Wal-Mart Raises Annual Profit Outlook, Reports Strong Sales - News Summed Up

Wal-Mart Raises Annual Profit Outlook, Reports Strong Sales


The company raised its earnings outlook for the year on Thursday and delivered strong profit and sales for the second quarter, as moves to improve the store and online experience are winning over customers. And it's pressing ahead with online grocery and pick-up services. Wal-Mart, meanwhile, is vastly expanding the items available on its website, and global online sales rose 11.8 percent in the second quarter. Revenue at U.S. Wal-Mart stores opened at least a year rose 1.6 percent, its best performance since 2012. Access a Zacks stock report on WMT at http://www.zacks.com/ap/WMT—————Keywords: Wal-Mart Stores, Earnings Report, Priority Earnings————Follow Anne D'Innocenzio on Twitter at http://www.Twitter.com/adinnocenzio


Source: ABC News August 18, 2016 11:21 UTC



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