Wal-Mart Tumbles Most in 15 Years After Predicting Profit Slump

[Locutus]

Wal-Mart Stores Inc. suffered its worst stock decline in more than 15 years after predicting a drop in annual profit, underscoring the giant retailer’s struggles to reignite growth.Earnings will decrease 6 percent to 12 percent in fiscal 2017, which ends in January of that year, the Bentonville, Arkansas-based company said at its investor day on Wednesday. Analysts had estimated a gain of 4 percent on average, according to data compiled by Bloomberg.

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Wal-Mart Tumbles Most in 15 Years After Predicting Profit Slump - Bloomberg Business

 

[Walter]

Good time to buy stock in Walmart.

 

[EagleSmack]

The Walmart is dying

 

[B00Mer]

Funny they are hiring new staff like crazy, buying up the old Zeller store the Target booked out of... You think all this spending and expansion may hurt the bottom line for one year?

 

[Twila]

maybe it has something to do with the people that shop there

 

[Ludlow]

waltons probably needing a tax write off of sorts

 

[B00Mer]

What does a Walmart Customer really look like... look in the mirror... we have all shopped there at one time or another.

 

[AnnaG]

If a company is still making profits, I cannot see a reason to snivel and whine.

 

[grumpydigger]

The saturation of dollar stores that sell even cheaper quality products than Wal-Mart is probably one of the problems.

 

[B00Mer]

The saturation of dollar stores that sell even cheaper quality products than Wal-Mart is probably one of the problems.

There is one called Giant Tiger.. but every time I go in looking for a specific item, they don't have it and I end up going to a Walmart.. so I just don't bother going to Giant Tiger anymore. The prices are higher that WallyWorld most of the time anyhow.

How ever their buyers are, they must have lived in the projects at one time or another.