Walmart Shares Decline After Rare US Sales Miss
Walmart reported a rare sales miss in the second quarter, with US same-store sales growth of 2.6% falling below even the lowest analyst expectations. The slowdown, driven primarily by pharmacy pricing pressure, represents the retailer's slowest growth rate in over six years and signals potential deceleration in the broader retail sector amid economic headwinds. The disappointing results triggered a sharp 10% intraday decline in Walmart's stock price, wiping out its year-to-date gains.
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Walmart Shares Extend Decline After Rare US Sales Miss
Walmart reported a rare sales miss in the second quarter, with US same-store sales growth of 2.6% falling below even the lowest analyst expectations. The slowdown, driven primarily by pharmacy pricing pressure, represents the retailer's slowest growth rate in over six years and signals potential deceleration in the broader retail sector amid economic headwinds. The disappointing results triggered a sharp 10% intraday decline in Walmart's stock price, wiping out its year-to-date gains.
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