Wal-Mart Earnings Miss; Weak Outlook
February 20th, 2014Ahh, the recovery seems to be continuing apace…
Via: AP:
Wal-Mart Stores Inc. offered a weak profit outlook, signaling that it expects economic pressures to keep weighing on its low-income shoppers around the world.
The world’s largest retailer also said Thursday that its fourth-quarter profit, which covers the crucial holiday season, dropped 21 percent. Its Wal-Mart stores recorded their fourth consecutive quarter of declines in revenue at stores open at least a year.
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