Walmart stock (WMT) has just hit a new all time high. This comes on the back of better than expected earnings and a relatively strong outlook. We at Quad 7 Capital have had a buy rating on the name since the summer 2017. Below are the major highlights of the quarter that you should be aware of:

The company’s third-quarter GAAP EPS was adjusted for three items. A charge of $0.29 for loss on extinguishment of debt in connection with the company’s recently completed debt tender offer, a charge of $0.09 based on discussions with government agencies regarding the possible resolution of the FCPA matter, and a charge of $0.04 based on the decision to exit certain properties in one of the company’s international markets.

Total revenue was $123.2 billion, an increase of $5.0 billion, or 4.2%. Excluding currency, total revenue was $122.7 billion, an increase of $4.5 billion, or 3.8%.

Walmart U.S. comp sales increased 2.7%, and comp traffic increased 1.5%.

eCommerce growth at Walmart U.S. remained strong, led by growth through Walmart.com. Net sales and GMV increased 50% and 54%, respectively.

Net sales at Walmart International were $29.5 billion, an increase of 4.1%. Excluding currency, net sales were $29.1 billion, an increase of 2.5%. Ten of eleven markets posted positive comp sales, including its four largest markets.

 

So what do you think about Walmart stock at these levels?

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