We're About To Get Some Context For Those Leaked Wal-Mart Emails


Photo: daysofthundr46 / Flickr

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.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

moneygame-us walmart