Visitors Now:
Total Visits:
Total Stories:
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Wal-Mart Stores see flat earnings for 18 months

Thursday, October 6, 2016 8:01
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Retail giant Wal-Mart Stores Inc (NYSE:WMT) confirmed it will hit its earnings guidance for the current year but expects only a modest if any improvement in 2018.

The Asda owner said earnings would come in between US$4.15 and US$4.35 this year to January with a similar outcome likely over following twelve months.

There will be modest growth in the year to January 2019, it said. 

The store opening programme has been trimmed as the focus switches to digital and online.

Some 130 US stores would open this year it said compared to its original programme of 130-155 and only 55 stores will open in the US next year.

“We’re seeing traction and the company is moving faster,” said Doug McMillon, chief executive, who gave no sales indications.

Shares eased 2.5% to US$69.74.

Story by ProactiveInvestors

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.