19.08.2016 - Wal-Mart has received 3.77 billion dollars in profits
American retailer Wal-Mart stated about the sales growth in the second quarter despite a decline in attendance in the majority of retailers in the US in connection with the popularity growth of online sales. Thus, attendance increased during the period by 1.2% on the background of improvements in the stores, low fuel prices and warm weather. In addition, the company recently announced the purchase of Jet.com for increasing online sales. As a result, the company's profit amounted to 3.77 billion dollars against 3.48 billion in the same period last year. Revenue rose by 0.5% to 120.85 billion dollars. We expect growth in the company's shares by 25-30% per annum in the medium term, but do not rule out correction in the coming weeks.