Thursday, November 17, 2016

Here's Why Walmart Shares Are Taking A Hit Today

Image result for walmart storeWal-Mart Stores reported U.S. comparable sales rose 1.2% in its third fiscal quarter, missing Wall Street forecasts, hurt in part by lower food prices. Analysts had been expecting growth of 1.3%, according to Consensus Metrix. And growth in the number of shoppers who came into its U.S. stores also slowed, only increasing 0.7% and illustrating the challenge of mobilizing shoppers when they can simply go online.

Still, digital sales were the brightest spot in Walmart’s results. E-commerce growth accelerated again, rising 20.6% globally, with the U.S. outperforming other major markets. Prior to the second quarter, Walmart’s e-commerce growth had been shrinking for two years.. . . more

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