Edition:
United Kingdom

Walmart Says Based On Current Exchange Rates, Estimate Q2 Sales Will Be Negatively Affected By About $1 Bln


Thursday, 16 May 2019 

May 16 (Reuters) - Walmart Inc ::WALMART - BASED ON CURRENT EXCHANGE RATES, ESTIMATE Q2 SALES WILL BE NEGATIVELY AFFECTED BY ABOUT $1 BILLION.WALMART - "FIRST QUARTER RESULTS PUT US IN A GOOD POSITION TO ACHIEVE FULL-YEAR GOALS".WALMART SAYS MONITORING TARIFF DISCUSSIONS AND HOPEFUL THAT AN AGREEMENT CAN BE REACHED.WALMART - IN THE U.K., WE ARE DISAPPOINTED THAT THE PROPOSED MERGER OF ASDA WITH SAINSBURY'S ISN'T HAPPENING.WALMART - "FOCUSED ON CONTINUING TO EXECUTE STRATEGY TO STRENGTHEN ASDA'S LONGTERM SUCCESS, INCLUDING POTENTIAL OF AN IPO AT SOME POINT IN THE FUTURE".WALMART - IN U.S., ON TRACK TO OFFER SAME-DAY GROCERY DELIVERY FROM 1,600 STORES WHILE ALSO OFFERING GROCERY PICKUP FROM 3,100 STORES BY YEAR-END.WALMART - THE ASDA TEAM IS MAKING PROGRESS ON "KEY STRATEGIC PRIORITIES".