Walmart shares fell 4.5% on Wednesday after Cleveland Research published a note indicating a slowdown in same-store sales based on channel checks. The analyst noted Walmart may be lowering prices to clear excess inventory, potentially offset by tariff refunds, and questioned whether the company will beat its sales guidance for the quarter ending in July. The stock is now down nearly 20% from its May highs and trades at 38 times earnings, leaving little margin for error. Higher oil prices and the possibility of new tariffs beginning July 24 add to consumer pressure, though Walmart's buying power positions it better than most big-box retailers.
Walmart Inc.Cleveland Research flags same-store sales slowdown and potential price cuts to clear inventory
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