Walmart Inc.WMT
▼ NegativeDemandPricingrelevance
U.S. same-store sales rose 2.6%, below the 3.8% estimate, indicating weaker consumer demand.
Impact on stocks 1
Consumer Staples
Walmart Inc.Walmart reported a rare comparable-sales miss in its latest quarter, with U.S. same-store sales rising 2.6%, below Wall Street's 3.8% estimate, and its shares fell more than 9% following the report. It was the retailer's slowest comparable-sales growth in six years, raising concerns that higher gasoline prices and broader economic pressure are making consumers more cautious. The results were not entirely weak, as Walmart raised its full-year sales and profit outlook, while e-commerce remained a major growth driver with sales increasing 24%. The company also plans to lower prices on thousands of products, partly using a $2.9 billion tariff refund, in an effort to attract more price-conscious shoppers.
Walmart Inc.U.S. same-store sales rose 2.6%, below the 3.8% estimate, indicating weaker consumer demand.