Walmart Inc. forecast less growth in earnings this year than Wall Street was expecting, citing the need for flexibility in unpredictable times for consumers.
The world’s largest retailer said it expects adjusted earnings to rise to between $2.75 and $2.85 per share this fiscal year. Analysts on average were expecting profit to jump to $2.97 per share. Bloomberg’s Emily Cohn joins to discuss on Bloomberg Intelligence. (Source: Bloomberg)
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Walmart’s Cautious Outlook Reflects Uneven State of US Economy
