--FILE--Customers walk towards a Walmart supermarket in Yichang city, central China's Hubei province, 24 July 2015. Wal-Mart Stores Inc reported we
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--FILE--Customers walk towards a Walmart supermarket in Yichang city, central China's Hubei province, 24 July 2015. Wal-Mart Stores Inc reported weaker quarterly earnings and lowered its annual forecast, as it copes with higher labor costs, a squeeze on pharmacy margins and sliding sales at its British supermarket chain. Net profit fell to $3.48 billion in the second fiscal quarter ended July 31, from $3.92 billion a year earlier. Wal-Mart lowered its per share forecast for the year ending in January to a range of $4.40 to $4.70 from its outlook of $4.70 to $5.05 in February. Wal-Mart achieved 1.2 percent year-on-year total sales growth in Chinese market for the quarter, the company told the Global Times on Wednesday (19 August 2015).