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Walmart Plunges 9% on Slowing Sales as Consumer Headwinds Pressure Retail

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Walmart beat Q2 revenue and EPS estimates but plunged 9% as US same-store sales growth slowed to 2.6%.
  • The retail bellwether cited consumer trade-offs and higher fuel costs, pointing to broader retail spending headwinds that could impact e-commerce giants like Amazon.
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