Why Is Everyone Talking About Walmart Stock?

By most accounts it was a solid fourth quarter for the word's largest retailer. Same-store sales in the U.S. grew 8.6%, driving companywide revenue of $152.1 billion. That's 7.3% better than the year-ago top line, topping estimates of $148.3 billion. E-commerce sales continued their double-digit march, improving another 69%. Per-share operating earnings of $1.39 missed the consensus $1.51, but operating income was still up 3.1%, and we know exactly why the bottom line fell short -- COVID-related costs.

Yet, Walmart (NYSE: WMT) shares are down nearly 11% since it reported its Q4 results. Investors are concerned by the earnings miss, though seemingly downright annoyed by the retailer's capital expenditure plans for the year now under way.

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Source Fool.com