Full Answer
Should you Buy Walmart (WMT) stock?
Feb 18, 2021 · What happened Shares of retail juggernaut Walmart ( WMT 1.04% ) fell a quick 6% at the open of trading on Feb. 18. The big news was its earnings release, which was something of …
Does Walmart stock have more upside?
Feb 18, 2021 · © Provided by The Motley FoolWhy Walmart Stock Dropped 6% at the Open Today What happened Shares of retail juggernaut Walmart(NYSE: WMT)fell a quick 6% at the open of trading on Feb. 18. The big...
Did the Smart Money get Walmart Inc. (WMT) right?
Feb 20, 2021 · Walmart’s latest earnings report and plans to invest $14 billion in its business prompted a sell-off that has wiped $25 billion from the …
Why is Walmart stock down?
Apr 08, 2020 · One of the two Dow stock down is Walmart (ticker: WMT). The drop is actually a small sign investors are feeling better about the path the Covid-19 outbreak will take. Walmart shares are up about 2%...
Who is the CEO of Walmart?
Walmart CEO Doug McMillon tried to persuade investors that it’s the right decision at the right time. He said he wants to tap new opportunities that will lift the retailer’s bread-and-butter business of selling groceries and other merchandise.
Is Walmart overweight?
The firm rates Walmart as overweight.
The company's growth slowed in one key area
Daniel B. Kline is an accomplished writer and editor who has worked for Microsoft on its Finance app and The Boston Globe, where he wrote for the paper and ran the Boston.com business desk. His latest book, "Worst Ideas Ever," (Skyhorse) can be purchased at bookstores everywhere. Follow @tworstideas
What happened
In an otherwise strong quarter, Walmart's digital sales growth slowed in Q4. After multiple quarters of over 50% growth, the company only posted a 23% year-over-year gain in digital sales in Q4. In addition, the retailer forecast 40% growth for its next fiscal year.
So what
The slowed digital growth spooked investors despite the company raising overall revenue by 4.1%. U.S. comparable-store sales also rose by 2.6%, and comparable-store traffic was up 1.6%.
Now what
Investors are afraid that the slowdown in digital growth means that the company's overall plan isn't working. The reality is that Walmart has done an excellent job of creating an omnichannel shopping experience. Lines are blurring between whether a sales counts as brick-and-mortar or digital.
