The US retail giant expects fourth-quarter and full-year profit to be in the low end or below its estimates - weighed by extraordinary charges related to the closure of its branches in Brazil and China and the restructuring of the Sam's Club chain in the United States
The profit warning has been launched. Walmart expects fourth-quarter and full-year profit to be at the low end or below its estimates.
The American retail giant explained that the extraordinary charges linked to the closure of its branches in Brazil and China and the restructuring of the Sam's Club chain in the United States will weigh on its results.
For Walmart, sales at stores that have been open for at least a year will be slightly lower than expected in the fourth quarter.
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