Walmart Rolls Back Its Stock Price After Earnings

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Walmart Rolls Back Its Stock Price After Earnings

Walmart Rolls Back Its Stock Price After Earnings
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Walmart Rolls Back Its Stock Price After Earnings

by TheStreet.com Videos 2:04 mins

Walmart's stock price took a dive after delivering a disappointing quarter that it blamed on the weather. Customers finally started coming back to the store for Easter, but it was too late in the quarter to make up for the harsh winter in the beginning. Walmart saw traffic decline and expenses rise. However, it wasn't all bad as e-commerce sales jumped 27-percent and the average ticket size increased for U.S. shoppers. Walmart gave a muted outlook for the next quarter with the hopes that several new initiatives will pay off. The stock is still near 52 week highs.

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