KILLER quarter from walmart.. people may think this is sign of a strong consumer but may be the opposite, people shopping down at walmart..
Yeah also a bit a mixed bag... I mean the yoy comp does not look to good neither does the Q2 guidance...(slightly below expectations), but then the fully year guidance is very positive, i d expect thm to probably correct that at the end of the next Q.
Also they stated that they have gotten more business from higher income customers so a move down to the cheaper retailers seem to have started.
On top of all that their margins expanded in a inflationary period where people are already pissed of at corporations for blaming inflation for higher prices but then they show higher margins on their books.
Looks like a very good Q at a glance if you go a bit deeper imho it clearly shows as you pointed out that the consumer is getting weaker, and question is how long can walmart keep margins or raise margins when the consumer is suffering.
ALso if you look at TGTs report you d come to a similar conclusion...
Still a bit early to be certain but we ve had a couple of Q1 reports now that hint at the consumer getting weaker...
That being said i still have DG on my watchlist
SIde notte: cant be the only one who gets pissed at mgm of basically every company i ve looked at their Q1 wasting a shit ton of time hyping up AI and promoting their own solutions.... Get fucked you morons. It s the new crypto/Metaverse....
Not saying it s as useless as crypto but common....