Walmart Shares Extend Decline After Rare US Sales Miss

Walmart reported a 2.6% increase in comparable store sales excluding fuel in its second quarter, falling below the lowest analyst estimate. The growth rate was the slowest in more than six years, with pricing pressure in the pharmacy business cited as a primary factor. Walmart shares declined as much as 10% in intraday trading on Thursday, the largest single-day drop since 2022.

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