Reported 1 day ago
Walmart has projected sales and profits for fiscal 2026 that are below Wall Street estimates, indicating a potential slowdown in consumer spending as inflation affects budgets. This has led to a drop in Walmart's stock price, despite reporting a 4.6% increase in comparable sales for the fourth quarter. Analysts expected growth of 4%, while Walmart anticipates annual sales growth between 3% and 4%, and adjusted earnings per share between $2.50 and $2.60, lower than the expected $2.76. Despite this cautious outlook, Walmart's CFO expressed confidence in navigating the current economic environment.
Source: YAHOO