Daily Traders Edge

Wal-Mart forecasts tepid sales growth; stock slides

February 19
01:50 2016

Results for the fourth quarter ended on Jan. 31 show Wal-Mart is struggling to make those investments bring significant top-line growth, but it also suffers from a stronger dollar that has been slicing into the value of revenue generated overseas. For the current quarter, Wal-Mart said it expected a U.S. same-store sales increase of 0.5 percent, slower than the year-earlier rise of 1.1 percent. The tepid sales forecast is troubling because it comes despite the investments in wages and renovations, Edward Jones analyst Brian Yarbrough said.

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