Walmart Sees Worst One-Day Drop Since 1987. Rising Prices Lowering Margins
The Tokenist | May 19, 2022 01:01AM ET
Shares of Walmart (NYSE:WMT) closed 11.38% lower on Tuesday after the retail giant reported FQ1 2023 earnings that were well below analysts’ expectations. This marked the worst daily drop for Walmart shares since 1987.
Source: Investing.com
How Did Walmart Perform in Q1?/h2
Walmart shares fell to a 52-week low on Tuesday after the company reported disappointing results and offered soft guidance.
The retailer stock trading opportunity to buy Walmart shares as the company still offers a shelter to hide in a highly-uncertain macro environment.
Conclusion/h2
Walmart shares fell sharply after the company reported lower-than-expected Q1 results as margins missed analyst expectations. Rising costs also weighed on the guidance with shares suffering the worst daily drop since 1987.
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