Walmart Just Gave Markets an Nvidia Scare: Is the US Consumer Tapped Out?
Walmart (WMT) stock fell nearly 6% before Thursday's opening bell, a drop worth roughly $50 billion in market value. A rare sales miss revealed the retailer's slowest US growth in six years.
Markets treated it like an Nvidia scare. Walmart serves about 280 million customers and members every week. When its shoppers slow down, the rest of the US economy usually follows.
Why the Walmart Sales Miss Rattled Wall Street
US comparable sales, meaning sales at stores open at least a year, grew 2.6%. Wall Street expected more. Bloomberg noted it was Walmart's weakest domestic pace since 2020.
The company's own filing shows where the pain sits. Customer visits rose 1.5%, yet spending per trip grew just 1.1%. People still show up. They simply buy less.
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