Walmart stock fell nearly 10% over the past week despite beating Q2 earnings and raising full-year guidance, with a retail CEO attributing the drop to sentiment rather than fundamentals.
Walmart reported adjusted Q2 EPS of $0.81, exceeding estimates of $0.7413, and revenue grew 5.94% to $187.94 billion. The company also raised its full-year sales guidance to 4%-5% from 3.5%-4.5%. However, the stock still dropped 9.82% over the past week, closing at $103.70, after guiding Q3 EPS to $0.62-$0.64 and flagging $2 billion in unexpected fuel costs. Michael Zakkour, a retail CEO, stated on Friday that the sell-off reflects consumer caution and sentiment, predicting a strong holiday season for discount retailers as shoppers opt for value over premium goods.
Source:Yahoo财经 · Source Link
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