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Retailer Walmart Inc. says its second-quarter results were hit by unexpected legal and liability-related issues to the tune of $450 million.
Aug 21 - Shares of Walmart slipped 5% Thursday after the retail giant released second-quarter results that mixed strong top-line momentum
Walmart Inc. reported increases in second-quarter profits and sales Thursday as it pulls in shoppers seeking low prices for groceries and other essentials to offset worries that new U.S. tariffs may make a variety of goods more expensive.
We've got good growth in e-commerce at 25%, we have a lot of headroom. Like, our share in e-commerce is still relatively low, so there's a long runway there. McMillon also returned to the increasingly familiar theme of Walmart’s use of AI: For a few quarters now,
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Why Walmart Stock Sank Today
Shares of Walmart (NYSE: WMT) fell 4.9% Thursday. The drop came as the S&P 500 lost 0.5% and the Nasdaq Composite lost 0.4% as investors await Federal Reserve Chair Jerome Powell's speech tomorrow.
Walmart Inc. showcases strong growth in grocery & digital, but cautious spending & valuation risks raise concerns. Click for my review of WMT Q2 earnings.
Expansion of quick commerce capabilities in India weighed on Walmart International’s gross profit rate in Q2, said Walmart CFO John Rainey.
Walmart reported strong second-quarter results, exceeding expectations and outperforming competitors like Target. Comparable sales rose by 4.6%, fueled by both established stores and online channels.