The company's mixed results raise concerns its push to narrow the gap between itself and Amazon.com Inc. may be losing steam. Still, Walmart finished the year with more than 40 percent growth in online sales in the U.S., and it expects that online sales will be revived this year to hit that same pace. Walmart itself is building fewer big stores and focusing on investments in its online business while beefing up benefits for its workers. Amazon.com Inc. has leveraged its $99-a-year Prime membership program into intense loyalty from customers, and it's recently stepped into Walmart's turf, no longer content with only online sales. Walmart's Chief Financial Officer Brett Biggs said that it expects a cash benefit of $2 billion for the year.

Source: ABC News February 20, 2018 11:53 UTC