Wal-Mart Stores on Thursday reported flat U.S. comps and a 2.4% decline in U.S. operating income during the fiscal second quarter ended July 31. Overall net income was up slightly. Walmart also said that higher health care costs and further investments to drive e-commerce initiatives would eat into profits during the second half of the year, lowering its anticipated annual earnings per share to a range of $4.90 to $5.15 from previous forecast of $5.10 to $5.45. Walmart said comps at its ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.