Overview

• Walmart's market capitalization dropped by $22 billion on March 25, 2025, following a 3.1% decline in its share price.
• The loss coincided with The Conference Board's report showing U.S. consumer confidence at its lowest level since 2013, marking a fourth consecutive monthly decline.
• The Expectations Index, a key measure of consumers' outlook, fell to 65.2, signaling potential recession risks.
• Walmart CEO Doug McMillon previously highlighted 'stressed behaviors' among budget-conscious customers, including reduced spending and smaller purchases.
• Analysts warn that declining consumer confidence, driven by inflation, stock market volatility, and tariff concerns, could hinder economic recovery and retail sector performance.