The world's biggest retailer, Wal-Mart, which owns the UK chain Asda, has reported higher quarterly profits in the second quarter.
Profits rose 1.3% to $4.1bn in the three months to July from the same period last year, where analysts had expected slightly more.
Same-store sales at Wal-Mart fell 0.3%.
British subsidiary Asda saw like-for-like sales slow in its second quarter and said consumers remained under pressure.
Wal-Mart revised down its sales expectations for the full year.
It now expects net sales to grow between 2% and 3% in 2013, compared to a previous range of 5% to 6%.
Mike Duke, Wal-Mart's president and chief executive officer, said the retail environment had been challenging across all of the firm's markets.
"I'm encouraged by our position to execute in the second half of the year, particularly with the steps we're taking to improve performance," he said.
Asda, the UK's second-biggest supermarket, reported like-for-like sales, excluding fuel and VAT, rose 0.7%, down from 1.3% in the first three months of the year.
Asda's chief executive Andy Clarke said he was pleased with the result.
"We continued to grow our sales while also investing in holding down the price of essentials," he said.
Asda's figures excluded most of July, when UK retail sales rose at their fastest annual rate in over two years.
Anda sedang membaca artikel tentang
Wal-Mart results miss expectations
Dengan url
http://ukberbaginfo.blogspot.com/2013/08/wal-mart-results-miss-expectations.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Wal-Mart results miss expectations
namun jangan lupa untuk meletakkan link
Wal-Mart results miss expectations
sebagai sumbernya
0 komentar:
Posting Komentar