Walmart Inc. (WMT): What's the Story?

Walmart’s bricks-and-mortar operation is its power centre and continues to grow

Walmart said as well that its profit margins in the USA were hit due to lower prices as well as by more sales shifting online.

Analyst Brian Yarbrough of financial services firm Edward Jones described the results as a "mixed bag" for Walmart, which faces pressure as it lowers prices, invests in technology and builds its online business to compete with

Walmart's online business has grown rapidly in the past year.

It's worth pausing to at least try to comprehend the mind boggling size of Walmart - which for years has sat at the top of the Fortune 500.

Analysts are split on whether that will happen, with RBC analyst Scot Ciccarelli telling investors in a note, "It is hard to ignore the magnitude of the slowdown in e-commerce".

Mr McMillon said he was encouraged by Asda's continued recovery, but said there was "more work to do".

Walmart Stores Inc. the worlds biggest retailer is in negotiations with Flipkart, leading e-commerce marketplace to buy more than 30 percent stake in the company in order to open another global front in its battle against Amazon.

Put simply, ran out of some things during the holiday season.

Well, because Walmart's e-commerce segment was expanding much faster in previous quarters. Its year-end forecast for online sales growth is 40%.

"Non-food e-commerce has not been our historic competency over the last few decades and the history of the company, and so we're learning something new", McMillon told investors on a call Tuesday morning. The company reported that in the quarter, e-commerce sales at Walmart U.S. increased 23% year-over-year, while gross merchandise volume grew 24%.

The Bentonville, Arkansas-based company had been getting a tailwind from its acquisition of, an online upstart that it bought in 2016.

Shares of Walmart were down over 10% on Tuesday and helped to pull down numerous other retail stocks with it.

McMillon has sworn to fix the problem, but while Walmart is still learning how to master online, Amazon is running away with it. Amazon had a record-setting holiday season, and analysts estimate that it took almost half of all online sales. Walmart's previous tax rate was 32.5 percent. Walmart recorded $86.6 billion in sales, a 3.4 percent increase from a year ago.

"The wound was a little self-inflicted in that they said they were going to draw down a little bit this quarter because they needed to do some technology".

In the fourth quarter of the company's fiscal year 2018 ended January 31, 2018, the retailer generated $135.2 billion in sales, representing a 4.2% increase year-over-year while also beating Wall Street's expectation of $134.9 billion.

Total revenue across Walmart grew 3.1% in the fourth quarter and by 3% across 2017.

The news, announced Tuesday, overshadowed the discounter's better-than-expected sales at its established stores and higher customer counts as online services linked to its fleet attract more shoppers. Sam's Club comp sales, excluding fuel, increased 2.4% led by comp traffic growth of 4.3%. eCommerce sales were up 23% during the quarter. All told, nine of Walmart's 11 markets reported positive comp sales, including its four largest markets.

While still near four-year highs, yields have leveled off somewhat of late, as benchmark 10-year Treasury notes last fell 5/32 in price to yield 2.895 percent, from 2.877 percent late on Friday.

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