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Wal-Mart (WMT ) reported its fourth quarter results before the opening bell on Thursday morning, posting higher sales and earnings compared to last year’s Q4.
WMT president and CEO Doug McMillon had the following comments: “We had a good fourth quarter to close out our fiscal year, with underlying EPS of $1.61. Walmart U.S. delivered better than expected comp sales. Sam’s Club had its best performance of the year, and Walmart International had solid sales and profitability. Like many other global companies, we faced significant headwinds from currency exchange rate fluctuations, so I’m pleased that we delivered fiscal year revenue of $486 billion. But, we’re not satisfied.”
We expect Wal-Mart to announce a raise to its dividend, and declare its 2015 dividends in the coming days.
Wal-Mart stock was down $1.14, or 1.32%, in pre-market trading. YTD, the stock is up 0.45%.