Thursday, August 27

Business & Finance

Shares of retail behemoth Walmart (NASDAQ:WMT) fell 9.9% in the morning session after Walmart U.S. comps decelerated from 4.8% a year earlier to 2.6% — the slowest growth since about 2020 — and missed the ~3.7% forecast many had modeled. Revenue of $187.9 billion rose 5.9% and cleared estimates of about $186.8 billion, while adjusted…

Economy News

On August 20, Atour Lifestyle Holdings (NASDAQ:ATAT) held its second-quarter earnings call, and the numbers made clear why the stock has become one of the more closely watched Chinese consumer names this year. Net revenues jumped 41.4% year over year to RMB 3,490 million, with both the hotel and retail arms of the business accelerating…

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