By Commodity News Service Canada
WINNIPEG, Feb. 20, 2018 – Quarterly earnings for American retail giant Walmart missed expectations. The company released revenue and sales data for the holiday period but took a hit in the gross margins category. Walmart earned US$136.3 billion in revenue, which fell below analysts’ expectations of US$134.9 billion.
Canadian Prime Minister Justin Trudeau’s visit to India this week is drawing in new business opportunities. Some of India’s largest companies say they plan to invest more than US$1 billion in Canada’s pharmaceutical and pulp mill industry. Trudeau says more than 5,000 Canadian jobs will be created as a result.
KFC may be forced to turn away more customers as the company continues to grapple with a chicken shortage in the United Kingdom. The restaurant was forced to shut down around 800 stores across the U.K. last week. The shutdown was caused after the company’s new supply partner encountered logistical problems. The company says it is working around the “cluck” to fix the problem.