Walmart also unveiled a USD 20 billion share repurchase programme to replace its existing plan, announced in October 2015. The new authorization will be used over a two-year period.
The retailer will continue to focus on remodeling existing stores and incorporating digital experiences in place of building new locations.
Online transactions surged 60% during the Q2 of 2017, according to Walmart report in August.
For the fiscal year 2019, Walmart expects earnings to increase about 5% year over year, with net sales close to 3%, driven by same-store and ecommerce sales growth.
In fiscal 2019, across the US Walmart will open fewer than 15 Supercenters and fewer than 10 of its Neighborhood Markets.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now