NEW YORK (TheStreet) -- Wal-Mart Stores (WMT - Get Report) released its second-quarter earnings report on Aug. 14. Results were slightly above Wall Street expectations on the top line, with revenue coming in at $120.1 billion versus the Wall Street estimate of $119.1 billion. Earnings per share dropped from the same quarter last year, falling from $1.23 a year ago to $1.21 in the most recent quarter.
Shares, at near $75, are down nearly 5% for the year to date, but are up over 1% for the past 52 weeks.
Walmart's comparable-store sales in the U.S. were unchanged year-over-year, which garnered much of the attention by investors as it stopped the streak of domestic sales declines that began in 2013.
However, what largely got lost in the shuffle were the encouraging results internationally and how they came to fruition.
1. Comparable-Store Sales Growth
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The company experienced positive comparable-store sales growth in four of its five largest international markets in the second quarter.
- United Kingdom - 2.0% increase
- Canada - 1.9% increase
- Mexico - 0.2% increase
- Brazil - 9.7% increase
The increases in comparable-store sales largely came from growth in average ticket size for customers as opposed to traffic increases. Walmart only managed to increase traffic in its United Kingdom stores (up 1.7%). Brazil saw unchanged traffic, and Canada and Mexico realized traffic declines of 1.1% and 0.2%, respectively. The company is generally not bringing in more traffic in international markets, which should be a concern to investors, but the traffic that is coming in is purchasing more, as shown by rising average ticket sizes.
Walmart's ticket growth is shown below:
- United Kingdom - 0.3%
- Canada - 1.3%
- Mexico - 2.1%
- Brazil - 9.7%
In addition to comparable store sales growth in the markets above, Argentina, Chile, Japan and Africa also realized comparable store sales growth. Chile, in particular, got a boost from an unusual source, its new mobile application.