‘The Execution Here Is So Poor That It’s Embarrassing’: Why Jim Cramer Says Walmart Should Do Some Soul-Searching

The Walmart logo is seen outside a store in Washington, on July 15, 2020. Andrew Caballero-Reynolds/AFP via Getty Images

Walmart Inc’s worse-than-expected earnings results left Jim Cramer stunned Tuesday morning.

What Happened

Walmart said first-quarter revenue increased 2.4 percent year-over-year to $141.6 billion, which beat the $138.88-billion estimate, according to data from Benzinga Pro. The company reported quarterly adjusted earnings of $1.30 per share, which missed the estimate of $1.48 per share.

Walmart also slashed its second-quarter earnings guidance from a low to mid single-digit range. The company now expects earnings to be “flat to up slightly.”