Why Walmart is facing a crisis of confidence
Walmart is in a precarious position after months of losses and millions of dollars in losses, with stock prices down more than 50% over the past year.
The retail giant announced on Wednesday that it had lost $4.3bn in the second quarter of 2017, the latest quarter to report.
That’s more than twice the $3.8bn loss it posted in the same period a year ago.
It also surpassed $5bn in debt in the period.
It’s unclear what the fallout will be for the company.
Walmart’s stock price is up more than 20% since January 2018.
It is still trading around $130.
Walmart has been one of the largest employers in the US for more than a decade.
The company’s stock is up nearly 300% since the start of the year.
It was trading at $99.99 on Monday.
Walmart shares have fallen over 70% over that period, but analysts believe that’s because of its recent struggles.
It may not be long before investors question Walmart’s business strategy and what it needs to do to stay afloat.
What is Walmart?
The world’s largest retailer of clothing and household goods.
The US is the fourth-largest market for Walmart after China, Japan and the US.
The Walmart logo is seen at its Supercenters and Supercenter stores in Los Angeles, California, US September 20, 2017.
Walmart says it is losing $5.9bn in revenue for the third quarter of this year.
That would make it the fifth-largest retailer in the world.
Its US sales fell 4.7% to $3bn, compared to a year earlier.
Walmart reported a net loss of $1.1bn for the same quarter last year.
This quarter Walmart reported $4bn in profit, but it’s unclear if that’s from sales of its new home-delivery business or other non-store activities.
Walmart said it was “encouraged by continued strong demand” for its home delivery service.
It said that the company was working on its delivery network, but did not give any further details.
Walmart also said it expects to spend $1bn to $2bn in 2018 to help it pay for the acquisition of Jet.
It acquired Jet in 2018 for $1,800 a share.
The deal, which included Jet’s assets and a 49.9% stake in Jet, has become the largest private equity deal in the country’s history.
Jet is part of Walmart’s acquisition of Whole Foods, but Walmart is still paying for Jet.
Jet had $3m in cash and the value of its stock was about $50m when the deal was announced in February 2018.
Walmart did not disclose the number of shares it owned.
What are the benefits of buying Jet?
Walmart said Jet is a business that can be profitable and attractive for shareholders.
Jet’s acquisition means that Walmart has access to the largest distribution network in the industry, with the potential to offer shoppers better prices.
Jet has a huge presence in grocery stores and other retail stores across the country.
It has also been testing delivery services in some of Walmart-owned stores.
Walmart expects Jet to become a valuable revenue stream for Walmart.
Its stock price fell after the deal.
It did not say whether Jet would pay back the $4 billion it paid for Jet, but investors are hoping that the deal will boost its cash flow.
What does Walmart’s loss mean for the US economy?
Walmart’s losses are a significant blow to the US’s economy, with a number of other companies facing similar issues.
For example, the airline carrier Delta said it had to slash its 2016 profits by 20%, as it struggles to meet a growing backlog of cancellations and delayed flights.
Delta has been in debt for years.
Walmart is also facing a financial crisis.
Its shares are down more that 70% since it started reporting results in January.
It lost $1 billion in the quarter.
In September, the company announced that it lost $2.1 billion, and analysts expect that figure to rise to $4,000bn.