HomeLifestyleRetailShop Until You Drop: Walmart (WMT) Cuts Guidance Due to Excess Inventory
Shop Until You Drop: Walmart (WMT) Cuts Guidance Due to Excess Inventory

Walmart (WMT) announced that it’s cutting its guidance for the second quarter, as well as 2023. Alex Coffey and Jenny Horne discuss this news as WMT is enduring many price target cuts. They also talk about other retail was lowered on this news such as Gap (GPS) and Amazon (AMZN). They then go over how WMT is dealing with rising storage costs due to supply chain issues and an overwhelming inventory. Finally, they demonstrate an example trade using WMT. Tune in to find out more.

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