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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 ...
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 slashes profit forecast, warning sends stock plunging. July 26, 2022 at 9:41 AM ...
(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 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 ...
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