Walmart Blames Taxes, Weather as Sales Fall
Walmart's first-quarter earnings report shows a drop in sales, which it blames on taxes and lousy weather.
walmart earnings
What Walmart's Outlook Says About the Whole U.S. Economy
Walmart on Thursday reported higher profits, but offered a weak forecast for the months ahead. The problem? The poor and middle-class Americans Walmart caters to -- and who are big drivers of U.S. spending -- are struggling with rising gas prices, delayed tax refunds and higher payroll taxes.
Walmart Blames Taxes for February Sales 'Disaster'
Walmart released its fourth-quarter results Thursday morning, reporting a mixed bag on earnings and sales. But the big story of the day was the retail giant's February sales "disaster," which it blamed largely on tax issues.
Walmart's Profits Jump 5.7% in Q2 as Frugal Customers Return
Walmart's second-quarter net income rose 5.7% as the world's largest retailer wooed back frugal shoppers by doubling down on low prices. But quarterly revenue that came in short of expectations disappointed investors, who sent the company's stock down in premarket trading.
Walmart's Stock Surge Reflects Hard Times for the Cash-Strapped
Walmart's recent stock surge might be a good sign for the nation's biggest discounter, but it also highlights the economic fragility of America's low- and moderate-income consumers, its core shoppers.
Wall Street This Week: Retailers Report, Gaming Gets an Extra Life
Here are some of the items that will help shape the week that lies ahead on Wall Street: Retailers will report; video games will rebound; Howard Stern will re-energize, and Groupon will retrench.
Why Walmart's Greatness Is Over
Tuesday morning's big earnings report was from Walmart, and the results have been trumpeted as impressive: Profits were up 5.7%. But a closer look at the numbers, and a careful consideration of recent retail history, suggests that the world's largest retailer is a fading giant.
Market Woes Aside, Earnings Are Looking Up
Given the market's extreme and distressing gyrations over the past week, you'd be forgiven for thinking corporate earnings had been, on the whole, disappointing. But that's not actually the case: A large majority of public companies have performed quite well.
Walmart Stock Has Room to Rise Via Emerging Markets
Walmart's numbers have been stagnating in the U.S. lately, but overseas in emerging markets, the world's biggest retailer has been coming on strong. Its stock has been hovering in the low $50s -- and you won't believe where Trefis puts its estimate for the real value of the low-price giant.
Could This Be the Cure for Walmart's Dollar Store Blues?
Since the Great Recession began, Walmart has been facing heavy competition from dollar stores. In response, it recently opened the first of many Walmart Express stores. Stock analysis firm Trefis explores what effect these new smaller stores will have on the future value of the world's largest retailer.
Will Walton Family Dump Walmart's So-So CEO?
Walmart's annual shareholder meeting is Friday, and sure to be discussed will be the news that earnings for the last quarter weren't very good. Overall numbers were up only modestly, and U.S. same-store sales fell. Will CEO Michael Duke last through another change of strategy for the retail giant?
Week in Preview: Retail Earnings in the Spotlight
Many of America's best-known retailers, including Walmart, Home Depot and JCPenney, will be stepping into the earnings spotlight this week. Their reports come on the heels of disappointing January retail sales numbers from the Commerce Department.
How Dollar Stores Are Eating Walmart's Lunch
Thrifty shoppers looking for low prices on basics are frequently passing up the big boxes of Walmart for the tighter aisles of their local dollar stores. The cheaper upstarts have replaced no-name products with nationally known brands and revamped their interiors to lure in a new crop of bargain hungry customers.
Overseas Sales Propel Walmart Earnings Higher
The giant retailer's profits grew 9% in the third quarter to $3.4 billion. But revenue disappointed analysts, mainly due to a small decline in U.S. sales. Still, the company raised its future earnings guidance.