Walmart Shares Slide 9 Percent on Slow Sales
Walmart reported its slowest quarterly comparable sales growth in six years as high fuel costs squeeze shoppers. Shares fell nine percent following the rare miss, prompting broader concerns about consumer resilience.
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Walmart Inc. reported its slowest quarterly comparable sales growth in six years, sending shares tumbling 9% in their largest single-day drop since May 2022. The retail bellwether posted a 2.6% increase in comparable sales, missing expectations and wiping more than $80 billion from its market value. The rare miss highlights mounting pressure on consumers across the United States.
