Walmart sales rise but shares tumble on forecast
Walmart reported solid fourth-quarter results Thursday behind higher US sales, but shares tumbled after its quarterly and annual projections missed estimates. The retail heavyweight, the biggest US private-sector employer, pointed to strength in grocery and pharmaceutical sales in its home market as more high-income shoppers are drawn in for its value proposition…
Walmart reported solid fourth-quarter results Thursday behind higher US sales, but shares tumbled after its quarterly and annual projections missed estimates. The retail heavyweight, the biggest US private-sector employer, pointed to strength in grocery and pharmaceutical sales in its home market as more high-income shoppers are drawn in for its value proposition…
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