Walmart's fourth-quarter earnings report revealed a 4% increase in revenue and a significant 20% growth in e-commerce sales. However, the company faced a drop in stock prices due to fiscal year profit projections falling short of analyst expectations, with earnings per share forecasted at $2.50-$2.60 versus the $2.76 predicted. Despite positive trends in store pickups and deliveries, factors such as shifting global trade policies and tariffs pose risks to future affordability and growth, leading Walmart to focus on maintaining value for customers amidst these challenges.
"Our prices are low and we are becoming more convenient," CEO Doug McMillon added on the call. "Customers and members are going to be looking for value. They're going to be looking for convenience."
During an investors call on Thursday, John David Rainey, chief financial officer, said that faster, more frequent deliveries and low costs have helped Walmart's e-commerce business grow over the years.
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