Businessweek is reporting that Walmart’s latest quarterly profit fell to $1.5 billion, down from $2.4 billion a year ago.

Walmart’s share price has dropped by nearly 50% since the beginning of the year, and analysts have been warning that the company’s stock is likely to be hammered by bad press as it tries to regain momentum.

The company also had to cut some jobs this year due to a lockout.

Walmart was not immediately available for comment.