--- description: Walmart said Thursday that quarterly profits fell 5%, attributing much of the drop to a colder than usual winter. title: Walmart Says Profits Fall Amid Cold Winter image: https://static.time.com/v3/assets/bltea6093859af6183b/bltde093bcdab65f2d0/6988d9b9bc6cfc69913e2a3c/time-logo.jpg?branch=production --- * [World](/section/world/) ## World Update your preferences in [Account Settings](/account/preferences/) Close * [Retail](/tag/retail/) ## Retail Update your preferences in [Account Settings](/account/preferences/) Close # Walmart Blames Profit Drop on Cold Winter  by [Noah Rayman](/author/noah-rayman/)  ## Noah Rayman Update your preferences in [Account Settings](/account/preferences/) Close May 15, 2014 12:29 PM CUT  by [Noah Rayman](/author/noah-rayman/)  ## Noah Rayman Update your preferences in [Account Settings](/account/preferences/) Close May 15, 2014 12:29 PM CUT Walmart said Thursday that [quarterly profits fell 5%](http://news.walmart.com/news-archive/investors/2014/05/15/walmart-reports-fy-15-q1-eps-of-110-weather-impacted-eps-approximately-003 "undefined"), attributing much of the drop to a colder-than-usual winter. Net income attributable to Walmart fell to $3.59 billion, from $3.78 billion a year earlier. “Like other retailers in the United States, the unseasonably cold and disruptive weather negatively impacted U.S. sales and drove operating expenses higher than expected,” said Walmart President and CEO Doug McMillon in a statement. Stock of the world’s largest retailer was down more than 3% in premarket trading. ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/100730/walmart-profits/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/100730/walmart-profits/"},"headline":"Walmart Blames Profit Drop on Cold Winter","datePublished":"2014-05-15T12:29:30.000Z","dateModified":"2026-02-21T07:51:25.638Z","description":"Walmart is the latest retailer--and the largest--to say the colder than usual winter hurt sales and pushed up costs.","url":"https://time.com/100730/walmart-profits/","keywords":["Retail","Earnings","Walmart","Companies"],"thumbnailUrl":"","author":[{"@type":"Person","name":"Noah Rayman","jobTitle":null,"url":"https://time.com/author/noah-rayman/"}],"articleSection":"World","image":[],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/world/","name":"World"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/retail/","name":"Retail"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/100730/walmart-profits/","name":"Walmart Blames Profit Drop on Cold Winter"}}]}] ```