Walmart (WMT) cuts Q2 and FY guidance
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Walmart Inc. provides update for second quarter and fiscal year 2023
July 25, 2022 4:18 PM EDTCompany lowers profit outlook for Q2 and FY23
Operating margin expected to be about 4.2% for Q2 and 3.8% to 3.9% for FY23
Outlook for net sales higher for FY23 given Q2 results, elevated by inflation
BENTONVILLE, Ark.--(BUSINESS WIRE)-- Walmart Inc. (NYSE: WMT) provided a business update today and revised its outlook for profit for the second-quarter and full-year, primarily due to pricing actions aimed to improve inventory levels at Walmart and Sams... More
