Walmart Stores Inc. (WMT) plans to open 255 new stores internationally within the next two years. The world’s largest retailer will see a total unit growth of 280 new, expanded or relocated stores, including 255 new stores in global markets such as Mexico and China. It also anticipates 1,000 new online grocery locations in the U.S by the end of fiscal 2019.
On the heels of a great year — the stock has jumped 23% year to date — Walmart also affirmed its fiscal 2018 outlook for adjusted earnings of $4.30 to $4.40 a share. The retailer expects a 3% uptick in sales in 2019, driven by stronger comp sales and e-commerce growth, the latter estimated to be about 40% in the same period.