American Walmart reported a 32.4% drop in net profit in 2018-2019 fiscal year


American retail chain Walmart has published a report for the 2018-2019 fiscal year, which ended in late January. During the earnings period, the company recorded a drop in net profit by 32.4% to 6 billion 670 million dollars. At the same time, its revenue in the amount of 514 billion 405 million dollars showed an annual increase of 2.8%. The report for the fourth quarter showed a net profit growth 1.7 times to 3 billion 687 million dollars. Revenues amounted to 138 billion 793 million dollars, an increase of 1.9%. Walmart estimates that in the next fiscal year its capital expenditures will increase by $700 million to $11 billion.

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