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Walmart Stock Drops Amid Pharmacy Headwinds | Raleigh News
Walmart’s stock took a nine percent hit despite strong revenue and profit growth, as Wall Street reacted to a drag from its health and wellness division — new regulations shaved 1.25% off sales, worse than expected. But strip out that pharmacy headwind, and U.S. comparable sales were solid at 3-4%. CEO calls it a good quarter overall, with operating income up, driven by strong performance in groceries, general merchandise, and e-commerce. JPMorgan still sees long-term upside: global ad revenue jumped 38%, U.S. marketplace sales rose 52%, and membership income grew nearly 17% worldwide…
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