• Walmart profit drops, online sales growth slows in holiday quarter

    3 monthes ago - By Reuters

    NEW YORK - U.S. retailer Walmart Inc on Tuesday reported a lower-than-expected quarterly profit and posted a sharp drop in online sales growth during the critical holiday period, sending its shares tumbling more than 9 percent.
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  • Walmart's online sales growth has sharply slowed - and it highlights a key weakness in its battle with Amazon

    Walmart's online sales growth has sharply slowed - and it highlights a key weakness in its battle with Amazon

    3 monthes ago - By Business Insider

    Walmart's online sales grew 23% in the most recent quarter, down from 50% growth in the previous period.
    The company said it failed to keep some basic items in stock over the holidays, as it tried to manage higher demand of seasonal items like televisions and toys.
    Walmart's online sales growth sharply slowed over the critical holiday period, falling to 23% growth from a staggering 50% jump in the previous quarter.
    Walmart CEO Doug McMillon said Tuesday that most of the slowed growth was "expected and planned."
    But some of it was because of operational issues. Specifically, Walmart failed...
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  • Walmart tumbles after online sales growth slows

    Walmart tumbles after online sales growth slows

    3 monthes ago - By Business Insider

    Walmart is down more than 6% Tuesday morning after reporting disappointing earnings.
    The world's largest retailer reported adjusted earnings of $1.33 per share where Wall Street expected $1.37.
    Revenue was better-than-expected, but contributions from e-commerce fell by 27 percentage points from last quarter.
    Shares of Walmart fell as much as 6% in early trading Tuesday after the retailer posted a 42% drop in fourth quarter earnings that missed Wall Street's expectations.
    However, the word's largest retailer reported better-than-expected revenues of $136.27 billion, where analysts polled by...
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  • Walmart tumbles after online sales growth slows

    Walmart tumbles after online sales growth slows

    3 monthes ago - By Business Insider

    Walmart is down more than 6% Tuesday morning after reporting disappointing earnings.
    The world's largest retailer reported adjusted earnings of $1.33 per share where Wall Street expected $1.37.
    Revenue was better-than-expected, but contributions from e-commerce fell by 27 percentage points from last quarter.
    Shares of Walmart fell as much as 6% in early trading Tuesday after the retailer posted a 42% drop in fourth quarter earnings that missed Wall Street's expectations.
    However, the word's largest retailer reported better-than-expected revenues of $136.27 billion, where analysts polled by...
    Read more ...

     

  • Walmart tumbles after online sales growth slows

    Walmart tumbles after online sales growth slows

    3 monthes ago - By Business Insider

    Walmart is down more than 6% Tuesday morning after reporting disappointing earnings.
    The world's largest retailer reported adjusted earnings of $1.33 per share where Wall Street expected $1.37.
    Revenue was better-than-expected, but contributions from e-commerce fell by 27 percentage points from last quarter.
    Shares of Walmart fell as much as 6% in early trading Tuesday after the retailer posted a 42% drop in fourth quarter earnings that missed Wall Street's expectations.
    However, the word's largest retailer reported better-than-expected revenues of $136.27 billion, where analysts polled by...
    Read more ...

     

  • Walmart profit drops, online sales slow in key holiday quarter

    3 monthes ago - By Reuters

    NEW YORK - Retail behemoth Walmart Inc on Tuesday reported a lower-than-expected quarterly profit and posted a sharp drop in online sales growth during the critical holiday period, sending its shares slumping more than 6 percent in premarket trade.
    Read more ...

     

  • Here's Why Walmart's Online Growth Slowed Dramatically Over the Holidays

    3 monthes ago - By Fortune

    Walmart Inc wmt reported a stellar holiday season if you consider U.S. sales and shopper visits.
    But the retail giant's e-commerce growth slowed to 23% in the quarter ended January 31, well below the 50% clip it had hit in the previous quarter. A good chunk of that was simple arithmetic as Walmart lapped its acquisition of Jet.com a year earlier. At the same time, Walmart acknowledged that it had encountered some unspecified snafus that weighed on sales as it faced off with Amazon.com amzn at retail's busiest time of the year.
    “A smaller portion of the slowdown was unexpected, as we...
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