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Walmart Flashes a Warning Sign to the B2C Economy

The retailer’s 2021 earnings came in considerably lower than expected due to a combination of Covid staffing issues, consumer spending trends, and inflation.

By Andrea Felsted | May 17, 2022 at 03:44 PM

Walmart Inc. just highlighted the dark side of inflation.

The world’s biggest retailer on Tuesday reported profit that fell short of Wall Street expectations and downgraded its outlook for full-year earnings per share from a mid-single-digit increase to a 1 percent decline. CEO Doug McMillon said the bottom-line results were “unexpected” and reflect the “unusual” environment. The company’s shares fell as much as 9 percent.

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