Arab Today, arab today walmart earnings suffer postwinter chill
Last Updated : GMT 13:41:06
Arab Today, arab today
Arab Today, arab today

Wal-Mart earnings suffer post-winter chill

Arab Today, arab today

Arab Today, arab today Wal-Mart earnings suffer post-winter chill

New York - AFP

Wal-Mart Stores Thursday reported lower earnings that missed expectations as sales at flagship US stores edged lower due to cold winter weather. Earnings in the first quarter for Wal-Mart came in at $3.6 billion, down five percent from the year-ago level. "Like other retailers in the United States, the unseasonably cold and disruptive weather negatively impacted US sales and drove operating expenses higher than expected," said Walmart chief executive Doug McMillon. "Walmart's underlying business is solid, and I'm confident in our long-term strategies." Revenues rose 7.5 percent to $115 billion, below the $116.3 billion forecast by analysts. Profits translated into $1.10 per share, five cents shy of expectations. Comparable store sales in the US from its namesake Walmart stores and Sam's Club warehouses declined 0.2 percent from the year-ago period. Those two categories account for more than 70 percent of Wal-Mart's revenues. Sales in Wal-Mart's international division dipped 1.4 percent to $32.4 billion. Wal-Mart projected that second-quarter earnings per share would be between $1.15 and $1.25. Analysts have forecast $1.28. Shares of Wal-Mart declined 3.4 percent to $76.07 in pre-market trade.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today walmart earnings suffer postwinter chill Arab Today, arab today walmart earnings suffer postwinter chill

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today walmart earnings suffer postwinter chill Arab Today, arab today walmart earnings suffer postwinter chill

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday