark by 3 cents in the first quarter and by 3 cents in the fourth quarter of the last fiscal year.

Competitors to Watch: Target Corporation (NYSE:TGT), Costco Wholesale Corp. (NASDAQ:COST), Best Buy (NYSE:BBY), Dollar General Corp. (NYSE:DG), eBay (NASDAQ:EBAY), Sears Holdings (NASDAQ:SHLD), BJ’s Wholesale Club, Inc. (NYSE:BJ), Family Dollar Stores, Inc. (NYSE:FDO), Gordmans Stores, Inc. (NASDAQ:GMAN), Dollar Tree, Inc. (NASDAQ:DLTR), Amazon.com, Inc. (NASDAQ:AMZN), and Fred’s, Inc. (NASDAQ:FRED).

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(Source: Xignite Financials)