Advertisement
New Zealand markets closed
  • NZX 50

    12,105.29
    +94.63 (+0.79%)
     
  • NZD/USD

    0.5975
    -0.0031 (-0.51%)
     
  • NZD/EUR

    0.5536
    -0.0007 (-0.13%)
     
  • ALL ORDS

    8,153.70
    +80.10 (+0.99%)
     
  • ASX 200

    7,896.90
    +77.30 (+0.99%)
     
  • OIL

    83.06
    +1.71 (+2.10%)
     
  • GOLD

    2,243.90
    +31.20 (+1.41%)
     
  • NASDAQ

    18,254.69
    -26.15 (-0.14%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • Dow Jones

    39,807.37
    +47.29 (+0.12%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • NZD/JPY

    90.3760
    -0.4040 (-0.45%)
     

Inflation Causes Walmart to Lower Expectations for 2023

Inflation Causes Walmart to Lower Expectations for 2023

Walmart's (NYSE: WMT) fiscal first-quarter 2023 results revealed a resilient consumer, but also how rising inflation is biting into profit margins for the world's largest retailer. In its first quarter of fiscal 2023, which ended April 30, Walmart reported net sales of $141.6 billion. Recall that this time last year, consumers in the U.S., Walmart's largest market, were in more of a mood to shop after receiving stimulus checks.