{"id":82131,"date":"2022-07-26T01:34:49","date_gmt":"2022-07-26T05:34:49","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=82131"},"modified":"2022-07-26T01:18:42","modified_gmt":"2022-07-26T05:18:42","slug":"walmart-cuts-profit-outlook-as-inflation-forces-shoppers-to-spend-more-on-necessities","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2022\/walmart-cuts-profit-outlook-as-inflation-forces-shoppers-to-spend-more-on-necessities.html","title":{"rendered":"Walmart cuts profit outlook as inflation forces shoppers to spend more on necessities"},"content":{"rendered":"\n<p>(CNBC)  <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/WMT\" target=\"_blank\">Walmart<\/a> on Monday cut its quarterly and full-year profit guidance, saying inflation is causing shoppers to spend more on necessities such as food and less on items like clothing and electronics. That shift in spending has left more items on store shelves and warehouses \u2014 forcing the big-box retailer to aggressively mark down items that customers don\u2019t want. The company\u2019s stock fell in after-hours trading following the announcement.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/07\/25\/walmart-cuts-second-quarter-guidance-as-it-sees-slower-growth-due-to-inflation.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Walmart on Monday cut its quarterly and full-year profit guidance, saying inflation is causing shoppers to spend more on necessities such as food and less on items like clothing and electronics. That shift in spending has left more items [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-82131","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=82131"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82131\/revisions"}],"predecessor-version":[{"id":82132,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82131\/revisions\/82132"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=82131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=82131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=82131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}