Walmart reported its weakest sales growth in the U.S. in more than six years

Shares of Walmart, the largest retail chain in the U.S., fell 6% in premarket trading on August 20, despite revenue that exceeded analysts’ forecasts in the last quarter and an upward revision to the full-year outlook. Investors were alarmed by the slowdown in comparable sales in the U.S.—growth came in at 2.6%, the retailer’s lowest figure in more than six years, according to Bloomberg. The results were impacted by government drug price caps and the selective spending habits of shoppers forced to budget carefully, according to CNBC.

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