Walmart cuts profit forecast, blames food and fuel inflation
(Reuters) -Walmart Inc on Monday said it was cutting its forecast for full-year profit, due to pricing actions aimed to improve inventory levels at Walmart and Sam’s Club in the United States.
Source: www.reuters.com
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(Reuters) - Walmart Inc on Monday trimmed its forecast for full-year profit.
The company now expects adjusted earnings per share for the full year to decline around 11% to 13%.
Reporting by Deborah Sophia in Bengaluru; Editing by Anil D’Silva
