18 Nov Walmart ‘Encourages’ Investors With Q3 Street Beat, Comp Growth
It’s not all dismal earnings this week.
Wal-Mart Stores Inc. gave the market a nudge Tuesday with in-line revenues and comparable store sales and better-than-expected Q3 earnings.
“Overall we had a good quarter,” said Walmart President and CEO Doug McMillon during the firm’s conference call. “We delivered earnings per share well within our guidance range, recorded our fifth straight quarter of positive comps at Wal-Mart U.S. and had solid international sales and profit growth on a constant currency basis.”
At the same time, the CEO continued, the company still has plenty of work to do.