Wal Mart Cautious
Wal-Mart Stores, the world's largest retailer,
beat the number with same store sales flat and reported net income +7% on revenue +10% while issuing cautious forward guidance.
Wal Mart Execs: "There are still uncertainties about the rest of the year. The economy is playing a critical factor in 2008.
Customers are focusing on food and daily-use items. Small businesses are under pressure.
Clearly there is a higher stress related to higher gas prices, higher food prices and less disposable income.
The customer is very concerned about filling up their gas tank,
so rather than coming to visit two times a week, maybe they'll visit once and load up the basket."
beat the number with same store sales flat and reported net income +7% on revenue +10% while issuing cautious forward guidance.
Wal Mart Execs: "There are still uncertainties about the rest of the year. The economy is playing a critical factor in 2008.
Customers are focusing on food and daily-use items. Small businesses are under pressure.
Clearly there is a higher stress related to higher gas prices, higher food prices and less disposable income.
The customer is very concerned about filling up their gas tank,
so rather than coming to visit two times a week, maybe they'll visit once and load up the basket."
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