Walmart sinks 9.4% after weak U.S. comparable sales
Walmart shares fell 9.4% after the retailer reported adjusted EPS of 81 cents versus 74-cent consensus, revenue of $187.9 billion, and U.S. comparable sales growth of 2.6% versus 3.8% expected, while raising full-year adjusted EPS guidance to $2.80-$2.87.
The Dow Jones Industrial Average, tracked by the SPDR Dow Jones Industrial Average ETF Trust (NYSE: DIA ), shed 700 points on Thursday as Walmart (NASDAQ: WMT ) shares sank 9%. 251% after spiking earlier this week to its highest level in nearly 20 years. The Treasury said it will at least double repurchases of 10-, 20- and 30-year debt in the coming months, and Treasury Secretary Scott Bessent said the buyback operation could be larger than the $4 billion announced.
Read Also: Biotech Is Booming, But These 2 Stocks Missed the Memo Walmart’s Slow Sales Growth Hits Stock Walmart ‘s (NASDAQ: WMT ) stock took a significant hit after reporting its slowest domestic sales growth in six years. 62, marking its sharpest single-session decline in four years. S. 8%.
The margin beat was heavily reliant on tariff refunds. 87, but investors remain cautious about its future performance. S. economy.
The retailer’s Q2 earnings reflect a weakening consumer, even as spending has mostly continued. Walmart’s results provided a contrary data point, adding pressure to the broader stock market. S. retailer, Walmart’s performance is a key indicator of consumer health.
Thursday’s report suggests that the market’s assumption of continued consumer spending may need reevaluation. Read Also: SpaceX's Second Unlock Hits: 319 Million Shares Go Loose Today Photo: Shutterstock