Walmart stock tank: Walmart cuts profit guidance amid inflationary pressure

Walmart share price

Walmart feels inflationary pressure:

  • Walmart shares fell 9% after it cut its quarterly and full-year profit guidance amid inflationary pressures.
  • Inflation is causing shoppers to spend more on necessities like food and less on items with higher margins like clothing and electronics, as per Walmart.
  • Walmart now anticipates earnings to decline by 11-13% for the year.
  • Walmart, the biggest grocer in the US, is often considered an indicator for the overall economy.
  • Shares of Target, Amazon also tanked post Walmart’s guidance.

Analysts call on Walmart

Out on 45 Wall Street analysts offering stock ratings for Walmart, 77% have a ‘Buy’ and rest 23% recommend 'Hold'. However, these are external third party analyst ratings. This should not be constructed as Investment advisory. Investors should perform their own research and due diligence before making any decisions. 

Quarterly Results

  • McDonald’s second-quarter earnings topped estimates, but its revenue fell short of expectations partly due to closure of its Russian and Ukrainian restaurants.
  • Coca-Cola’s quarterly earnings topped analysts’ expectations as its sales at restaurants, theaters and other venues recovered from the pandemic.
  • Why did Walmart share price fall?

  • How was McDonald's June quarterly result?

  • What are analysts' call on Walmart?