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Walmart sales disappoint in tough quarter

by LLB Editor
18th Feb 20 12:02 pm

Sales at US retail giant Walmart grew at a slower pace than expected in the fourth quarter, following disappointing trade in the run-up to Christmas.

At Walmart’s US stores that have been open for at least a year, sales rose 1.9% in the three months to 31 January, which was below analysts’ forecasts of 2.35%.

Adjusted earnings per share dropped to $1.38 per share, below expectations of $1.43 per share.

Walmart chief executive Doug McMillon said “sales leading up to Christmas in our US stores were a little softer than expected”.

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