Walmart's shares dropped 10% to a nine-month low after missing quarterly sales estimates for the first time in over five years. Rising gasoline prices led to reduced consumer spending, and US comparable sales growth slowed to 2.6%. Despite challenges, Walmart raised its full-year sales guidance.
Walmart's shares dropped 10% to a nine-month low after missing quarterly sales estimates for the first time in over five years. Rising gasoline prices led to reduced consumer spending, and US comparable sales growth slowed to 2.6%. Despite challenges, Walmart raised its full-year sales guidance.
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