Walmart Recalls Frozen Shrimp
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Walmart will report fiscal second-quarter earnings before the bell on Thursday. The largest U.S. retailer warned in May that it would have to raise prices because of President Trump's higher tariffs on imports from other countries.
This would signify a 10% year-over-year rise in adjusted earnings and a 3% growth in sales compared to last year's figures of 63 cents per
Investors expect Walmart's management to strike a cautious tone on customer demand as the U.S. labor market cools and inflation ticks up, though the company has outperformed its peers over the last year due to its reliance on grocery sales and wealthier customers shopping there more often.
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Several big-box U.S. retailers are reporting second-quarter earnings this week, offering a glimpse into the spending habits of consumers and the continued impact of President Trump’s trade war. Here a
Michigan authorities released footage showing the stabbing spree initially that left 11 people injured at a Traverse City Walmart in July.