Walmart shares drop about 6% on slowest US sales growth in six years
WMT Walmart Inc
$103.84 -9.15%
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- 1Walmart (WMT) shares fall about 6% in pre-market trading on Thursday, wiping roughly $50 billion off its market cap
- 2US same-store sales rise 2.6% — traffic 1.5%, ticket 1.1% — marking the weakest domestic growth since 2020
- 3Market reacts with Nvidia-like fear… consumer spending underpins roughly two-thirds of US economic output
This 3-line summary is compiled from the report below.
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