Walmart has projected lower sales growth and profits for its latest fiscal year, falling short of Wall Street estimates. This reflects concerns about inflation's impact on consumer spending. Although the company still expects annual sales growth between 3% to 4%, analysts had anticipated a 4% growth rate. The drop in guidance signals potential economic slowdowns, especially if followed by declines in job growth. Despite these challenges and external tariffs potentially affecting goods, Walmart's CFO expressed confidence in navigating these headwinds while emphasizing the resilience of US shoppers.
Walmart forecasts lower sales and profit for the fiscal year, indicating an expected decline in consumer spending amidst ongoing inflation concerns.
Despite facing potential tariffs, Walmart remains optimistic about its ability to adapt and sees US consumers as resilient.
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