WALMART (WMT): Quick result update

The Good:

  • Walmart: 2% increase in annual dividends ($2.04) .
  • 29% increase in E-commerce sales courtesy Jet.com.
  • Fourth-quarter earnings fell 18 percent as results have been squeezed by investments in online upgrades and stores.
  • Same store sales up 1.9% and foot traffic up 1.4%
  • The results did beat Wall Street expectations.

The causes for lag:

  • Total sales were hurt by a stronger U.S. dollar, which is making its international business more challenging.
  • Amidst new tax rules, slowing tax refunds Walmart’s sales weaken at the beginning of the first quarter.