Warren is selling APPLE… Walmart just posted its biggest earnings miss August 2015… Looks like the recession has already arrived…

Sharing is Caring!

Walmart earnings and outlook fall short as holiday season disappoints

Walmart on Tuesday reported fiscal fourth-quarter earnings that fell short of analysts’ estimates, as the retailer saw weak demand for toys, apparel and video games during the holiday season.

Its outlook for the upcoming year also came up short of expectations, as Walmart anticipates e-commerce growth will slow. Walmart said the forecast doesn’t include any impact from the deadly coronavirus outbreak, though it continues to monitor the situation.

Political unrest in Chile, where protests have caused disruption in Walmart stores in the region, also weighed on its results in the latest quarter.

Walmart shares were up nearly 1% in premarket trading.


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.