Arab Today, arab today walmart scores solid thirdquarter earnings as us sales revive
Last Updated : GMT 02:14:24
Arab Today, arab today
Arab Today, arab today

Wal-Mart scores solid third-quarter earnings as US sales revive

Arab Today, arab today

Arab Today, arab today Wal-Mart scores solid third-quarter earnings as US sales revive

Walmart's total revenue surged
New York - AFP

Wal-Mart Stores, the world's biggest retailer, posted solid third-quarter earnings Thursday helped by its ability to raise prices in the US market and gains in its small Neighborhood Market stores.
Net income was $3.71 billion in the quarter that ended October 31, down 0.7 percent from a year ago.
Earnings of $1.15 per share were up 0.9 percent from a year ago and well above the Wall Street consensus of $1.12.
Total revenue for the big-box retailer surged nearly three percent higher to $119.0 billion, missing estimates of $118.35 billion.
Wal-Mart said negative currency exchange movements deducted $396 million from sales.
Net sales in the US market, which account for 60 percent of the company's sales, rose 3.4 percent to $70 billion. A 0.7 percent decline in traffic was offset by an average price rise of 1.2 percent.
US comparable sales -- sales in stores open a year ago -- rose 0.5 percent, the first growth in nearly two years.
Sales were helped by its Neighborhood Market stores, smaller-scale stores aimed at the urban market, where comparable sales jumped about 5.5 percent.
"We have some things in our favor this fourth quarter, including lower fuel prices in the US and other key markets," said Doug McMillon, Wal-Mart Stores president and chief executive, in a statement.
The company predicted US sales in the fourth quarter would come in between flat and 1.0 percent growth. A year ago, they fell 0.4 percent.
Wal-Mart recently announced it was expanding its Black Friday deep-discount sale this month to five days of deals in stores and online.
Sales on Black Friday, the day after the Thanksgiving Day holiday, traditionally kick off the crucial year-end holiday shopping season for retailers. This year Black Friday falls on November 28.
Wal-Mart narrowed its full-year forecast to between $4.92 and $5.02 per share, in part due to the planned closure of underperforming stores in Japan.
Shares in Dow member Wal-Mart soared 2.5 percent to $81.15 in pre-market trading.

 

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 scores solid thirdquarter earnings as us sales revive Arab Today, arab today walmart scores solid thirdquarter earnings as us sales revive

 



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 scores solid thirdquarter earnings as us sales revive Arab Today, arab today walmart scores solid thirdquarter earnings as us sales revive

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today What's the reason and what you can do

GMT 05:44 2017 Sunday ,22 October

What's the reason and what you can do
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Syrian children die of hunger

GMT 19:25 2017 Sunday ,22 October

Syrian children die of hunger
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 10:18 2017 Saturday ,21 October

How to do open-heart surgery

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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