Walmart Disappoints with Weakest US Growth in Over Six Years!

The world's largest retailer misses revenue expectations – a rare misstep. The comparable US growth is the lowest it has been in over six years, and the stock takes a significant hit. Rare Revenue Misstep Walmart misses revenue expectations in the second quarter, raising concerns that the industry leader is slowing down in step with the weakening US economy. The comparable US sales (same-store sales at locations open for at least one year, excluding fuel) increase by 2.6% – weaker than the lowest analyst estimate and the slowest pace in over...