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.
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