Retail Reverberations After Walmart's Earnings Surprise (WMT:NASDAQ)
Same-store sales rose 2.6%, below a 3.5% FactSet forecast, as investors sold the stock after Walmart’s fiscal second-quarter report.
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6 Articles
The US consumer is flashing red flags as Walmart earnings, retail sales, and jobs data show weakness
Luke Sharrett/Bloomberg via Getty ImagesWalmart's dismal earnings report was the latest in a growing list of signs the US consumer is getting fatigued.The economy is also contending with weak retail sales, falling sentiment, and a contracting job market.Sign up for First Trade, Business Insider's daily markets newsletter.When the US consumer is weakening, Walmart is usually one of the last dominoes to fall.When economic conditions get tough, low…
Walmart just flashed a warning sign about the US consumer — and its stock is tumbling
Walmart, America's largest retailer and one of its most critical economic bellwethers, just sent a worrying message. The firm beat second-quarter earnings estimates and lifted its full-year guidance, but unveiled several worrying figures that suggest US consumers aren't doing so hot. Shares of the…
Walmart's stock price plummeted 7% after its Q2 earnings report showed that its U.S. revenue growth rate was the lowest in six years.
The references went back to the upturn in Treasury bond yields, and a weak quarterly report from retail giant Walmart.
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