Wal-Mart Cuts Guidance On Weak Traffic, Higher Expenses And Slow Online Growth

The company's earnings per share increased by just 0.6% as its profits were dented by higher healthcare costs. Following these results, Wal-Mart slashed its full year EPS guidance from $5.10-$5.45 to $4.90-$5.15 as it expects healthcare expenses, compliance costs, an increase in labor hours and e-commerce investments to weigh on its profits.