Wal-Mart Slashes FY2015 Sales Growth Forecast to 2%-3%

Wal-Mart Slashes FY2015 Sales Growth Forecast to 2%-3%

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Business

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Walmart has revised its growth forecast for fiscal year 2015 to 2-3%, down from 3-5%. CEO Doug Mcmillon is visiting stores to identify areas for improvement, with a priority on boosting comparable sales in the U.S. Walmart plans to expand its neighborhood markets, a smaller grocery format, but it's uncertain if this will improve sales. The company is focused on its largest market, the U.S., and aims to enhance its business performance.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the growth forecast for Walmart in fiscal 2015?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What did CEO Doug McMillon say about the company's individual stores?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is considered the weak spot for Walmart according to the text?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the plans for Walmart's expansion in the United States?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What type of grocery stores is Walmart planning to build more of this year?

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