Tag: CEO Doug McMillon
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Why Walmart is Down $13 a Share After Hours
Walmart (WMT) is plunging in afterhours. All after the retailer cut its profit outlook, saying inflation is causing shoppers to spend more on necessities, and less on just about everything else. All thanks to inflation, which was never transitory. The retailer now expects for EPS for the second quarter, and full year to fall about…