US: Disappointing December sales for Walmart
Retail giant Walmart announced on Saturday (31 December) that its December same-store sales growth has come in at a disappointing 2.2%, the lower end of the predicted range of 2-4%.
It is the lowest December sales growth rate reported by the company in the past five years.
According to Schaeffer's Investment Research, investors have not taken these results well, with Walmart dropping approximately 2% in early trading yesterday (3 January).
The results have also adversely affected other food retailers, who have seen stock value waver as commentators lower their predictions for December sales.
A dairy products company in the US has managed to increase yearly and quarterly sales by almost a quarter. ...
- General Mills sales woes continue - analysis
- Why personalisation will take-off in US food
- US food next wave on display at Winter Fancy Food
- Analysis: Chocolate sector's deforestation pledge
- Comment: Meal kits in US - don't believe the hype
- Kraft Heinz cuts jobs in US, Canada
- Mondelez set for union crosshairs next week
- Mondelez plays down impact of union action
- Brazil seeks to cool concerns over meat probe
- US meal delivery service Blue Apron buys BN Ranch