Slide 1: Second quarter fiscal year 2015
Second quarter fiscal year 2015 Thursday, August 14, 2014 The information presented in these slides forms a part of and is intended for use solely in connection with the management earnings call that became available on August 14, 2014 in connection with our press release discussing our results of o
Slide 2: Consolidated results
Wal-Mart Stores, Inc. Consolidated results (Amounts in millions, except share data) Q2 $ r1 % r1 YTD $ r1 % r1 Total revenue $120,125 $3,295 2.8% $235,085 $4,185 1.8% Net sales $119,336 $3,235 2.8% $233,503 $4,089 1.8% Net sales, constant currency2 $120,032 $3,931 3.4% $235,775 $6,361 2.8% Membershi
Slide 3: Consolidated results
Wal-Mart Stores, Inc. Consolidated results Q2 bps r1 YTD bps r1 Gross profit rate 24.6% -13 bps 24.3% -9 bps Operating expenses as a 19.6% 10 bps 19.5% 15 bps percentage of net sales Effective tax rate 34.1% 162 bps 34.1% 115 bps Debt to total capitalization2 NP NP 41.1% -330 bps Return on investmen
Slide 4: Returns
Wal-Mart Stores, Inc. Returns (Amounts in millions) YTD $ r1 Operating cash flow $11,900 $649 Capital expenditures $5,113 -$953 Free cash flow2 $6,787 $1,602 (Amounts in millions) Q2 % r1 YTD % r1 Dividends $1,547 0.4% $3,094 0.1% Share repurchases3 $307 -83.4% $933 -77.2% Total $1,854 -45.3% $4,027
Slide 5: Walmart U.S. segment operating results
Walmart U.S. Segment operating results (Amounts in millions) Q2 r1 YTD r1 Net sales $70,601 2.7% $138,453 2.3% Comparable store sales 0.0% 30 bps 0.0% 80 bps • Comp traffic -1.1% -60 bps NP NP • Comp ticket 1.1% 90 bps NP NP E-commerce impact2 ~0.3% NP NP NP Neighborhood Market ~5.6% NP NP NP Gross
Slide 6: Walmart U.S. category comps
Walmart U.S. Category comps Category Comp Grocery1 relatively flat GM2 - mid-single digit Health & wellness +mid-single digit Apparel + low single-digit Home relatively flat 1 Includes food and consumables 2 Includes entertainment, toys, hardlines and seasonal 6
Slide 7: Walmart International segment operating results
Walmart International Segment operating results Constant Constant Reported Reported (Amounts in millions) currency1 1 currency1 Q2 r2 Q2 r2 YTD r2 YTD r2 Net sales $33,872 3.1% $34,568 5.3% $66,296 0.9% $68,568 4.3% Gross profit rate Decrease -19 bps NP NP Decrease -5 bps NP NP Operating income $1,4
Slide 8: Q2 sales and GP – five largest markets
Walmart International Q2 sales and GP – five largest markets1 2 Comp3Net Gross Country 3 profit sales Sales Traffic Ticket rate3 United Kingdom4 2.0% 1.7% 0.3% 2.2% Decrease Walmex5 1.9% -0.2% 2.1% 5.0% Decrease Canada 0.2% -1.1% 1.3% 2.9% Decrease Brazil 9.7% —% 9.7% 9.1% Increase China -1.6% -7.9%
Slide 9: Sam's Club segment operating results
Sam’s Club Segment operating results Without fuel1 With fuel Without fuel1 With fuel (Amounts in millions) Q2 r2 Q2 r2 YTD r2 YTD r2 Net sales $13,034 1.7% $14,863 2.3% $25,249 1.1% $28,754 1.2% Comparable club sales 0.0% -170 bps 0.5% -120 bps -0.3% -120 bps -0.2% -100 bps • Comp traffic 0.3% -240
Slide 10: Sam's Club category comps without fuel
Sam’s Club Category comps without fuel Category Comp Fresh / Freezer / Cooler + low single-digit Grocery and beverage - low single-digit Consumables - low single-digit Home and apparel + mid single-digit Technology, office and entertainment - high single-digit Health and wellness + low single-digit
Slide 11: Guidance
Guidance Total Walmart Sam's company U.S. comps Club comps • Q3 EPS: • 13-week period3: • 13-week period3: • $1.10 - $1.20 • Relatively flat • Slightly positive • Full-year EPS: • $4.90 - $5.15 • Full-year ETR1,2: • 32% - 34% 1 ETR = Effective tax rate 2 For Q3, we expect our effective tax rate to b
Slide 12: Additional resources at stock.walmart.com
Additional resources at stock.walmart.com • Reconciliations for our non-GAAP financial measures (ROI, free cash flow, constant currency and Sam's Club comparable measures without fuel) can be found in our second quarter fiscal year 2015 press release. • Unit counts & square footage • Comparable stor