El Rhazi Hamza de Forbes Real Time.
Wal-Mart‘s growth disappointed once again as its Q1 fiscal 2015 earnings fell short of consensus estimates. The retailer’s U.S. comparable sales (-0.2%) fell for the fifth consecutive quarter and its profits declined by 5% as compared to the same quarter last year. The company stated that its sales and profitability were mainly impacted by adverse weather conditions that prevented store visits, hindered supply chain operations and drove operating expenses higher than expected.
Wal-Mart‘s growth disappointed once again as its Q1 fiscal 2015 earnings fell short of consensus estimates. The retailer’s U.S. comparable sales (-0.2%) fell for the fifth consecutive quarter and its profits declined by 5% as compared to the same quarter last year. The company stated that its sales and profitability were mainly impacted by adverse weather conditions that prevented store visits, hindered supply chain operations and drove operating expenses higher than expected.
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