The accumulated profits of Walmart go down 22.2% until October

The US retail chain Walmart announced today that in the first nine months of its 2018 fiscal year (February-January) it had a 22.2% decrease in its net profits, up to 7,687 million dollars.

New York, Nov 16 (EFE) .- The US retail chain Walmart announced today that in the first nine months of its fiscal year of 2018 (February-January) had a decrease of 22.2% in its net benefits, up to 7,687 million dollars.

This fall is linked to a series of extraordinary payments made in the most recent quarter, such as debt and reserve payments. accountants to close an agreement with the authorities for an investigation into alleged corruption in some countries.

Walmart, the world's largest retail chain, reported today that in For the first three quarters of its 2018 fiscal year, earnings per share was $ 2.54, compared to $ 3.16 in the same period of the fiscal year. previous.

Revenues in the nine months rose by 2.6% compared to the same period last year, to 364.076 million dollars.

With respect to the most recent quarter, the net profits reached 1,749 million dollars, 42.4% less than in the same period of the previous fiscal year.

The quarterly profit per share was 58 cents, compared to 98 cents in the quarter ended in October 2016, and revenues grew by 4.2% to 123,179 million dollars.

The quarterly profit per share was affected with a loss of 29 cents for the payment of debt maturities and an additional 9 cents for the agreement he is seeking with the authorities for accusations of bribes in several countries.

According to the signature, the agreement that is sought will imply, in principle, a reserve of 283 million dollars, although the subject is not yet closed.

The net benefit Adjusted share, excluding extraordinary operations, was 1 dollar accurate, above the 97 cents analysts had calculated.

Quarterly sales in the United States they grew by 2.7% and out of the country they rose by 4.1%. Walmart calculates a net profit per share of between $ 4.38 and $ 4.46, above an earlier calculation that had established the range at $ 4.30-4.40.

The data was being very well received on Wall Street, since one hour after the start of operations the company's titles led the Industrial Dow Jones group, with a gain of 7.87%.