Walmart Inc

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Debt Financing / Related, Other Pre-Announcement

Massmart Sees FY Headline Loss Per Share At Least 40% Worse

Published: 12/21/2021 11:36 GMT
Walmart Inc (WMT) - Jse: Msm - Sales Update and Trading Statement, Update on Portfolio Review and Capital Structure Update.
Massmart - Total Group Sales for 48-week Period Ended 28 November 2021 Amounted to R75.3 Billion.
Massmart - Walmart Has Agreed to Optimize Balance Sheet in Short to Medium Term, by Extending Term of a Portion of R4 Billion Loan to Massmart.
Massmart - Lost Trading Profits Resulting From Damaged Stores for Period July to December 2021 is Estimated at Around R450 Million.
Massmart - Expects FY Headline Loss per Share Will Be at Least 40% (170.7 Cents per Share) Worse.
Massmart - FY Headline Earnings Includes Impacted of Significant Inventory Write-off As a Result of Looting.