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 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 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 Warns of Slower Sales Gains After a Bumper Year
The retailer posted strong sales during the holiday quarter as shoppers looked for discounts on groceries and other items.
Walmart shares tank on dismal forecast as retail giant warns of slowing sales
Walmart’s lower-than-expected guidance is a warning that US consumer spending is slowing, said Brian Mulberry, client portfolio manager at Zacks Investment Management, a Walmart investor.
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,
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 ...
Walmart profits, sales rolled in 2024, but this year appears to present some challenges
Walmart delivered another year of strong sales and profits with its competitive prices an increasingly strong magnet for ...
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 ...
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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 ...
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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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 ...
US New Vehicle Sales Set to Rise 8.1% in February, Report Says
U.S. new vehicle retail sales are expected to rise 8.1% to 1.01 million units in February on an adjusted basis, industry ...