Wal-Mart sees FY18 EPS to be 'relatively flat' to FY17, FY19 EPS growth of 5%
At its 2016 Investment Community Meeting today, Wal-Mart Stores will outline the company's strategic framework to grow by serving customers across all channels, creating a seamless shopping experience. The company is also sharing select guidance information along with its capital expenditure estimates for the next fiscal year. The company reiterates fiscal year 2017 GAAP EPS guidance of $4.29 to $4.49, or adjusted EPS guidance of $4.15 to $4.35. FY17 EPS consensus is $4.30. For fiscal year 2018, the company expects GAAP EPS to be relatively flat to fiscal year 2017 adjusted EPS. The company expects continued momentum in its store business. Incremental U.S. e-commerce operating investments, including Jet.com, are expected to accelerate e-commerce growth. FY18 EPS consensus is $4.45. For fiscal year 2019, the company expects EPS growth to be approximately 5%.