What: A USD 5.7 billion loss related to the sale of Asda group

Why it is important: Due to the retailer hyperactivity online and ability to upgrade its operations, the financial loss did not affect the share price

Following Walmart’s announcement of selling UK Retailer Asda last October, the end of the fiscal year allowed it to put a price tag on such a divorce: USD 5.7 billion, in non cash loss. Walmart announced that the earnings per share will be reduced by 20 cents in 2021. However, interestingly, this did not impact the value of the share on financial markets.

Walmart Reports $5.7 Billion Non-Cash Loss Related to Asda Sale