Walmart profit slips as U.S. comparable sales fall

BENTONVILLE, Arkansas — Walmart reported a lower profit for the holiday quarter as comparable sales in the United States declined again.

Comparable sales at its U.S. stores, its biggest unit, fell 0.4 percent in the fiscal fourth quarter, according to the company. Overall revenue rose 1.4 percent to $129.7 billion.

The world’s largest retailer earned $1.60 per share excluding items, down from $1.67 year-to-year.

Source: Reuters

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