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Opinion
Andrea Felsted

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.

Ready to shop.

Ready to shop.

Photographer: Justin Sullivan/Getty Images North America

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.