Wal-Mart (WMT) reports decent numbers:
WMT REPORTS Q2 $0.86 V $0.84E, R $101.6B V $101.9BE, GUIDES FY08 EPS HIGHER
- Guides Q3 EPS $0.73-0.76 v $0.76e, Guides U.S. SSS up 1-3%
- Guides FY08 EPS $3.43-$3.50 v $3.49e (prior guidance on 05/21/08 was $2.04-2.14)
- Q2 SSS +4.6% (ex fuel), SSS +4.6% (incl fuel)
- Q2 Walmart US $4.72B v $4.26B (+10.8% y/y)
- Q2 International $1.2B v $1.0B y/y (+16.5% y/y)
- Q2 Sam’s Club $432N v $445M (-2.9% y/y)
- CEO states "We have improved customer traffic and ticket and overall sales growth in our markets," Scott added. "While inflation and higher fuel costs are pressuring suppliers, retailers and customers worldwide, we’re confident that Wal-Mart is well-positioned for this economy."
- CEO: Our underlying business remains sound as our associates deliver on Wal-Mart’s mission to save people money so they can live better.
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Wal-Mart may look good short-term, but that’s all. The stock has finally recovered to its value 5 years ago (with very little yield while you waited). It’s still shy if its highs set 10 years ago. Now’s the time to get out – while people are recession-dazed and price-oriented. Sell now before things recover and they go back to Target – and before other low-price companies, such as Aldi’s, that are nipping at Wal-Mart’s heels eat in to margins at Wal-Mart. Read more at http://www.ThePhoenixPrinciple.com
I love Wal-Mart stores, Adam, but I too think they are a lousy stock investment.
For the record I hate Wal-Mart.. But Lisa already knows this
We like to disagree on this subject … LOL
i hate walmart it is sooo stupid. save money live better walmart.