Walmart's Holiday Prediction: Consumers 'Want a Sense of Normalcy'

Demitri Kalogeropoulos, The Motley Fool
·3-min read
Walmart's Holiday Prediction: Consumers 'Want a Sense of Normalcy'

Walmart (NYSE: WMT) is expecting an unusual end to its wild fiscal year. It suffered a slight growth slowdown in its fiscal 2021 third quarter, mainly due to the end of much of the federal government's emergency economic stimulus. With the benefit of those insights, CEO Doug McMillon and his executive team explained during Tuesday's fiscal Q3 conference call why the chain is optimistic about the holiday quarter, despite the major risks created by COVID-19 and slumping economic growth.