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WAL-MART STORES INC., $64.67, New York symbol WMT, reported better-than-expected earnings this week. However, the retailer cut its sales forecast for the current year. That caused the stock to fall 3%. In the fourth quarter of its 2016 fiscal year, which ended January 31, 2016, Wal-Mart earned $1.49 a share, down 7.5% from $1.61 a year earlier. These figures exclude costs related to the company’s recently announced plan to close 269 of its less-profitable stores and other unusual items. On that basis, the latest earnings beat the consensus forecast of $1.43. The company’s decision to invest more in its e-commerce businesses and increase worker pay contributed to the decline. Still, those moves should reduce turnover and improve efficiency. On the revenue side, Wal-Mart also plans to expand its selection of fresh fruits and vegetables....
CANADIAN TIRE CORP., $129.83, Toronto symbol CTC.A, saw weaker sales in the latest quarter, as warmer-than-usual weather hurt demand for winter goods such as snow shovels and tires. Lower gasoline prices also dampened revenue at its gas stations. The company’s overall sales fell 7.5%, to $3.4 billion from $3.7 billion. Cost controls and lower marketing costs boosted company earnings, despite the revenue fall. In the three months ended January 2, 2016, the company earned $225.2 million, up 8.1% from $208.3 million a year earlier. Earnings per share gained 13.6%, to $3.01 from $2.65, on fewer shares outstanding, easily beating the consensus estimate of $2.55....
NORTH WEST CO. $30.64 (Toronto symbol NWC; TSINetwork Rating: Extra Risk) (604-231-1100; www.northwest.ca; Shares outstanding: 48.5 million; Market cap: $1.5 billion; Dividend yield: 4.1%) sells food and everyday products and services through 225 stores, mainly in northern communities across Canada and Alaska. It also operates stores in remote regions of Hawaii, the South Pacific and the Caribbean. North West is new to Stock Pickers Digest. Ottawa-based Giant Tiger signed a 30-year deal in 2002 that granted North West the exclusive right to open and operate Giant Tiger stores in Western Canada. Giant Tiger operates 200 general merchandise discount stores. In Canada’s north, North West operates the majority of its stores (122) under the Northern banner, followed by Giant Tiger (33), Quickstop (12) and NorthMart (6)....