=Wal-Mart (WMT) reported earnings on Thur 15 Aug 2019 (b/o)

Wal-Mart beats by $0.05, reports slightly ahead of estimates; Q2 comps of +2.8% beat estimates; raises FY20 EPS guidance

Reports Q2 (Jul) earnings of $1.27 per share, excluding non-recurring items, $0.05 better thanthe S&P Capital IQ Consensus of $1.22; revenues rose 2.6% year/year to $130.4 bln vs the $129.32 bln S&P Capital IQ Consensus.

Q2 comps +2.8% which is ahead of Street expectations.

Walmart U.S. comp sales increased on a two-year stacked basis by 7.3%, which is the strongest growth in more than 10 years. Segment operating income increased 4%, marking the fifth consecutive quarter of growth.

Walmart U.S. eCommerce sales growth of 37% includes strong growth in online grocery.

FY20 adjusted EPS is now expected to range between a slight decrease and a slight increase compared with FY19 adjusted EPS. Prior guidance was down low single digits. Capital IQ consensus calls for EPS decline of 1.4%.