Walmart stock tumbles after the retailer lowers its sales outlook: "We are in an uncertain time"
Walmart delivered another year of strong sales and profits, but executives expressed caution about an uncertain economic landscape.
Stocks tumble as Walmart sales growth forecast disappoints
Stocks tumbled from all-time highs Thursday in the wake of Walmart projecting a lower-than-expected sales outlook. The Dow Jones Industrial Average fell 450 points, or 1%. The S&P 500 declined 0.4%. The tech-heavy Nasdaq lost 0.5%. Bank stocks also fell significantly, with JPMorgan Chase and Goldman Sachs also closing down about 4%.
Walmart Racks Up Sales Record but Sees Slower Growth Ahead
The retail giant continues to attract shoppers from across the income spectrum, but faces headwinds from stubborn inflation and the risk of tariffs.
Walmart faces some tariff challenges as Wall Street awaits record-breaking sales
The retailer serves as a barometer for consumer spending due to its scale and commanding market share of the U.S. retail industry.
Walmart’s Gloomy Sales Forecast Shows Customers Are Still Feeling the Inflation Squeeze
The company’s earnings forecast for the fiscal year fell below analysts’ expectations. Walmart on Thursday forecast sales and profit for the fiscal year ending January 2026 below Wall Street estimates,
Walmart stock tumbles on a lower-than-expected sales forecast
Walmart delivered another year of strong sales and profits, but executives expressed caution about an uncertain economic landscape.
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Joann stores start going-out-of-business sales as company shutters 500 locations
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Marketplace23h
Homebuilders are feeling pessimistic about future sales
Tariffs could raise material costs for homebuilders, and a crackdown on immigration could make construction workers even ...
Walmart Warns of Slower Sales Gains After a Bumper Year
The retailer posted strong sales during the holiday quarter as shoppers looked for discounts on groceries and other items.
Walmart stock slides after issuing 'measured' sales outlook despite bumper holiday quarter
Walmart's quarterly revenue rose by more than 5%, but shares lost ground after the world's biggest retailer issued ...
British stocks rise after retail sales data; set for weekly decline
Britain's benchmark index edged up on Friday supported by consumer stocks as investors parsed economic data, while Standard ...
Three of the country’s 10 most expensive home sales last year were in Aspen
A sale that broke the $100 million threshold for the first time in Colorado history helped Aspen dominate the charts ...
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Waco must read the fine print on sales tax rebate reflecting holiday spending
Sales tax revenue reflecting holiday spending in Waco, reported this month, shows a hefty increase compared to a year earlier ...