Walmart shares fell 9.5% after reporting its slowest US comparable sales growth in over six years at 2.6%, missing analyst expectations of 3.7%. The retailer also issued a third-quarter profit forecast below Wall Street estimates, citing pressure on consumers from higher gas prices and lower pharmacy prices. Despite this, Walmart's second-quarter revenue and adjusted earnings per share beat expectations, with strong growth in global e-commerce, advertising, and membership fees. Walmart raised its full-year guidance, signaling confidence in its overall business despite near-term challenges in the US market.
Walmart reported mid-single-digit growth in grocery sales driven by increased unit volumes as customers prioritize affordability amid budget pressures. The retailer expanded price rollbacks across multiple categories, including food, fashion, and gen...
Walmart's stock fell 8% following its Q2 FY27 report, which showed revenue growth above estimates but the slowest U.S. same-store sales growth since 2020 at 2.6%, below forecasts. The company also issued weaker Q3 guidance, citing a timing shift in F...
Walmart reported a 5.9% revenue increase to $187.9 billion, beating expectations and raising its full-year outlook, but its U.S. comparable sales grew just 2.6%, disappointing investors. The main cause was falling prescription drug prices in its phar...
Walmart reported a 24% increase in U.S. e-commerce sales in the second quarter, fueled by strong performance in store-fulfilled pickup, delivery, advertising, and its online marketplace. This growth contributed to a 5.9% rise in total revenue to $187...
Amazon announced plans to expand its Prime Air drone delivery service to nearly 500 U.S. cities by the end of 2026, aiming to fulfill Jeff Bezos' decade-old vision of fast, autonomous package delivery. Despite making hundreds of thousands of deliveri...
