Wal-Mart Stores, Inc. (WMT) Updates FY18 Earnings Guidance

Wal-Mart Stores, Inc. (WMT) Updates FY18 Earnings Guidance

Wal-Mart Stores, Inc. (WMT) Updates FY18 Earnings Guidance

"By leveraging our physical stores and the Walmart app, we're changing the returns game in ways that only Walmart can do", Eckert added in prepared remarks.

The larger grocery retailer in the US has also said that it is expecting to add another 1,000 locations for shipping grocery orders made online during its 2019 fiscal year.

The world's largest retailer is set to post its best annual earnings growth in five years, and its stock could return 15% over the next year, per Barron's.

Shares of Wal-Mart Stores have climbed 4.3% to $83.95 at 10:40 a.m. today. WMT said the sales gains will be driven by solid comparable sales and e-commerce growth.

In September, Walmart announced it is testing a service that delivers groceries straight to customers' fridges when they're not home. Wal-Mart is on a buying binge in the e-commerce field, and is adapting its business practices to increase its online competitiveness.

The clients returning select things will see a choice in the Walmart application enabling them to in a split second get their discount without making a trek to the store to physically restore the thing as early as December, and this offer will at first be accessible on select family things.

The company has been increasing its e-commerce efforts recently. Wal-Mart has said that in some markets, the online grocery offering brings in customers who've never shopped at the retailer before.

Amazon's $13.7 billion purchase of Whole Foods earlier this year was, in part, to give the company some storefront real estate.

Additionally, Walmart announced a new $20 billion share repurchase program to replace its existing authorization, and expects to utilize the new authorization over a the next two years.

The company confirmed it anticipates adjusted earnings per share (EPS) for fiscal 2018 to be between US$4.30 and US$4.40 per share.

Wal-Mart Stores Inc also provided guidance for fiscal 2019 in its recent meeting with investors. (AMZN), projecting that its online sales will increase by up to 30% annually over the next few years, according to a detailed cover story in Barron's.

Walmart shares rose more than 5% to more than $84 in trading Tuesday.

But Wal-Mart had already been delivering the goods for its shareholders this year. Customers will start the returns process on their phones, using Wal-Mart's app before heading to the store.

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