Save Money, Shop Less At Wal-Mart: Weak Profit Forecast And Holiday Sales
Posted on February 21, 2013 at 08:07 AM EST
Wal-Mart today offered a lower-than-expected first-quarter profit forecast, less than a week after a leaked memo reportedly called February sales a "total disaster." The disappointing guidance follows a fourth quarter in which the world's largest retailer booked less revenue than Wall Street predicted.
Wal-Mart today offered a lower-than-expected first-quarter profit forecast, less than a week after a leaked memo reportedly called February sales a "total disaster." The disappointing guidance follows a fourth quarter in which the world's largest retailer booked less revenue than Wall Street predicted.
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