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Walmart Expects To Mark A $2.5B Non-Cash Loss On Asda

By John F. Heerdink, Jr.

As per reports, Retail giant Walmart Stores, Inc. (WMT) is expected to mark a non-cash loss of $2.5 billion this fiscal year, as a result of the sale of Asda, its British supermarket chain.

Founders of petrol station operator EG Group, and private equity firm TDR Capital,  the billionaire brothers, Mohsin, and Zuber Issa announced to buy Asda from Walmart for $8.8B, diluting Walmart’s earnings by 25 cents per share after the completion of the transaction. The transaction is expected to close in the first half of fiscal 2022.

Walmart Stores, Inc. (WMT) is a worldwide retailer that operates in various formats. The three segments of the company include Walmart U.S., Walmart International, and Sam’s Club. The company is comprised of discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, and membership-only warehouse clubs; and retail Websites. To learn more about Walmart (WMT) and to continue to track its progress please visit the Vista Partners Walmart Coverage Page

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. 

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(Read Original Story: Walmart expects to post $2.5 bln non-cash loss on Asda sale in Reuters)


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