Walmart is investing heavily in automation and e-commerce. The key question is whether those investments will lift its return on capital, or simply defend market share.
Walmart’s WMT top line increased by 2.5% in the first quarter (4.0% in constant currency), led by comparable sales growth of 4.5% at its domestic stores and 6.7% at Sam’s Club. Adjusted EPS of $0.61 ...
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