Walmart To Add More Brands

Wall Street analysts heard from Walmart executives on Tuesday (Oct. 16) about their plans to build out the company’s ecosystem and capture opportunities for long-term growth. But, the retail execs warned there could be some short-term trade-offs.

Before the half-day session in Bentonville with analysts, Walmart gave its fiscal-year earnings guidance that included some impact from the Flipkart purchase. The new guidance will range from $4.65 to $4.80 per share, down between 25 and 30 cents, purely related to Flipkart. Next year, tentative guidance forecasts are slightly lower than this year, again because of Flipkart. Without the Flipkart impact, Walmart said earnings would be up next year.    MORE

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