Powerhouse retail chain Wal-Mart just released Q4 earnings and wow, were they good.
The world’s largest retailer not only topped what Wall Street had expected with earnings but it also had the largest domestic same-store sales increase since July of 2012.
This quarter marked Wal-Mart’s 10th straight quarter of comparable sales growth.
Revenue did however fall a little short of expectations at $130.94 billion while the Street expected $131.22 billion according to Thomson Reuters.
EPS came in at $1.30, adjusted, versus the $1.29 per share, adjusted, expected by a Thomson Reuters consensus estimate.
The company’s comparable sales saw a 1.8 percent increase. FactSet had expected a 1.3 percent increase.
Disclaimer: We have no position in Wal-Mart Stores Inc. (NYSE: WMT) and have not been compensated for this article.