Forbes says Walmart Low Prices Pinch Profits. . .

Forbes reports Walmart mixed 3rd Quarter results  …

Wal-Mart reported mixed Q3 results with an 8% increase in its net revenues over the same quarter last year. This was due to an increase of 1.3% and 5.7% in comparable sales in the U.S. and Sam’s Club segment respectively.  Profits witnessed a decline of 3% over the same period, however, and missed analyst estimates.

 

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