Walmart (WMT) falls over 6% on weak earnings and lower guidance
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Walmart (WMT) PT Lowered to $155 at Jefferies
May 18, 2022 8:01 AM EDTJefferies analyst Stephanie Wissink lowered the price target on Walmart (NYSE: WMT) to $155.00 (from $175.00) while maintaining a Buy rating following earnings.
The analyst commented, "Q1 report surprised on multiple fronts: 1) sales beat and share gains evident; 2) profit impact from co specific labor and... More
Target (TGT), Costco (COST) on Watch Following Disappointing Results From Walmart (WMT)
May 17, 2022 7:06 AM EDTTarget (NYSE: TGT), Costco (NASDAQ: COST) on Watch Following Disappointing Results From Walmart (NYSE: WMT)
WMT -6%TGT -2.4%COST -0.75%... More
Walmart profit falls short, cuts outlook, hit by higher fuel and labor costs
May 17, 2022 7:05 AM EDTBy Uday Sampath Kumar and Siddharth Cavale
(Reuters) -Walmart Inc reported a 25% drop in quarterly earnings and cut its full-year profit outlook on Tuesday as rising costs of fuel and labor hurt its bottom line while shoppers squeezed by decades-high inflation moved to buy lower-margin basics.
Shares of the retailer fell nearly 10% in morning trading, its biggest one day percentage drop since Feb. 2018, and dragged down shares of rival Target Corp by 3%.
Target reports results on Wednesday.
Walmart serves as a barometer for U.S. consumer sentiment as it is the United States' largest retailer... More
Walmart (WMT) Misses Q1 EPS by 18c, Revenue Beats; Lowers Guidance
May 17, 2022 7:00 AM EDT(Updated - May 17, 2022 7:01 AM EDT)
Walmart (NYSE: WMT) reported Q1 EPS of $1.30, $0.18 worse than the analyst estimate of $1.48. Revenue for the quarter came in at $141.6 billion versus the consensus estimate of $138.88 billion.
Walmart U.S. grew comp sales1 3.0% and gained market share in... More