Walmart Shares Plunge Nearly 10% After Company Warns Of Profit Slowdown Due To Inflation

Walmart shares plunged 9% in after-hours trading.  “The increasing levels of food and fuel inflation are affecting how customers spend, and while we’ve made good progress clearing hardline categories, apparel in Walmart U.S. is requiring more markdown dollars," Walmart CEO Doug McMillon in a statement. "We’re now anticipating more pressure on general merchandise...