Walmart Inc. struck a cautious note in its economic outlook for 2023 on Tuesday as the retail bellwether forecast full-year earnings below estimates and warned that cautious spending by consumers could pressure profit margins.
Shares of the world’s largest retailer recouped most of its pre-market losses to rise 0.5 percent in early trading at a time the company continues to battle price-hikes from many of its product suppliers in a high-inflation environment.
