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.
