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21.08.26 - 19:12
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Walmart Shares Extend Decline After Rare US Sales Miss (Bloomberg)
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Walmart Inc.'s quarterly sales fell short of expectations, a rare miss that's likely to stoke concern about the leading big-box retailer decelerating alongside a slow-growing US economy.
Sales at US stores open at least a year, excluding fuel, rose 2.6% in the second quarter, shy of the lowest analyst estimate compiled by Bloomberg. That rate of growth — hindered primarily by pricing pressure in its pharmacy business — is the slowest in more than six years.
Walmart shares fell as much as 10%, the most intraday since 2022, in New York trading on Thursday, erasing a modest year-to-date gain through the previous day's close. We get reaction from Poonam Goyal, Senior US Retail Analyst for Bloomberg Intelligence. (Source: Bloomberg)...
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20.08.26 - 22:01
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Walmart Slides Most Since 2022 on Slowing US Sales Growth (Bloomberg)
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Bloomberg's Poonam Goyal said Walmart's earnings miss is largely due to lagging pharmaceutical sales impacted by new federal negotiations aimed at delivering lower drug prices. Goyal said that it's an issue that both the company and investors are expecting to continue affecting sales. Goyal said that Walmart could have the opportunity to calm concerns about flagging US sales growth by focusing on bringing in customers with competitive pricing. (Source: Bloomberg)...
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20.08.26 - 16:48
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Walmart Tumbles on Sales; Coty Falls on Forecast | Stock Movers (Bloomberg)
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On this episode of Stock Movers:
- Shares of Walmart (WMT) tumbled ahead of the market open after the retail giant's quarterly sales fell short of expectations, a rare miss that's likely to stoke concern about the leading big-box retailer decelerating alongside a slow-growing US economy.
- Shares of Advanced Auto Parts (AAP) sunk in premarket trading after the parts provider reported second-quarter sales that fell short of analyst estimates. Though the company boosted its adjusted earnings per share forecast for the full year, it maintained its sales guidance, which is also below estimates at the midpoint.
- Shares of Coty (COTY) fell after the beauty conglomerate reported fourth-quarter results. While the company's net revenue for the quarter beat the average analyst estimate, Coty didn't provide a full-year forecast and said it expects to provide a broader outlook following a strategic review. (Source: Bloomberg)...
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20.08.26 - 16:39
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Walmart Crashes Most Since 2022 After Huge Comp Store Sales Miss (ZeroHedge)
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Walmart Crashes Most Since 2022 After Huge Comp Store Sales Miss
Walmart is tumbling after posting disappointing guidance while quarterly sales fell short of expectations, a rare miss for the world's largest bricks and mortar retailer, that is stoking concerns about the leading big-box retailer decelerating alongside a slow-growing US economy.
Comp store sales at US stores open at least a year, excluding fuel, rose 2.6% in the second quarter, far below the lowest analyst estimate compiled by Bloomberg.
That growth rate, which reflected "125 bps headwind from pharmacy deflation and brand-to-generic transfers related to maximum fair price regulation", was the slowest in more than six years. Another interesting observation: WMT is seeing less of a hit from the lack of fatties, saying that "FY27 comps reflect ~50 bps tailwind from GLP-1, vs. ~100 bps in FY25 & FY26, as script growth was more than offset by price-mix headwinds."
Here are some other highlights from the fiscal...
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20.08.26 - 15:48
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ROUNDUP: Schwaches US-Geschäft überschattet gutes Quartal bei Walmart (DPA-AFX)
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Der weltgrößte Einzelhändler Walmart hat im zweiten Geschäftsquartal von einem starken Zuwachs seiner Werbeeinnahmen, einem florierenden Online-Geschäft und Zollrückzahlungen durch die US-Regierung profitiert. Konzernchef John Furner hob laut Mitteilung vom Donnerstag seine Prognosen für das noch bis Ende Januar 2027 laufende Geschäftsjahr an. Allerdings enttäuschte das wichtige US-Geschäft. Zudem stellte der Konzern für das dritte Quartal ein geringeres Wachstum in Aussicht. Die Aktie verlor im frühen US-Handel vorübergehend 8,7 Prozent. Das war der größte Tagesverlust seit Juli 2022..
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20.08.26 - 15:01
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Walmart Posts Slowest US Sales Growth in Six Years (Bloomberg)
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Walmart saw second-quarter sales at US stores open at least a year, excluding fuel, rise 2.6%, the retailer's slowest rate of growth in more than six years. David Bellinger, senior equity analyst at Mizuho examines the results. (Source: Bloomberg)...
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