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Wal-Mart draws more shoppers, raises fiscal-year outlook

21 August 2016

Its comp sales recorded 1.6 percent increase in the second quarter driven by favorable traffic growth of 1.2 percent while neighborhood market comp sales advanced about 6.5 percent.

Of late, Wal-Mart is delivering positive comps at Wal-Mart U.S., after delivering negative comps since the third quarter of fiscal 2013.

On Wednesday, Target management addressed this euphemistically by saying they are "addressing the challenges we are facing in a hard retail environment".

Wal-Mart Stores Inc.is engaged in the operation of retail wholesale and other units in various formats around the world.

Stock Price: Shares of Wal-Mart increased in the pre-market trading. Wal-Mart says that will allow it to grab higher-income and younger customers.

Sign with message about students' forgotten lunch goes viral
Straessle, who has five children of his own that range in age from 20 to 9, said that the guideline has a secondary goal to teach the importance of "soft failures".

In addition to the deal, which was created to jump-start Wal-Mart's slowing online sales, the retailer recently opened up registration for its ShippingPass service. Wal-Mart announced on August 8 that it would acquire e-commerce company Jet.com for $3.3 billion in an effort to boost the division.

Of Britain's big four supermarkets, which also includes market leader Tesco, Sainsbury's and Morrisons, Asda has been the laggard in sales terms for two years, losing customer traffic and food volume in its large format stores. Prior to this, Sean Clarke was head of Wal-Mart's Chinese operations.

Wal-Mart is also trying to make its produce, meat and grocery business more prominent for shoppers, an effort at the heart of its plan to fend off Amazon as consumers still tend to shop offline for fresh food.

The company now offers a quarterly dividend of $0.50 per share, yielding around 2.73%. The stock price is moving up from its 20 days moving average with 8.61% and isolated negatively from 50 days moving average with -1.82%. Target CEO Brian Cornell also noted sales varied widely from region to region. At the time of the announcement, Walmart generated about $14 billion in annual e-commerce sales, versus Amazon's $99 billion in annual revenue.

Back on 8/18/2015 the company's estimated EPS value was $1.12 and it reported $1.08 earnings per share (EPS) for the quarter ended on 7/2015. One violent offense has occurred every day in an American Walmart store this year because of the company's relentless cost-cutting, a report has revealed. If it fulfills the analysts' expectations on the bottom line, the retailer would observe sequential increment of 4.08% in its earnings. Ten analysts surveyed by Zacks expected $2.87 billion. The company previously guided for earnings between $4.00 and $4.30. That exceeded the analysts' average estimate of US$1.02, according to Thomson Reuters I/B/E/S. However, the company reported downbeat quarterly sales and issued a weak FY16 guidance.