Walmart, which has been on the hunt for an exit strategy since last year, is set to report fourth-quarter earnings in 2019 that are expected to fall short of Wall Street consensus.
Wal-Mart has a $4.3 trillion cash position, according to FactSet, and has $11.4 billion in cash on hand, according the most recent financial filings.
Walmart’s earnings guidance released Tuesday was down from Wall Street’s $5.4 trillion guidance earlier in the year.
The company said the $4 billion decline was due to its continued focus on delivering new technology and the growth in its customer base.
“The company is committed to continuing to innovate and build a great business, which will continue to drive earnings growth,” a Wal-Marts spokeswoman said in a statement.
The retail giant is also expected to add about 3,000 jobs during the quarter, and its stock has gained more than 60 percent in 2017.