Wal-Mart experiences third-quarter growth

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Wal-Mart Stores, Inc. has released its third-quarter financial report. Earnings per share reached $1.15 from continuing operations, compared to $1.14 in the same period last year.

Walmart U.S. experienced an increase in net sales of $2.3 billion or 3.4 per cent to a total of $70 billion. Consolidated net sales for the store increased by $3.2 billion or 2.8 per cent to a total of $118.1 billion.

Walmart forecasts its fourth quarter earnings per share will reach between $1.46 and $1.56, including an estimated $0.03 per share related to the upcoming closures of underperforming stores in Japan. Last year’s fourth quarter earnings per share reached $1.34.

The company’s e-commerce sales increased by 21 per cent based on a constant currency.

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