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Provider : Wright Reports

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Wal-Mart Stores Inc Issues FY 2014 Revenue Guidance Below Analysts' Estimates; Comments On FY 2015 Revenue Guidance

Tuesday, 15 Oct 2013 03:52pm EDT 

Wal-Mart Stores Inc announced that for fiscal 2014, it forecasts net sales to be in the range between $475-$480 billion. The Company plans to grow company net sales 3 to 5% in fiscal 2015, which is projected to increase net sales by $14 to $24 billion. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $481 billion for fiscal 2014 and $502 billion for fiscal 2015.