Source: The New York Times
Walmart, the largest retailer in the United States, said on Thursday that strong holiday sales propelled its revenue to another annual record but flagged slower growth ahead, as shoppers face stubborn inflation, the uncertain impact of tariffs and a potential rise in unemployment.
Walmart, which brings in millions of customers each week, is a bellwether of U.S. consumer trends. Investors recoiled at the weaker-than-expected forecast, a rare loss of momentum for the company that has posted a series of bumper results.
Walmart said sales rose to $681 billion in its latest fiscal year, which runs through January, a 5.1 percent increase from the year before. The retailer’s annual profit jumped faster than sales, to around $20 billion.
Share This Story
