Skip to main content

Wal-Mart lowers revenue outlook for year

By WTOP Staff

The Associated Press

Wal-Mart Stores Inc. says a tougher sales environment will hurt its revenue this fiscal year.

The retailer already warned investors in February that it would come in at the low end of its earlier forecast of 3 to 5 percent gains. Wal-Mart said Wednesday that it now expects its revenue will be up 2 to 3 percent over the prior fiscal year, when it generated $473.1 billion.

That calculates to a forecast of roughly $482.6 billion to $487.3 billion for the current fiscal year. Analysts polled by FactSet were anticipating the Bentonville, Arkansas, company would generate revenue of $487.45 billion.

Shares of Wal-Mart closed down 3.6 percent, their worst one-day drop in nearly two years.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Emergency guide: What you should do to prepare for emergencies

By WTOP Staff
WASHINGTON — Do you know what you'd do if an emergency hits? What if you're at work, your spouse is stuck in traffic and your children are in school? There's no way to plan for every emergency, but you can make sure you're prepared for different scenarios, including making a plan for your family and building a kit of emergency supplies.
Read Next Story

Related News

Where to take the family while they visit DC

Step-by-step guide: How to make the perfect Thanksgiving pie

All remaining charges in Freddie Gray cases dropped