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Walmart Reveals Its Expectations For Near Future

October 6, 2016: 12:00 AM EST
Walmart executives explained to investors its strategic and financial goals over the next couple of years, including continued momentum in the U.S., solid growth in Mexico and Canada, a “sharpened focus” in China, and continued spending on e-commerce. The company reaffirmed its profit guidance for fiscal 2017 of $4.29 to $4.49 per share. The company expects profit per share to be flat in fiscal 2018 compared to 2017, approximately $4.15 to $4.35. It expects to spend $11 billion on capital investment during fiscal 2018.
"Walmart Outlines Plan to Win with Customers, including E-commerce Acceleration, at Meeting for Investment Community Today", News release, Walmart, October 06, 2016, © Walmart
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