Wal-Mart Q4 comps beat estimates

Advanced Search
List Your Company
Login

Wal-Mart Q4 comps beat estimates

by Pamela Riemenschneider, Feb 22, 2017

Bentonville, Ark.-based Wal-Mart Stores Inc. reported an increase of 1.8% in same store sales, which beat the 1.3% analysts expected, during its most recent quarterly report.

Doug McMillon, president and CEO said during a scripted portion of the earnings report held Feb. 21 that the company’s total revenue grew 3% in the quarter and 3.1% for the year.

McMillon praised the company’s efforts to reduce inventory and train employees, particularly the newly-established training academies.

“We expect to train more than 225,000 department managers and hourly supervisors by this fall,” he said, during the call. “In fact, I recently visited a store in Morrisville, N.C., where they had reduced inventory so significantly that the backroom was empty enough for them to build a training academy there. These initiatives are paying off for our customers through cleaner stores, friendlier service and faster check-out times.”

Wal-Mart reported $485.9 billion in total revenue in fiscal 2017, the company says, an increase of 3.1%.

Visit corporate.walmart.com for an interactive view of the company’s quarterly report.

Want to know McMillion’s three predictions for the future of retail? Check out this post from blog.walmart.com.





Listings of Interest

default_product_image
 Save
Herbs Bamboo Shoots Basil Bay Leaves Chervil Chives Cilantro Dill Fennel Fiddlehead Marjoram Mint Oregano Parsley Rosemary Sage Savory Sorrel Tarragon Thyme Italian Parsley Lavender Opal Basil Onions, Bulb White Onions Red Onions Yellow Onions Yellow Boiler Onions Red Boiler Onions White Boiler Onions Tomatoes Dried Tomatoes Beefsteak Tomatoes Round Tomatoes Red Cherry Tomatoes Yellow Cherry Tomatoes Red Cherry Tomatoes on the Vine Red Cocktail Tomatoes Plum/Roma Tomatoes on the Vine Greenhouse/Hydroponic Tomatoes Red Plum/Roma Tomatoes Yellow Plum/Roma Tomatoes Vine-Ripe Tomatoes Yellow Tomatoes Yellow Tomatoes on the Vine Red Tomatoes on the Vine Red Pear/Teardrop Tomatoes Yellow Pear/Teardrop Tomatoes Heirloom Tomatoes Grape Tomatoes Red Cocktail Tomatoes on the Vine Yellow Cherry Tomatoes on the Vine
Lauren Haines Added By Lauren Haines

Verchio Produce LLC

NJ, 08030
jovifresh
 Save
Blueberries Strawberries Limes Pineapple Cabbage Cauliflower Peppers, Bell Peppers, Chili Broccoli Carrots Celery Lettuce Tomatoes Cactus Leaves Malanga Organic Peppers, Bell Persian Limes Hass Avocados Green Cabbage White Cauliflower Cilantro Red Bell Peppers Yellow Bell Peppers Orange Bell Peppers Green Bell Peppers Jalapeño Peppers Poblano Peppers Serrano Peppers Anaheim Peppers Iceberg Lettuce Beefsteak Tomatoes Red Plum/Roma Tomatoes Grape Tomatoes
Produce Market Guide Directory Added By Produce Market Guide Directory

JOVI Fresh Inc. (dba Phenix MV Inc.)

TX, 78504-2751




Become a Member Today

Membership Options