Walmart Q4 Results
Walmart released Q4 results on Feb 21st 2013
Below are the specifics for Walmart Canada,
Doug McMillon, Walmart International President and CEO, Feb 21st Conference Call
Walmart Canada faced a challenging quarter. Continued to grow share in measured categories in a slower overall market.
Net sales +5% Operating income grew faster than sales
Comp sales -1.9% Strong comp sales in food, consumables and home lines. Softer sales in entertainment
Average ticket +0.1%
Traffic -2%
Unseasonable weather impacted sales in hardlines and apparel
Lower than anticipated boxing day sales due to challenges in the entertainment business
Gross profit increased due to improved initial margins and lower markdown activity
Expenses increased faster than sales primarily due to pre opening costs associated with the expansion program
As of the end of Jan 2013:
All Zellers store conversions are complete
Zellers conversions 12 are supercentres and 27 are discount stores
379 stores open, increased store base by 46 stores for the year
Complete Q4 transcript is here
Walmart Canada Performance Summary | |||||
Period | Period Ending | Total Sales ∆ | Ticket ∆ | Comps | Traffic ∆ |
Q42013 | Jan-13 | 5% | 0.1% | -1.9% | -2% |
Q32013 | Oct-12 | 4.9% | 1.7% | 0.7% | -1% |
Q22013 | Jul-12 | 3.8% | 0.9% | 0.5% | -0.4% |
Q12013 | Apr-12 | 7.1% | 1.1% | 3.7% | 2.6% |
Q42012 | Jan-12 | 4.1% | 2.3% | 1.1% | -1.2% |
Q32012 | Oct-11 | 4.9% | 2.2% | 0.9% | -1.3% |
Q22012 | Jul-11 | 5% | 2.1% | 1.2% | -0.9% |
Q12012 | Apr-11 | 4.4% | 3.6% | -0.6% | -4.2% |
Q42011 | Jan-11 | 4.8% | 0.6% | 0.4% | -0.2% |
Q32011 | Oct-10 | 4.6% | -0.3% | -0.4% | -0.1% |
Q22011 | Jul-10 | 4.2% | 0.4% | 0.0% | -0.4% |
Q12011 | Apr-10 | 4.9% | 0.6% | 1.0% | 0.4% |
Q42010 | Jan-10 | 2.6% | -0.6% | -1.1% | -0.5% |
Q32010 | Oct-09 | 5.2% | 0.9% | 1.2% | 0.3% |
Q22010 | Jul-09 | 5.8% | 1.7% | 0.6% | -1.1% |
Source: Walmart Quarterly Investor Calls |
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