A Rare Miss For Walmart To End The Year

NEW YORK (AP) — Walmart reported disappointing fourth-quarter profits and sales after a sluggish and shortened holiday shopping season. Violent social protests in Chile cut into international sales. Walmart also delivered a weak profit forecast for the year, sending shares down about 1% before the opening bell Tuesday. It's a rare miss for Walmart, which has distanced itself from rivals through strong online grocery sales while holding its own against Amazon.com. Walmart is the first major retailer to report fiscal fourth-quarter results, and the numbers underscore a multitude of challenges that retailers faced this holiday season.Read more on NewsOK.com

Topics:  york ap     walmart   violent   chile   amazon.com   newsok   walmart   year   sales   fourth-quarter   holiday   
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