Walmart Cuts Jobs After Slashing Guidance
Walmart is cutting jobs after slashing its guidance for the quarter and full year. The company is laying off hundreds of corporate employees at divisions related to merchandising, global technology and real estate. It is not clear how this will affect Walmart's market and earnings in the long term.
However, it is likely that the company will continue to face challenges in the current retail environment.
On Thursday, Walmart stock opened at $130.7 and closed at $125.6. This followed the company's announcement that it would be slashing its guidance for the year. In response to this, Walmart has announced that it will be cutting jobs. This is likely to have a negative impact on the company's employees and the local economy.
Company's fundamentals reflect its long term potential, below analysis on WALMART are made simple by VI app. The fair value of WALMART share is around $135.4, calculated by VI Line. Now WALMART stock is traded at $125.6, a fair price undervalued by 7%.
However, some investors believe that this could be a good time to buy into the company. Walmart is one of the largest retailers in the world and has a strong track record of profitability. The company is also well-positioned to benefit from the ongoing shift to online shopping. Despite the recent negative news, Walmart remains a strong company with a lot of potential.