Walmart shares tank on dismal forecast as retail giant warns of slowing sales

Walmart on Thursday forecast sales and profit for the fiscal year ending January 2026 below Wall Street estimates, suggesting the world’s largest retailer expects inflation-weary consumers to pull back after several quarters of solid growth.Walmart shares, which had risen about 72% in 2024 and hit a record high of $105 last week, were down 6%. Shares of rival retailer Target were down 1.6%, with Amazon 0.9% lower.The company forecast adjusted earnings per share for the fiscal year ending January 2026 in the ...