News Formal

Walmart cautious on economy, forecasts annual earnings below estimates

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 92%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Walmart forecast fiscal 2024 earnings of $5.90 to $6.05 per share, compared with analysts’ estimates of $6.50 per share

The consolidated gross profit rate declined 83 basis points in the holiday quarter, primarily due to markdowns and sales of lower-margin products, the company said.

In contrast, Kraft Heinz and PepsiCo plan to pause further price hikes to counteract declining volumes, but their prices are still substantially elevated compared to a year earlier.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Oh oh. Better lay off the minimum wage workers.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Week Ahead: CPI data due; earnings from Walmart - BNN BloombergA look at what investors will be watching in the upcoming week.
Source: BNNBloomberg - 🏆 83. / 50 Read more »