Walmart Falls 7% on Cautious Consumer Outlook, Late-October Dip

Bloomberg2023-11-16

Retail giant modestly raises forecast but sees ‘pressure’CFO expects holiday shoppers to wait for promotional offersWalmart Inc. sank 7.3% in morning trading as the retailer struck a concerned tone on...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1122547221?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-11-16 22:35","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1122547221","market":"us","top_or_hot":-1,"title":"Walmart Falls 7% on Cautious Consumer Outlook, Late-October Dip","media":"Bloomberg","content":"<div>\n<p>Retail giant modestly raises forecast but sees ‘pressure’CFO expects holiday shoppers to wait for promotional offersWalmart Inc. sank 7.3% in morning trading as the retailer struck a concerned tone on...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-11-16/walmart-lifts-profit-outlook-stays-cautious-on-us-consumers\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Walmart Falls 7% on Cautious Consumer Outlook, Late-October Dip</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWalmart Falls 7% on Cautious Consumer Outlook, Late-October Dip\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-16 22:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-11-16/walmart-lifts-profit-outlook-stays-cautious-on-us-consumers><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Retail giant modestly raises forecast but sees ‘pressure’CFO expects holiday shoppers to wait for promotional offersWalmart Inc. sank 7.3% in morning trading as the retailer struck a concerned tone on...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-11-16/walmart-lifts-profit-outlook-stays-cautious-on-us-consumers\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TGT","symbol_name":"塔吉特","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2023-11-16/walmart-lifts-profit-outlook-stays-cautious-on-us-consumers","article_id":"1122547221","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1122547221","pubTimestamp":1700145344,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Walmart on Thursday said sales rose 5% in the fiscal third quarter, as shoppers’ grocery purchases and the company’s growing e-commerce business again boosted the big-box retailer.The retailer topped ","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TGT":"塔吉特","WMT":"沃尔玛"},"translate_title":"沃尔玛因谨慎的消费者前景下跌7%，10月下旬下跌","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TGT":1.1,"WMT":1.1},"content_text":"Retail giant modestly raises forecast but sees ‘pressure’CFO expects holiday shoppers to wait for promotional offersWalmart Inc. sank 7.3% in morning trading as the retailer struck a concerned tone on the outlook for US consumers after signs of weakness at the end of October.“We are more cautious on the consumer than we were 90 days ago at this time,” Chief Financial Officer John David Rainey said in an interview Thursday as Walmart reported financial results.There was a “sharper falloff” in sales during the last two weeks of October, Rainey said. While November is off to a good start thanks in part to promotions and holiday shopping, higher interest rates and student-loan repayments are weighing on demand.“The takeaway for us is that we’re seeing strength, we’re seeing share gains versus others, but there still is pressure on the consumer,” the finance chief said.Walmart’s muted tone points to the uncertainty around consumer spending, a bulwark of the US economy, even as the company grabs more sales from many rivals. Excluding fuel, comparable sales at Walmart’s US unit rose 4.9% during the three months ending in late October. Target Corp. and Home Depot Inc. reported declines in that metric this week, as consumers continued to pull back from discretionary purchases.Walmart climbed 20% this year through Wednesday, compared with the 17% increase in the S&P 500 Index.Walmart slightly raised its profit forecast, saying adjusted earnings for the fiscal year ending in early 2024 will be as much as $6.48 a share. The world’s largest retailer had previously capped its profit outlook at $6.46 a share. Wall Street had been estimating $6.48.But the forecast for a 7% to 7.5% increase in operating income was little changed, and the final results will probably come in at the lower end of that range, Rainey said.His caution points to a holiday shopping season that’s likely to have greater discounts to boost sales — a welcome respite for shoppers but tough on retailers’ profitability.“Consumers are waiting for these events, these promotional activities to buy,” he said.Walmart Chief Executive Officer Doug McMillon, Rainey and other leaders of the Bentonville, Arkansas-based company are scheduled to discuss the results on a conference call at 8 a.m. New York time.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":4,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1122547221"}