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Walmart breaks down how the coronavirus has hit its $10 billion business in China

walmart produce employee china mask coronavirus

  • Walmart’s leadership weighed in on coronavirus concerns during the retail giant’s investment community event on Tuesday.
  • CFO Brett Biggs said that “sales have been okay” in China, although Walmart has faced issues with its product mix as consumers scramble to buy up essentials.
  • Right now, Biggs said he is anticipating the outbreak to have “negative impact” to the tune of just a few cents for Walmart in the first quarter.
  • CEO Doug McMillon said that its stores have largely remained open, although many are operating under reduced hours.
  • “We like to keep stores open,” McMillon said. “Customers need us.”
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    Source:: BusinessInsider.Com