Walmart Sees the Slowest Pace in US Comparable Sales in 6 Years and Offers Cautious Guidance
U.S. comparable sales rose 2.6% and Walmart cut its outlook below Wall Street estimates, with shares falling 6% before the opening bell.
11 Articles
11 Articles
Walmart Posts Sluggish Sales With Slowest US Growth in Six Years
Walmart Inc.’s quarterly sales fell short of expectations, a rare miss that’s likely to stoke concern about the leading big-box retailer decelerating alongside a slow-growing US economy.
Walmart sees the slowest pace in US comparable sales in 6 years and offers cautious guidance
Walmart is reporting the slowest pace in U.S. comparable sales in six years, and the retailer offered a cautious outlook for the year. Shares slid 6% before the opening bell. Thursday. Comparable sales in U.S. stores, those coming from stores…
Why is Walmart stock falling 7% despite earnings beat and raised outlook?
Walmart raised its full-year financial forecasts after beating Wall Street expectations for revenue and adjusted earnings in the latest quarter, but the stock (WMT) fell over 7% during premarket trading as US comparable sales came in well below expectations. Investors also focused on slowing traffic and weaker spending per transaction. Walmart reported quarterly revenue of $187.9 billion, up nearly 6% year over year and ahead of the roughly $186…
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