NEW YORK – Walmart swung to a loss in the fourth quarter as the sale of its Japan and United Kingdom divisions weighed on its performance.
Sales, however, surged 7.4% increase in the period that includes the critical holiday shopping period. The nation's largest retailer also Thursday that sales at stores opened at least a year rose 8.6% for the period ended Jan.
31, compared with 6.4% in the previous quarter. Online sales rose 69%, but that is down from the 80% jump in the previous quarter, and the slowest growth since the beginning of the pandemic.
And the company said it expects overall sales to moderate this year. Shares dipped 5% before the opening bell Thursday. Walmart Inc.