Wal-Mart Stores, Inc (NYSE:WMT) reported on Friday that it has parted approaches with a public relations company whose worker was found to have caused as a reporter at an event staged by Wal-Mart opponents.
Spokesperson of retail giant Wal-Mart Steven Restivo reported in a statement that his corporation and Mercury Public Affairs had decided jointly to end their business relationship. The city records show that mercury had won $60,000 to lobby officials at Los Angeles City Hall over a planned Wal-Mart grocery in Chinatown.
Restivo stated that they take this issue seriously and have taken the right steps to make sure this type of activity was not repeated.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. PriceSmart, Inc. (NASDAQ:PSMT) fell -1.04% to settle at $63.70, Costco Wholesale Corporation (NASDAQ:COST) moved up +0.59% to end at $90.43 while Fred’s, Inc. (NASDAQ:FRED) surged +0.27% to finish on Friday at $14.88.
Wal-Mart Stores, Inc. (NYSE:WMT) last session volume of 11.41 million shares was slightly lower than its average volume of 11.77 million shares. The stock after opening at $68.09 hit high price of $68.35 and then closed at $67.30 by scoring -0.59%.
WMT generated revenue of 455.78 billion in the following twelve months and earned $16.08 billion. The Company showed a positive 3.68% in the net profit margin and as well as in its operating margin which remained 5.93%. Company’s annual sales growth for the past five year was 5.11%.
The WMT past twelve months price to sales ratio was 0.50 and price to cash ratio remained 28.05. As far as the returns are concern, the WMT return on equity was recorded as 24.01% and increased 13.79% return on investment while its return on asset stayed at 8.75%.
The stock showed weekly downbeat performance of -0.66% which was maintained for the month at +4.21%. Likewise the positive performance for the quarter was recorded as +11.53% and for the year was +29.72% while the YTD performance remained at +14.15%.
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