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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Walmart Inc | NYSE:WMT | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.05 | -0.08% | 60.16 | 60.39 | 60.00 | 60.15 | 11,045,222 | 00:10:16 |
By Ian Walker
LONDON--Comparable sales at Asda fell 2.9% in the fourth quarter of 2016, its parent Wal-Mart Stores Inc. (WMT) said Tuesday, as the U.K.'s third largest grocer by market share faced challenging conditions.
"In the U.K., we faced some challenges this past year and we're addressing this with urgency," said Wal-Mart President and Chief Executive CEO Doug McMillon.
He added that fourth-quarter sales, which exclude petrol, were an improvement on the previous quarter, which fell 5.8%, Wal-Mart said. "I'm glad comp store sales improved during the fourth quarter, but we have a lot of work to do," Mr. McMillon said.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
February 21, 2017 09:46 ET (14:46 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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