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Walmart's Earnings Reaction
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Walmart's earnings reaction led to a significant stock drop, despite reporting a penny beat on EPS and revenues. The company's growth is slowing, with consolidated gross margins rising only 32 bps. CEO Doug McMillon highlighted the impact of inflation on grocery items and general merchandise, with potential deflation pressure.
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How might Walmart's earnings reaction impact consumer spending and the retail industry as a whole?
In what ways could the impact of inflation on grocery items and general merchandise affect Walmart's competitive advantage and customer satisfaction?
What strategies can Walmart employ to address the slowing growth and potential deflation pressure?
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