Walmart shares tank on dismal forecast as retail giant warns of slowing sales
Portfolio Pulse from
Walmart's shares dropped following a disappointing sales forecast. The retail giant anticipates annual sales growth of 3% to 4%, which is below analysts' expectations of 4%.
February 20, 2025 | 4:30 pm
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Walmart's shares declined due to a forecast of slower sales growth, with expectations of 3% to 4% annual growth, falling short of analysts' 4% prediction.
The news directly impacts Walmart's stock price as the company's sales forecast is below market expectations, leading to a negative market reaction.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100