Content about Walmart Global

February 22, 2013

President and CEO of Walmart Global eCommerce, Neil Ashe, made a cameo appearance during Walmart’s fourth quarter earnings presentation to shed light on omnichannel investments that caused the company to forecast 2013 profits below analysts’ estimates.

President and CEO of Walmart Global eCommerce, Neil Ashe, made a cameo appearance during Walmart’s fourth quarter earnings presentation to shed light on omnichannel investments that caused the company to forecast 2013 profits below analysts’ estimates.

Walmart’s forecast first quarter earnings in the range of $1.11 to $1.16 and full year earnings in the range of $5.20 to $5.40. Embedded in those numbers are huge investments in ecommerce that will cost the company about nine cents a share.