These charts explain Walmart's stunning profit warning 📉
www.tker.co
These charts explain Walmart's stunning profit warning 📉
But what's bad for Walmart may be good for consumers 😘
Walmart WMT 0.00 warned Monday that its profits for the year would be much lower than previously anticipated.
“Food inflation is double digits and higher than at the end of Q1,” the company said in a statement. “This is affecting customers’ ability to spend on general merchandise categories and requiring more markdowns to move through the inventory, particularl…
Keep reading with a 7-day free trial
Subscribe to TKer by Sam Ro to keep reading this post and get 7 days of free access to the full post archives.