Walmart Inc. (NASDAQ:WMT) stock fell Thursday after the retailer’s U.S. sales growth slowed to its weakest pace since 2020. The company also issued a third-quarter outlook below Wall Street estimates.
For the third quarter, the company expects adjusted earnings of 62 cents to 64 cents per share, below the 68-cent estimate. It forecasts sales of $183.134 billion to $184.468 billion, compared with the $188.339 billion estimate.
Walmart Earnings Beat Estimates
The company reported adjusted earnings of 81 cents per share, beating the consensus estimate of 74 cents. Sales reached $187.9 billion, topping the $186.8 billion estimate.
Global e-commerce sales rose 23%. Walmart U.S. grew 24%, Sam’s Club U.S. gained 26% and International increased 19%.
