Walmart, Stocks
Digest more
After disappointing earnings from The Home Depot and Target this week, Walmart was closely watched by investors today.
U.S. stock indexes lost ground. The S&P 500 fell 0.4% Thursday, its fifth straight modest loss since setting an all-time high last week. The Dow Jones Industrial Average dipped 0.3%,
Follow all the latest U.S. market action for Thursday here to see if stocks can shrug off their latest rotation-based wobble as investors eye Walmart earnings and continue to eye Fed Chair Powell's speech on Friday.
U.S. stocks are slipping again, this time after the country’s largest retailer reported profits that came up short of Wall Street’s expectations.
Walmart ( WMT) stock fell more than 2% early Thursday after the company reported second quarter earnings shy of expectations while US sales growth topped forecasts with the big box retailer's low-price strategy drawing consumers as tariff-related uncertainty pushed them to more carefully scrutinize their household budgets.
7hon MSN
Walmart’s stock falls after a rare profit miss, even as sales show strength and margins improve
Shares of Walmart Inc. dropped in early trading Thursday, after the discount-retail behemoth missed fiscal second-quarter profit expectations, but raised its full-year outlook and saw strength in sales at both its retail and Sam’s Club warehouse stores.
Walmart Inc. showcases strong growth in grocery & digital, but cautious spending & valuation risks raise concerns. Click for my review of WMT Q2 earnings.
Walmart's results WMT.N on Thursday show U.S. consumers across the spectrum are still flocking to the retailer's stores despite economic headwinds, but shares dipped as the company's margins ebbed and inventory costs rose.
Target also imports about half of its merchandise, compared to roughly 33% at Walmart, so it needs to raise prices at almost double the rate of Walmart to mitigate the tariff impact, Bank of America analyst Robert Ohmes said in a report this week.