Walmart Tells Investors Why Growth Will Rebound
Walmart (NYSE: WMT) recently announced sluggish fourth-quarter results that took away from an otherwise stellar fiscal year. The retailing titan's holiday sales period was its weakest of 2019, yet revenue and customer traffic gains were still among the best results the business has put up in a decade.
CEO Doug McMillon and his executive team said in the earnings release that they have a good handle on what went wrong during the quarter and sought to assure investors that the challenges are likely temporary. In an investor presentation, executives went into detail about the chain's hits and misses while explaining some key points about Walmart's outlook for the new fiscal year.
Let's look at some highlights from that presentation.
Source Fool.com
