date:Jun 25, 2014
resident of sales innovation for the U.S.
In his almost five months as CEO, McMillon has been working to revive U.S. growth. The turnaround was hampered last quarter by slow traffic at Sams Club locations as well as harsh winter weather. Sales and profit trailed analysts estimates in the period, which ended April 30.
Wal-Mart also forecast second-quarter profit that missed estimates. Earnings will be $1.15 to $1.25 a share, compared with the $1.28 projected by analysts.
Wal-Mart shares have d