MatchPoint Times

Home

Walmart reports solid results but forecasts slower growth

Cover Image for Walmart reports solid results but forecasts slower growth

The US retail behemoth projects lower earnings per share in this year’s first quarter compared with analyst expectations and slower annual revenue growth.

NEW YORK: Walmart reported solid fourth-quarter results Thursday, pointing to broad-based revenue growth, including significant increases from its advertising and e-commerce businesses.

Walmart generated 4.6% comparable sales growth in its US retail business, reflecting higher sales across grocery, pharmaceuticals and general merchandise.

But the US retail behemoth offered a cautious outlook, projecting lower earnings per share in this year’s first quarter compared with analyst expectations and slower annual revenue growth.

Tags:growthQ4retailrevenuesalesWalmart


Bunuh kekasih: Mahkamah sahkan hukuman penjara 35 tahun

Bekas pengawal keselamatan, M Gunasegaran, dipenjara kerana membunuh seorang wanita, yang menyuarakan hasrat mengahwini lelaki lain.

🟡V Anbalagan

US imposes sanctions on commanders of Sudan’s RSF paramilitary group

The Rapid Support Forces are accused of perpetrating ‘a horrific campaign of ethnic killings, torture, starvation, and sexual violence’ during the siege and capture of al-Fashir.

🟡Reuters