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Walmart Sinks on Comp Sales Miss as Target Surges on Core Strength

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The Story

News Summary

  • Walmart shares plunged over 8% after missing comparable sales expectations despite a $2.9 billion tariff refund.
  • In contrast, Target rallied by beating earnings and sales estimates even when excluding its one-off rebate, showing investors are prioritizing core retail performance over temporary windfalls.
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