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Walmart Sales Slowest in Six Years | Durham News
Walmart’s U.S. sales growth slowed to a six-year low at 2.6%, sparking investor concern as the company downgrades its outlook for the year — a worrying sign for the economy’s health, given Walmart’s role as a consumer barometer. While pharmacy regulations tied to Medicare drugs are dragging down overall performance, excluding that category shows slightly better growth at 3.4%. Meanwhile, online sales continue climbing at 24% — though slower than before — and surprisingly, more high-income shoppers are flocking to the store. With Wall Street expecting stronger numbers, Walmart’s cautious…
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