Walmart did better than expected at the end of 2022, but its forecasts disappoint

(New York) U.S. supermarket chain Walmart did better than expected over the holiday season, but its 2023 forecast disappointed Wall Street as inflation weighs on consumer spending.

The group achieved a turnover of 164 billion US dollars for the period ended on January 31, i.e. the 4^e quarter of its lagged fiscal year, significantly better than expected. But he anticipates earnings per share of between $5.90 and $6.05 for the current fiscal year, below market expectations.