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NEW YORK (Reuters) -Top U.S. retailer Walmart Inc on Monday slashed its profit forecast as surging prices for food and fuel prompted customers to cut back on discretionary purchases, and its ...
Walmart slashes profit forecast, warning sends stock plunging. July 26, 2022 at 9:41 AM ...
Here's where Walmart stands compared to its guidance offered in mid-May: Second Quarter Net sales Growth: +7.5% (+5% previously) Second Quarter Operating Income: -13% to -14% (flat to up slightly)
(Reuters) -Walmart Inc reported a 25% drop in quarterly earnings and cut its full-year profit outlook on Tuesday as rising costs of fuel and labor hurt its bottom line while shoppers squeezed by ...
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Jefferies Retail Analyst Steph Wissink joins Yahoo Finance Live to discuss Yahoo Finance Live to discuss quarterly earnings for Walmart, inflation, excess inventory, consumer spending, and the ...
Walmart shares, which have fallen by more than 8% this year, rose 5% in morning trading. Walmart said it now expected fiscal 2023 adjusted earnings per share to fall 9-11%.