Why Walmart Stock Is Down

$WMT just posted its slowest U.S. comparable sales growth in six years, and shares are down nearly 10%. Walmart beat on earnings and revenue, but a 125 basis point drag from pharmacy deflation tied to new Medicare Maximum Fair Price rules pulled the print to just 2.6%, the weakest quarterly comp since 2020. Q3 guidance also came in below Wall Street's estimate at $0.62-$0.64 vs $0.68. Here is what the numbers really say about Walmart, and about the American consumer. #Walmart #Earnings #RetailStocks 🌐 Find more market-moving insights at https://www.benzinga.com — your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets. 🖥️ Want the same tools the pros use—without the $10K Bloomberg terminal? Benzinga Edge gives you real-time portfolio alerts, weekly stock picks, and pro-grade research in one command center. 👉 https://bit.ly/4unSKiB ------------------------------------------------------------------------------------ 📲 Follow us on socials @benzinga 🔔 Subscribe To The Channel: https://www.youtube.com/@Benzinga ------------------------------------------------------------------------------------ ⚠️ Disclaimer: Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes.