Walmart suffers disappointing Christmas hit to results

American retail giant Walmart did not have a merry Christmas as disappointing toy and clothing sales hit the chain’s bottom line, the company announced Tuesday.

The global chain said it has not yet been able to estimate the financial impact of the new coronavirus epidemic in China, where it has a large supply chain.

The outbreak, which has left nearly 1,900 dead and sickened over 72,000 in China, has caused many businesses to shut their doors and cut off many transportation links with the country.

Walmart said it is watching the coronavirus outbreak but “has not included any potential financial effects in its assumptions.”