Wal-Mart (WMT) Leaked Emails Point to Disastrous February Sales
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/8/2026
- Wall Street ends lower, off record highs, as Treasury yields climb
- Want to be a stock market bear? BCA says watch potential U.S. tax increases
- SpaceX seeks $40bn in financing for Nvidia chip purchase
- Chip stock could soar nearly 200%, analyst says: "If you don’t buy it, they will"
- Musk rules out TSMC role in Terafab operations; Intel gains
Tweet
Share
E-mail
Get Alerts WMT Hot Sheet
Price: $108.16 +0.90%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.2%
EPS Growth %: +3.2%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.2%
EPS Growth %: +3.2%
Join SI Premium – FREE
Shares of Wal-Mart (NYSE: WMT) moved lower on Friday after word circulated that February sales were off to a slow start. In fact, if Wal-Mart VP Jerry Murray's assessment is correct, February sales could be a "total disaster."
On February 12th, Murray, who works in finance and logistics, sent an email to unknown parties, and these emails were later obtained by Bloomberg. A second Wal-Mart employee, Cameron Geiger, said January sales were weak.
Both Murray and Geiger cited high payroll taxes and delays in tax returns as reasons for the disappointing sales.
A Wal-Mart spokesperson warned in a statement that internal communications may lack the proper context and include individual opinions.
Investors, however, aren't taking chances. Shares of Wal-Mart are down 3.3 percent in response.
A number of related retail stocks are trading in sympathy with Wal-Mart, including Target (NYSE: TGT). Dollar stores - Dollar General Corporation (NYSE: DG), Dollar Tree, Inc. (NASDAQ: DLTR), Family Dollar Stores Inc. (NYSE: FDO) - are also weaker.
On February 12th, Murray, who works in finance and logistics, sent an email to unknown parties, and these emails were later obtained by Bloomberg. A second Wal-Mart employee, Cameron Geiger, said January sales were weak.
Both Murray and Geiger cited high payroll taxes and delays in tax returns as reasons for the disappointing sales.
A Wal-Mart spokesperson warned in a statement that internal communications may lack the proper context and include individual opinions.
Investors, however, aren't taking chances. Shares of Wal-Mart are down 3.3 percent in response.
A number of related retail stocks are trading in sympathy with Wal-Mart, including Target (NYSE: TGT). Dollar stores - Dollar General Corporation (NYSE: DG), Dollar Tree, Inc. (NASDAQ: DLTR), Family Dollar Stores Inc. (NYSE: FDO) - are also weaker.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Musk rules out TSMC role in Terafab operations; Intel gains
- Wolfspeed receives $1.5B conditional loan from U.S. Department of War
- This European airline stock is best-positioned into Q3 earnings: Bernstein
Create E-mail Alert Related Categories
Hot List, Retail Sales, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
