LightInTheBox Reports Mixed Results for Q4 and FY 2023
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#05ef1dff ver:0.17
Walmart reported strong Q4 results with earnings of $5.49 billion, or $2.03 per share, compared to $6.27 billion, or $2.32 per share, in the previous year. Sales rose 5.7% to $173.38 billion. The number of transactions at Walmart rose 4.3%, but the average ticket price slightly decreased by 0.3%, indicating that shoppers spent slightly less on shopping trips. Walmart's online U.S. sales increased by 17% and its online global sales jumped by 23%, surpassing $100 billion. Walmart's e-commerce business losses were slowing as the company spent less on fulfillment costs. The retailer confirmed the acquisition of smart TV maker Vizio for $2.3 billion to boost its advertising business. Walmart expects earnings per share to be in the range of $1.48 to $1.56 for the first quarter and earnings for t...
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