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Walmart Lowers FY19 Adj. EPS Outlook To Include Flipkart Dilution - Quick Facts

(RTTNews) - Walmart Inc. (WMT) reiterated fiscal 2019 total sales growth expectations and updated GAAP and adjusted EPS to include the expected 25 cents per share Flipkart dilution. Fiscal 2019 adjusted EPS guidance is now $4.65 to $4.80. This is compared to previous guidance for adjusted EPS of $4.90 to $5.05.

For fiscal 2020, EPS is expected to decline by a low single digit percentage range versus fiscal 2019 adjusted EPS. Excluding Flipkart, EPS is expected to increase by a low to mid-single digit percentage range versus fiscal 2019 adjusted EPS.

For fiscal 2020, Walmart expects total sales growth to be 3 percent or greater, negatively affected by about 100 basis points due to the deconsolidation of the Brazil operations and planned reduction in tobacco sales at Sam's Club. The company said Walmart U.S. comp sales growth is expected to be in a range of 2.5 percent to 3 percent and eCommerce net sales growth is expected to be around 35 percent for fiscal 2020.
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