Net income fell 23.2 percent to $2.9 billion. Revenues rose 2.1 percent to $123.4 billion. Thursday's results are the latest in a series of reports in which the world's biggest retailer has lifted overall sales through store beautification, higher employee pay and stepped-up investment in e-commerce. "Our customers are responding to the improvements in stores and online," said chief executive Doug McMillon. "We are moving faster and becoming more creative as we strive to make every day easier for busy families." Wal-Mart projected full-year profits of $4.30 to $4.40 per share, in line with analyst estimates for $4.37.
Copyright Agence France-Presse, 2017