Walmart cut its quarterly net profit by 30%

The world's largest retailer, American Walmart, following the results of the first fiscal quarter ended April 30, reported a 30% decrease in net profit in annual terms to $2 billion 130 million. Adjusted earnings were 1 dollar 14 cents per share, the analysts had predicted 1 dollar 12 cents per share. Quarterly revenue increased by 4.4% to 122.7 billion dollars. Analysts had expected the figure at $120.5 billion. Comparable sales of Walmart in the US increased by 2.1%, the number of shoppers increased by 0.8%. Capitalization of Walmart since early 2018 has decreased by almost 13% and amounted to 249.5 billion dollars.

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