Walmart stock

Walmart shares tumbled in after-hours trading Monday after the world's largest retailer cut its second quarter and full-year earnings forecasts owing in ...

The retailer was still relatively bullish in terms of overall revenues, forecasting comparable store sales in the U.S. to rise by 6% in the second quarter, a 100 basis point increase from its previous estimate. A stronger dollar erodes the value of overseas sales, and makes profits generated in foreign markets more costly to repatriate. Walmart said operating income will likely decline by between 13% to 14% over its fiscal second quarter, which ends in July, and between 11% and 14% for the full year. Net sales will likely rise by 7.5% for the quarter, but slow to a pace of 4.5% for the full year owing to a $1.8 headwind linked to the strength of the U.S. dollar. Adjusted earnings are forecast to slide between 8% and 9% for the second quarter, and 11% to 13% for the year, a sharp decline from its May forecast of just a 1% pullback. Operating margins are likely to come in at 4.2% for the second quarter, before narrowing to between 3.8% and 3.9% for the full year, Walmart added, as it marks down clothing and other items to compensate for the extra cash customers are having to spend on food and gas.

U.S. stock futures were down Monday evening as Walmart lowered its profit guidance for the second quarter and full year, saying that food and energy ...

( ( Other retailers’ stock also fell on the news, including

Walmart Inc. cut its profit outlook again in a surprise warning weeks ahead of its earnings report, sending retailer shares tumbling and raising new ...

BENTONVILLE, Ark. July 25, 2022 — Walmart Inc. (NYSE: WMT) provided a business update today and revised its outlook for profit for the second-quarter and ...

Excluding divestitures1, adjusted earnings per share4 for the full year is expected to decline 10 to 12%. Walmart cannot assure you that the results reflected in or implied by any forward-looking statement will be realized or, even if substantially realized, that those results will have the forecasted or expected consequences and effects for or on our operations or financial performance. Excluding divestitures1, operating income for the full year2 is expected to decline 10 to 12%. This release contains statements regarding Walmart management’s forecasts and guidance of or for consolidated net sales performance, comparable sales performance for its Walmart U.S. segment, consolidated operating income performance, adjusted earnings per share, and the impacts of foreign currency exchange rates, in each case, for the three month period ending July 31, 2022 and the full fiscal year ending January 31, 2023. Excluding divestitures1, consolidated net sales growth for the full year is expected to be about 5.5%. Our most recent annual report on Form 10-K and subsequent quarterly report on Form 10-Q filed with the SEC discuss other risks and factors that could cause actual results to differ materially from those expressed or implied by any forward-looking statement in the release and related management commentary. - Net sales include a headwind from currency of about $1 billion in the second quarter. Additional information about Walmart can be found by visiting corporate.walmart.com, on Facebook at facebook.com/walmart and on Twitter at twitter.com/walmart. “The increasing levels of food and fuel inflation are affecting how customers spend, and while we’ve made good progress clearing hardline categories, apparel in Walmart U.S. is requiring more markdown dollars. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Food inflation is double digits and higher than at the end of Q1. This is affecting customers’ ability to spend on general merchandise categories and requiring more markdowns to move through the inventory, particularly apparel. This is higher than previously expected with a heavier mix of food and consumables, which is negatively affecting gross margin rate.

Shares of Walmart Inc. sank about 10% in after-hours trading Monday after the retail giant lowered its profit forecast, disclosing that inflation has...

Walmart also expects to see an approximately $1 billion impact from foreign exchange in the second quarter. Walmart’s WMT, -0.14%prior forecast called for earnings per share to be flat to up slightly during the second quarter and down 1% for the full year. “The increasing levels of food and fuel inflation are affecting how customers spend, and while we’ve made good progress clearing hard-line categories, apparel in Walmart U.S. is requiring more markdown dollars. Not including divestures, the company models roughly 5.5% in full-year growth. “This is affecting customers’ ability to spend on general merchandise categories and requiring more markdowns to move through the inventory, particularly apparel.” At the same time, Walmart said that it expects consolidated net sales to rise by 7.5% for the second quarter and 4.5% for the full year.

Dow Jones Industrial Average futures fell by 146 points, or 0.5%. S&P 500 and Nasdaq 100 futures declined 0.3% each. A late Monday announcement from Walmart, ...

So this actually could be one of the most dynamic earnings seasons we've seen in a long time." On Tuesday, the Federal Reserve will commence its two-day policy meeting. Its shares gained almost 5% premarket. General Electric posted better-than-expected results citing recovery in the aviation industry that boosted its jet engine business. Walmart plunged 8% in early morning trading and dragged other retailers with it. Shares of 3M rose 3.7% after beating earnings and revenue estimates and announcing plans to spin its health care business into a separate publicly traded company.

The Federal Reserve's monetary policy committee starts its two-day meeting, which is expected to culminate in another 75 basis-point interest-rate hike.

Call it the retail stock apocalypse. As inflation causes prices to soar, Walmart is sitting on billions in inventory. And customers aren't buying.

- So what is Walmart to do? If inflation is causing Walmart sales to slow and a backlog of inventory to grow, the Street logically assumes the same can happen to other retailers, hence the fall in their stock prices. Originally Walmart said its profit would decline 1% for the full year, but yesterday Walmart revised that to a decline of between 11% and 13%. - If Walmart is struggling, why are the stock prices of Amazon, Target, and Costco down? As of the time of this writing, Amazon (AMZN) is down 3.5%, Target (TGT) is down 5.3%, and Costco (COST) is down 3.1%. And then there’s Walmart (WMT), which is down a staggering 9.4%. Here’s what you need to know: - But why aren’t customers buying as much from Walmart? If there’s one main factor to call out, it’s inflation.