Walmart (NASDAQ:WMT) reported revenue up 5.9% to $187.9 billion for its fiscal second quarter (the period ended July 31) on Thursday, Aug. 20, and raised its full-year outlook. The stock fell 9.2% anyway, closing at $103.84, down from $114.30. It was Walmart's worst single session since May 2022.
The problem wasn't the quarter's totals. It was the growth rate underneath them. U.S. comparable sales rose 2.6%, and the deceleration is now hard to miss -- a year ago, this quarter's comp growth was 4.6%, and the fiscal first quarter's was 4.1%.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Thursday's drop was the fourth-largest of the past 15 years. And that rarity is useful, because the three bigger ones each come with a date and a documented aftermath.
Image source: Getty Images.
#Growth #walmart
The problem wasn't the quarter's totals. It was the growth rate underneath them. U.S. comparable sales rose 2.6%, and the deceleration is now hard to miss -- a year ago, this quarter's comp growth was 4.6%, and the fiscal first quarter's was 4.1%.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Thursday's drop was the fourth-largest of the past 15 years. And that rarity is useful, because the three bigger ones each come with a date and a documented aftermath.
Image source: Getty Images.
#Growth #walmart
20 days ago
