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Wal-Mart will be announcing its financial results of its quarter ending January.However, this may be one of the most closely followed Wal-Mart earnings announcements in a while.
Last week, Bloomberg reported that emails exchanged by Wal-Mart executives suggested that February sales so far were a “total disaster.” Blaming the recent payroll tax hike, among other things, at least one exec reportedly wrote that this was the “worst start to a month I have seen in my ~7 years with the company.”
A spokesperson for Walmart told Bloomberg that the emails “lack the proper context.”
Hopefully, any discussion of outlook will provide some context.
The earnings announcement is scheduled for release at 7:00 AM ET. We’ll be covering it live at BusinessInsider.com.