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And right now those earnings are signaling an economic warning. For the three-month period ending Oct. 31 , Walmart reported on Thursday a strong quarte r with consolidated revenue of $160.8 ...
Walmart ended its fiscal year with strong sales numbers but joined a chorus of large direct-to-consumer businesses in warning that ... Walmart’s stock surged as much as 5% in early Tuesday ...
Walmart, however, warned Tuesday morning that it was cautious about the outlook for the economy and said customers pressured by inflation shopping for lower-priced items may negatively impact ...
This is The Takeaway from today's Morning Brief, which you can sign up to receive in your inbox every morning along with:. The chart of the day. What we're watching. What we're reading. Economic ...
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)
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 becomes the latest big-name retailer to strike a downbeat tone on the health of the U.S. consumer. Walmart warning sends stock price plunging, renews recession worries [Video] Skip to main ...