Walmart earnings and outlook fall short as holiday season disappoints

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Walmart reported Q4 earnings today that fell short of analysts’ estimates. “There are some things we did in stores that we think we need to change up for next year,” CEO Doug McMillon says.

, claiming customers shopped at record levels and that it quadrupled one-day and same-day deliveries over the period.

Walmart reported net income for the quarter ended Jan. 31 of $4.14 billion, or $1.45 cents a share, compared with $3.69 billion, or $1.27, a year eaarlier. Excluding one-time items, Walmart earned $1.38 a share, short of Refinitv expectations for $1.43 per share. Revenue during the fourth quarter grew about 2.1% to $141.67 billion from $138.79 billion a year ago. But that was short of estimates for $142.49 billion.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Fuck Walmart we don't even go there anyways.

The MAGA Trailer-Park Superstore

Buying fewer ideas since dairy shelves have many date expired products for sale. Forced me to shop elsewhere for all my groceries. In last 3 mo told store mgt multiple times. Nothing changed w exception of where I shop.

No accident Tim Cook releases these numbers on a holiday so the cavalry can come to the rescue. Apple. 2nd Biggest economy in the world is not buying iphones. Apple is heading to $225. Apple TV Plus Joke

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Walmart misses on fourth-quarter earnings as guidance shy of forecastWalmart reported a rise in fourth-quarter net income as the retailing giant issued guidance that didn't meet analyst estimates. Walmart said its fiscal...
Source: MarketWatch - 🏆 3. / 97 Read more »