Nov 16th, 2023
Walmart Turns Cautious on Consumers With October Weakness
Walmart Inc. reported third-quarter earnings that moderately raised its forecast but struck a concerned tone on the outlook for US consumers after signs of weakness at the end of October. Chuck Grom, senior retail analyst at Gordon Haskett, examines the results and explains why he has never-before been “this bullish on the long-term outlook” for the retailer.
