Walmart Reports Slowest Sales Growth In 6 Years, Shares Tumble

Walmart Reports Slowest Sales Growth In 6 Years, Shares Tumble  HuffPost

Walmart reported another strong performance in the second quarter Thursday, but that was overshadowed by a more cautious outlook for the year.

In the second quarter ended July 31, US comparable sales – at stores and digital channels open for at least 12 months – rose 2.6%, the smallest increase since 2020, the company said Thursday.

Walmart reported its slowest growth in U.S. comparable sales in six years during its most recent quarter, and it offered a reserved upgraded outlook

Walmart is cautious with expectations after slowest sales growth in 6 years  AP News

Walmart and other big U.S. retailers have warned that consumers were being cautious, even if personal balance sheets seemed healthy.

America’s largest retailer saw keeps winning customers making more than $100,000, though.