Andrea Felsted, Columnist

Walmart Just Signaled the End of the Big-Box Bloodbath

The world’s biggest retailer won’t see its earnings decline as much as it thought. That’s more good news for the US economy on top of slowing inflation.

August 16, 2022 at 2:43 PM UTC

By Andrea Felsted

Andrea Felsted is a Bloomberg Opinion columnist covering consumer goods and the retail industry. Previously, she was a reporter for the Financial Times.

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The worst may be over for the big-box bloodbath.

On Tuesday, Walmart Inc. forecast that its earnings this year wouldn’t decline as much as it expected three weeks ago when it issued a profit warning. The Home Depot Inc. also reported record quarterly sales and profit, and maintained its guidance for the rest of its fiscal year.