Reported slowing sales growth and said that wont change much this year. Profit at the dow component continued to come under pressure as a result of multibillion dollar investments in worker wages and ecommerce. Investors were hoping to see those investments start to pay off in better results. Apparently it hasnt happened yet. And that weighed on the stock which fell 3 , making walmart the worstperforming member of the dow blue chip index today. Morgan brennan has more on walmarts gloomy outlook. Reporter as walmart continues to bank on a turnaround, it played out in Holiday Season earnings. Investors disappointed after key sales metrics fell short of estimates. U. S. Comparable store sales grew modestly, marking the sixth straight quarterly increase. Nonetheless were weaker than expected. Comp sales. 6, street was looking for 1 , that was a disappointment. Traffic growth slowed down a little bit. Traffic growth was about. 7. This is a deescalation. So the fixation is on Comp Store Sale
Reported slowing sales growth and said that wont change much this year. Profit at the dow component continued to come under pressure as a result of multibillion dollar investments in worker wages and ecommerce. Investors were hoping to see those investments start to pay off in better results. Apparently it hasnt happened yet. And that weighed on the stock which fell 3 , making walmart the worstperforming member of the dow blue chip index today. Morgan brennan has more on walmarts gloomy outlook. Reporter as walmart continues to bank on a turnaround, it played out in Holiday Season earnings. Investors disappointed after key sales metrics fell short of estimates. U. S. Comparable store sales grew modestly, marking the sixth straight quarterly increase. Nonetheless were weaker than expected. Comp sales. 6, street was looking for 1 , that was a disappointment. Traffic growth slowed down a little bit. Traffic growth was about. 7. This is a deescalation. So the fixation is on Comp Store Sale
Reported slowing sales growth and said that wont change much this year. Profit at the dow component continued to come under pressure as a result of multibillion dollar investments in worker wages and ecommerce. Investors were hoping to see those investments start to pay off in better results. Apparently it hasnt happened yet. And that weighed on the stock which fell 3 , making walmart the worstperforming member of the dow blue chip index today. Morgan brennan has more on walmarts gloomy outlook. Reporter as walmart continues to bank on a turnaround, it played out in Holiday Season earnings. Investors disappointed after key sales metrics fell short of estimates. U. S. Comparable store sales grew modestly, marking the sixth straight quarterly increase. Nonetheless were weaker than expected. Comp sales. 6, street was looking for 1 , that was a disappointment. Traffic growth slowed down a little bit. Traffic growth was about. 7. This is a deescalation. So the fixation is on Comp Store Sale