Walmart’s Strong Quarter Is Tempered by a Lack of Details
- Retail giant says little about outlook, Walmart+ service
- Toilet paper, cleaning supplies still tough to keep on shelves
This article is for subscribers only.
Walmart Inc. reported another solid quarter as consumers turned to the essential retailer for groceries, home goods and more. But it’s what executives didn’t say that left Wall Street uneasy.
The world’s largest retailer wouldn’t provide a full-year forecast and executives offered only generalities on its much-touted subscription service, Walmart+, despite repeated attempts from analysts on a conference call to get more. Walmart also said it’s still struggling to stock key items such as bath tissue and cleaning supplies.