Walmart Bucks Supply-Chain Snarls With Upbeat Annual Outlook

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Walmart Bucks Supply-Chain Snarls With Upbeat Annual Outlook

Bloomberg2022-02-17

(Bloomberg) -- Walmart Inc. surpassed Wall Street’s quarterly profit expectations and unveiled an upbeat sales outlook for the current fiscal year despite persistent cost pressures and flagging ...

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Justin8991
·2022-02-17
Ok
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ZhiLing
·2022-02-17
yup
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CCYMoney
·2022-02-17
Hi
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benjaminlsk
·2022-02-17
Nice
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KW1
·2022-02-17
Ok like
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plasticbag
·2022-02-17
Ok
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Lcc73
·2022-02-17
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JonC1997
·2022-02-17
Hi
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Last quarter, comparable sales at Walmart’s U.S. stores rose 5.6% with market share gains in the grocery business, while analysts had predicted 5.5%.Walmart is also trying to develop businesses in digital advertising, financial services and health care, and it’s investing heavily in e-commerce. The company is planning capital expenditures in the current fiscal year to be at the upper end of 2.5% to 3% of net sales with a focus on supply chain, automation, customer-facing initiatives and technology.Walmart’s U.S. e-commerce sales, a closely watched metric, rose 1% in the fourth quarter while analysts were looking for a 2.2% gain. Online sales got a substantial boost during pandemic lockdowns, but demand has been slowing as shoppers venture back into stores.To further boost its e-commerce business, the retailer last year debuted Walmart+, an online subscription offering, to compete with Amazon.com Inc.’s Prime program. 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