Walmart Has ‘A Lot of Trepidation’ About Economy, as Consumers Feel ‘Very Pressured’

Walmart Has ‘A Lot of Trepidation’ About Economy, as Consumers Feel ‘Very Pressured’
People shop at a Walmart Supercentre amid coronavirus fears spreading in Toronto, Ontario, Canada on March 13, 2020. Carlos Osorio/Reuters
Bryan Jung
Updated:
0:00

Walmart is concerned about the U.S. economic outlook this year after its latest earnings projections showed that consumers were under heavy pressure.

Shares of the retail giant rose 0.4 percent after the big-box retailer gave its weaker-than-expected outlook for the year ahead.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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