Walmart: Profits to remain pressured, but sales outlook bright

Walmart: Profits to remain pressured, but sales outlook bright

Officials of Wal-Mart Stores on Wednesday acknowledged that earnings would continue to be under pressure — particularly in the next fiscal year — as a result on ongoing investments in employees and e-commerce.

However, they said, they also expect to grow sales faster than the market, in part with a plan to invest “billions” in price as the employee and e-commerce investments moderate.

CFO Charles Holley said sa

Register to view the full article

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish