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Wal-Mart (WMT) tumbled nearly 10% after market hours following a surprise profit warning. The mega-retailer cut its profit outlook for the second quarter and fiscal full-year owing to rampant ...
Walmart, a bellwether for the retail sector that caters to cost-conscious shoppers, said its full-year profit would decline 11% to 13%, compared to the 1% fall it previously forecast.
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)
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(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 ...
Walmart's warning marks the second time in two months the big box retailer cut its outlook. In June, the company said it was working on controlling what it could to reduce inventory through sales ...
Walmart ended its fiscal year with strong sales numbers but joined a chorus of large direct-to-consumer businesses in warning that Americans are pulling back on discretionary spending.. The ...
Walmart becomes the latest big-name retailer to strike a downbeat tone on the health of the U.S. consumer. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ...