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 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 more-conservative sales guidance.
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 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.
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 Warns of Slower Sales Gains After a Bumper Year
The company’s shares retreated after executives set 2026 fiscal-year revenue and profit targets below analysts’ expectations.
Amazon just dethroned Walmart in quarterly revenue for the first time ever with a bombshell $187.8 billion in sales
Amazon surpassed its retail rival Walmart in quarterly sales for the first time ever. Walmart held the top spot in that ...
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New car sales drop in January as dealer lots fill up
Car dealerships are bouncing back from pandemic shutdowns and chip shortages as new cars fill the lots. This is great for ...
Japan's Suzuki trims India sales target amid competition, scales back EV launches
Japanese carmaker Suzuki Motor has trimmed its sales target in India, its "most important market", and scaled back its ...
Joann stores start going-out-of-business sales as company shutters 500 locations
Fabrics retailer Joann has started going-out-of-business sales at some locations after filing for bankruptcy and announcing ...
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Homebuilders are feeling pessimistic about future sales
Tariffs could raise material costs for homebuilders, and a crackdown on immigration could make construction workers even ...
Birkenstock's annual margin forecast overshadows holiday-quarter sales beat
Birkenstock maintained its annual margin forecast even as strong demand for its cork-based sandals helped beat ...
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 ...
Welcome To The Agentic Age Of Enterprise Sales
A new Accenture survey revealed that 96% of executives anticipate that agentic systems will automate tasks and workflows in ...