Walmart Reports Mixed Results as Gas Prices Drag on US Sales Growth
Walmart said higher fuel prices and a new pharmaceutical price cap cut into spending, even as revenue rose 5.9% and it issued a stronger forecast.
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Walmart reports mixed results as gas prices drag on US sales growth
The giant US retailer steered much of the benefit from US tariff refunds towards investments to attract inflation-strapped customers, who faced gasoline prices above $4 a gallon for much of the quarter. US comparable sales, a closely watched benchmark, grew by 2.6 percent compared with 4.1 percent in the first quarter, a slowdown that weighed on shares. Walmart also cited a negative effect from a price cap on 10 top-selling pharmaceutical produ…
The profit per share of the company fell by 9.1 %, from 0.88 dollars to 0.80 dollars
Walmart sales growth slowdown tests consumer resilience, shares slide 10%
Walmart on Thursday reported its slowest quarterly comparable sales growth in six years and warned shoppers were likely being squeezed by high gasoline prices, stoking concerns that pressure on U.S. consumers is mounting.
Walmart profit drops 9.4% in the second fiscal quarter and reaches US$5.444 million The US Walmart chain recorded a net profit attributed to 6,366 million dollars during its second fiscal quarter, closed on July 31. This figure represents a decrease of 9.4% compared to the result reached in the same period of the previous year. During the quarter, the net sales of the company increased 5.9% and arrived... This article is original of the website …
Forbes España
diarioestrategia.clThe US retail chain Walmart obtained a net assigned profit of 6,366 million dollars (5,444 million euros) in its second fiscal quarter, completed at 31 July, which represents a 9.4% reduction in the result obtained in the same period a year ago. The firm’s net sales grew by 5.9%, to reach 186,100 million dollars (about 160 billion euros), the same percentage increase as recorded in its total revenues that totaled 187,937 million dollars (160,817…
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