Wal-Mart lowers expansion plan for smaller format stores
Get Alerts WMT Hot Sheet
Price: $59.87 --0%
EPS Growth %: -64.6%
Financial Fact:
Basic net income per common share attributable to Walmart: 0.98
Today's EPS Names:
DGICA, UXIN, TOWN, More
EPS Growth %: -64.6%
Financial Fact:
Basic net income per common share attributable to Walmart: 0.98
Today's EPS Names:
DGICA, UXIN, TOWN, More
Join SI Premium – FREE
(Reuters) - Wal-Mart Stores (NYSE: WMT) said on Tuesday that it now plans to open 160 to 170 of its smaller format stores in the full year to January, down from a previous plan for 180 to 200 stores.
The retailer said in an earnings release that it had decided not to pursue some potential locations for the Neighborhood Markets format because they "would not provide the type of quality experience customers expect".
(Reporting by Nathan Layne Editing by W Simon)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Bristol-Myers Squibb (BMY) stock slips despite earnings beat
- Union Pacific (UNP) Tops Q1 EPS by 18c
- PHINIA Inc. (PHIN) Reports Q1 EPS of $1.08, provides guidance
Create E-mail Alert Related Categories
Conference Calls, Corporate News, ReutersRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!