Walmart Shares Down as International Growth Slows
Filed under: Company News, Wal-Mart Stores, Retail
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Wal-Mart Stores Inc’s (WMT) full-year profit may miss analysts’ expectations as growth slows in its international markets, pressuring the company even as its U.S. discount stores continue to prosper.
The world’s largest retailer, viewed as a barometer of economic activity, said on Thursday its cash-strapped customers tend to spend more at the beginning of the month when they get their paychecks. That “paycheck cycle” has extended its reach to the company’s markets beyond the…
Walmart Shares Down as International Growth Slows originally appeared on DailyFinance.com on 2012-08-16T18:15:00Z.
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