Walmart forecasts disappointing full-year sales as lockdowns ease; shares fall ...Middle East

Walmart Inc expects full-year sales and profit growth to slow as it reinvests in its business and lockdowns end, after revenue soared to $560 billion last year as people stocked up on groceries during the pandemic. Shares in Bentonville, Arkansas-based Walmart were down 4.7% in early trading on Thursday. The company has invested heavily in online, advertising and healthcare businesses over the past year, using pandemic-led sales momentum to diversify beyond brick-and-mortar retail.

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