$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
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