Thursday, October 15, 2015

Walmart plunges on lower earnings forecast

Walmart (WMT) shares plunged to their lowest one-day drop in nearly three decades Wednesday after the U.S. retailing giant jolted financial markets by forecasting a 6% to 12% earnings drop in fiscal year 2017.

Shares of the Bentonville, Ark. company dropped 10.04% or $6.70 to close at $60.03 on the startling news Walmart executives delivered at the company's annual investors conference with Wall Street analysts, held in New York City.

Story here


Over 21 billion dollars in shareholder wealth was wiped out on Wednesday. Overall, shares had already declined by 22 percent so far in 2015 before we even got to the slaughter on Wednesday.

Maybe they could ask their friends over at the DHS for a little bit of relief. I hear they have a good bit of money allotted to waste already, why not hook their friends at Walmart up right? If you see something, say something right? 

Walmart has a sad it seems...

HEB is a much better place to shop for food anyways.


Anonymous said...

Yep, meat and vegetables seem as a rule to be better at HEB. Too bad about Wally World, but they chose their road a long time ago after Sam Walton passed away.

Tewshooz said...


North Texan said...

There is a Walmart 5 blocks from home. It's a close place to grab food, but I really, really hate shopping there.

Stackz O Magz said...

Agreed. If HEB would start selling AR15's, I'd never shop anywhere else.