🌎 Walmart Misses Sales Estimates As Fuel Costs Put
Published by OOPSONLINE.IN · Source: Outlook Business · 1 min read · · Updated
What actually happened
Walmart missed quarterly comparable-sales estimates for the first time in at least five years, highlighting the pressure rising fuel costs are putting on consumer spending, according to a Reuters report. The world’s largest retailer’s second-quarter US same-store sales rose 2.6%, below the 3.8% increase expected by analysts, according to LSEG data cited by the news agency.
Key points
- Walmart missed quarterly comparable-sales estimates for the first time in at least five years, highlighting the pressure rising fuel costs are putting on consumer spending, according to a Reuters report.
- The world’s largest retailer’s second-quarter US same-store sales rose 2.
- 6%, below the 3.
- 8% increase expected by analysts, according to LSEG data cited by the news agency.
Summary based on data provided by Outlook Business. Full article available at the original publisher.
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