The world’s biggest retailer set forecasts below analysts’ expectations, despite reporting a strong fourth quarter with revenues for the period up 7.3% to $163bn (£136.3bn). Consolidated operating income for the period was down 5.5% to $5.6bn (£4.63bn). 

Walmart said comparative sales for the quarter grew 8.3% year-on-year, ecommerce sales were up 17% year-on-year and it continued to gain market share in grocery.