Wall Street expects Costco held onto its value proposition in its third fiscal quarter results.
In the Q1 earnings season, we saw a resilient and steadily improving profitability picture, both in terms of the growth rate and the revisions trend. Will the positivity follow through to Q2?
Bloomberg News, which first reported the incident, said Walmart suffered a technical glitch on March 19 that prevented price data from flowing to self-checkout kiosks at 1,600 stores. A spokesperson for Walmart, which operates more than 5,000 stores in the United States, said in an email that once it discovered the problem it focused on affected customers. Walmart did not respond to Reuters' questions on the number of products impacted or the amount of dollars that shoppers overpaid.