Wal-Mart Stores, Inc. Reiterates Guidance

Wal-Mart Stores, Inc. (NYSE: WMT) has announced Thursday that it has reiterated guidance for the fiscal year of 2017 and next year as well. According to the company’s current forecasts earnings next year are expected to be flat, as heavy investments on digital and technology segments weighs on the Wal-Mart’s finances.   

In addition the giant retailer announced it will open less new stores than management has originally planned, and will “significantly slow its pace in fiscal 2018” The company now expects adjusted earnings per share of $4.15 to $4.35 in 2017.

An analyst from Moody “Wal-Mart’s forecasts announced this morning are in line with our expectations, especially when the costs involved in building out its online capability are considered… It will take a while for the company to become a true multi-channel retailer.” 

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