Wal-Mart Stores, Inc. Fact Book – Fiscal 2015 NYSE: WMT Updated on April 22, 2015 NYSE: WMT Contents
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2015 Financial Fact Book Wal-Mart Stores, Inc. Fact Book – Fiscal 2015 NYSE: WMT Updated on April 22, 2015 NYSE: WMT Contents Wal-Mart Stores, Inc. (NYSE: WMT) helps people Home Office Wal-Mart Stores, Inc. around the world save money and live better – Wal-Mart Stores, Inc. Page Contents anytime and anywhere – in retail stores, online, 702 SW 8th Street 1 Description and contacts and through their mobile devices. Each week, we Bentonville, AR 72716 Tel: 479-273-4000 2 Enterprise Strategy serve nearly 260 million customers who visit our Fax: 479-277-1830 3-5 Financial overview over 11,000 stores under 72 banners in 27 http://corporate.walmart.com/ countries and e-commerce websites in 11 6 Stock Performance & Returns 7-8 Consolidated Statements of Income countries. With fiscal year 2015 sales of nearly Walmart U.S. Home Office $486 billion, Walmart employs more than 2 million 9 Consolidated Balance Sheets Walmart U.S. 10 Consolidated Statements of Cash Flow associates worldwide. Walmart continues to be a 702 SW 8th Street Opportunity, Sustainability, leader in sustainability, corporate philanthropy and Bentonville, AR 72716 11 employment opportunity. Additional information Community about Walmart can be found by visiting Sam’s Club Home Office Wal-Mart Global eCommerce Retail Sites http://corporate.walmart.com on Facebook Sam’s Club at http://facebook.com/walmart and on Twitter 2101 S.E. Simple Savings Dr. www.walmart.com at http://twitter.com/walmart. Online merchandise Bentonville, AR 72716 www.walmart.ca sales are available at http://www.walmart.com www.walmart.com.br and http://www.samsclub.com. Walmart International Home Office www.walmartchile.cl www.wal-mart.com.ar Walmart International- Mitchell Building th www.walmart.com.mx Investor Relations Contact 702 SW 8 Street Bentonville, AR 72716 www.asda.com Carol Schumacher www.makro.co.za VP- Global Investor Relations www.dionwired.co.za 479-273-6463 Walmart eCommerce Home Office www.the-seiyu.com Walmart eCommerce www.yhd.com 850 Cherry Avenue San Bruno, CA 94066 www.bestpricewholesale.co.in Media Contact Randy Hargrove Director- National Media Relations 1-800-331-0085 As disclosed in our publically filed financial statements, various financial reclassifications have taken place but did not have an effect on consolidated results. For periods not reclassified within the applicable filings, the amounts shown in this Fact Book are the most recent publically disclosed amounts. 1 Wal-Mart Stores, Inc. enterprise strategy Integrating physical & digital . Price, assortment, access & experience drive a customer’s choice of retailer. Historically, Walmart led on price and assortment. Retail environments are more competitive today, especially with e-commerce . To win, Walmart will lead on price, invest to differentiate on access, be competitive on assortment & deliver a great experience. We understand not only what our customers want and need, but also where they want it and how they want to experience it. 2 Financial Overview Net Sales by Segment - FY15 12% 28% 60% Walmart U.S. Walmart International Sam's Club Walmart U.S. Merchandise Category - % of Net Sales Sam's Club Merchandise Category - % of Net Sales 100% 100% 7% 7% 7% 5% 5% 5% 90% 7% 7% 7% 90% 7% 8% 8% 8% 8% 8% 80% 9% 9% 9% 80% 70% 10% 11% 11% 70% 23% 23% 24% 60% 11% 10% 11% 60% 50% 50% 40% 40% 30% 30% 56% 56% 55% 57% 56% 55% 20% 20% 10% 10% 0% 0% FY15 FY14 FY13 FY15 FY14 FY13 Grocery and consumables Fuel and other categories Grocery* Health and wellness Entertainment Hardlines Apparel Home Home and apparel Technology, office and entertainment Health and wellness *Walmart U.S. grocery consists of a full line of grocery items, including meat, produce, deli, bakery, dairy, frozen foods, alcoholic and nonalcoholic beverages, floral and dry grocery, as well as consumables such as health and beauty aids, baby products, household chemicals, paper goods and pet supplies. For additional category details, please refer to Walmart’s FY15 For additional category details, please refer to Walmart’s FY15 10-K. 3 10-K. Financial Overview U.S. Quarterly Comparable Store Sales Results without fuel (4-5-4 Retail Calendar) Fiscal Years Ended January 31 FY15 FY14 FY13 Comp-Store Sales Q4 Q3 Q2 Q1 Q4** Q3 Q2 Q1 Q4 Q3 Q2 Q1 Walmart U.S. 1.5% 0.5% 0.0% -0.1% -0.4% -0.3% -0.3% -1.4% 1.0% 1.5% 2.2% 2.6% Neighborhood Market 7.7% 5.5% 5.6% 5.0% 5.0% 3.4% N/A N/A N/A N/A N/A N/A Sam's Club 2.0% 0.4% 0.0% -0.5% -0.1% 1.1% 1.7% 0.2% 2.3% 2.7% 4.2% 5.3% eCommerce Impact* Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Walmart U.S. 0.3% 0.2% 0.3% 0.3% 0.3% 0.2% N/A N/A N/A N/A N/A N/A Sam's Club 0.4% 0.2% 0.3% 0.2% 0.4% 0.2% N/A N/A N/A N/A N/A N/A Quarterly Traffic/Ticket Trends (4-5-4 Retail Calendar) Fiscal Years Ended January 31 FY15 FY14 FY13 Walmart U.S. Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Traffic 1.4% -0.7% -1.1% -1.4% -1.7% -0.4% -0.5% -1.8% -0.1% 0.1% 0.4% 1.1% Ticket 0.1% 1.2% 1.1% 1.3% 1.3% 0.1% 0.2% 0.4% 1.1% 1.4% 1.8% 1.5% FY15 FY14 FY13 Sam's Club Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Traffic 1.5% 0.2% 0.3% -0.2% 1.2% 2.4% 2.7% 1.3% 1.6% 1.5% 1.8% 2.8% Ticket 0.5% 0.2% -0.3% -0.3% -1.3% -1.3% -1.0% -1.1% 0.7% 1.2% 2.4% 2.5% Fiscal 2015 International Comparable Store Sales & Traffic/Ticket Trends (4-5-4 Retail Calendar)*** Fiscal Years Ended January 31 FY15 Comps FY15 Traffic FY15 Ticket WMT International Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 UK -2.5% -1.8% 2.0% -1.5% -1.5% -0.2% 1.7% 1.0% -1.0% -1.6% 0.3% -2.5% Mexico 0.8% 1.1% 1.9% -2.6% -2.5% -0.7% -0.2% -0.8% 3.3% 1.8% 2.1% -1.8% Canada 1.8% 0.6% 0.2% -1.4% 0.1% -1.4% -1.1% -2.8% 1.7% 2.0% 1.3% 1.4% Brazil 3.1% 0.8% 9.7% 4.4% -2.1% -2.6% 0.0% -2.8% 5.2% 3.4% 9.7% 7.2% China -2.3% -2.3% -1.6% -2.5% -7.6% -8.9% -7.9% -7.3% 5.3% 6.6% 6.3% 4.8% *The company’s e-commerce sales impact includes those sales initiated through the company’s websites and fulfilled through the company’s dedicated e-commerce distribution facilities, as well as an estimate for sales initiated online, but fulfilled through the company’s stores and clubs. ** 14-week period ***International comparable store sales & ticket/traffic trends not consistently provided until FY2015 quarterly releases Source: Quarterly earnings presentations and releases 4 Financial Overview Capital Allocation Free Cash Flow* 18 Priorities (in billions of dollars) 16 1. Grow the business 14 • Organic growth 12 • Acquisitions • Stores 10 Cash from • E-commerce 8 16.4 2. Dividends operations 6 12.7 3. Share Repurchases 10.1 4 2 AA Balance Sheet 0 FY15 FY14 FY13 Capital Expenditure Detail Total Shareholder Return 16.0 (in billions of dollars) 20 (in billions of dollars) 14.0 13.1 12.9 18 12.2 1.2 16 12.0 1.4 1.2 1.1 0.9 14 12.8 13.0 0.8 10.0 12 4.5 8.0 3.9 4.6 10 6.7 7.2 7.6 6.0 8 1.0 6 4.0 6.3 6.4 6.0 4 6.2 6.1 5.4 2.0 2 0.0 0 FY15 FY14 FY13 FY15 FY14 FY13 Walmart U.S. Walmart International Sam's Club U.S. Corporate & Support Dividend Share Repurchases * Free cash flow is a non-GAAP measure. Net cash provided by operating activities of continuing operations is the closest GAAP measure to free cash flow. Reconciliations and other information regarding free cash flow and its closest GAAP measure can be found in the Management’s Discussion and Analysis of Financial Condition and Results of Operations included on our website at www.stock.walmart.com/financialinformation. 5 WAL-MART STORES, INC. Stock Performance & Returns FY16* FY15 FY14 FY13 FY12 FY11 FY10 FY09 FY08 FY07 FY06 FY05 Stock Price High N/A $90.97 $81.37 $77.60 $62.00 $57.90 $55.20 $63.85 $51.44 $52.15 $53.51 $61.05 Low N/A $72.27 $68.13 $57.18 $48.31 $47.77 $46.25 $46.92 $42.09 $42.31 $42.49 $51.33 Dividend Declared $1.96 $1.92 $1.88 $1.59 $1.46 $1.21 $1.09 $0.95 $0.88 $0.67 $0.60 $0.52 Yield** N/A 2.26% 2.52% 2.27% 2.38% 2.16% 2.04% 2.02% 1.73% 1.40% 1.30% 0.99% Price to Earnings** N/A 17.0 15.3 14.0 13.5 12.8 14.3 14.1 16.1 16.3 17.0 21.3 Return on Equity*** N/A 20.1% 20.3% 21.7% 20.8% 21.7% 20.8% 20.5% 20.4% 21.4% 22.2% 22.5% Total Shareholder Return N/A 16.6% 9.4% 16.8% 12.5% 7.4% 15.9% -5.5% 8.4% 5.0% -10.9% -1.8% WMT Dividend WMT Total Shareholder Return $2.50 20.0% 16.6% $1.96 $2.00 15.0% 10.0% $1.50 5.0% $1.00 0.0% FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 -5.0% $0.50 -10.0% $0.00 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 -15.0% * Current FY **As of last public record ***Return on equity is defined as income from continuing operations divided by average total equity 6 WAL-MART STORES, INC.