Consumer
Walmart Profit Forecast Falls Short on Slowing Growth
This article is for subscribers only.
Walmart Inc. forecast lower-than-expected profit for the full year, signaling that even the world’s largest retailer isn’t immune to risks in the broader economic environment.
The company said it’s anticipating adjusted earnings to come between $2.50 to $2.60 per share, below the average of what Wall Street analysts were projecting. The stock fell 5.6% at 10:36 a.m. in New York on Thursday.