Ooeps Walmart has bad numbers coming out! (buy, companies, tax)

[bentlebee]

Walmart was doing well till now..their stock dropped this morning after their numbers came out!

I already had noticed that they raised their prices when the gas was high and never lowered them...Target did lower them after the gas prices dropped and Target had announced and did what they promissed and they lowered many prices and have many sale prices on food!

IMO most Walmart shoppers are people who look at the prices.....well I guess Walmart will wake up....

[yachtcare]

wonder whats gonna happen now that gas prices are going back up? Target will be forced to raise prices again, and Wally world will be seen as stable. Might have been a good move by Wally?
I think prices will start going up across the board as things in general become harder to get.

[nightbird47]

Where I live if you want something local its Walmart or nothing. There are a few grocery stores and depening on the item they may be cheaper, but if its an inexpensive item its not worth driving out of town for a better price. A lot of Walmarts stores are in smaller towns or areas with limited competition, which will help their business.

I've ordered things online as well from their site, since there is no tax and its shipped store to store for free.

But if their numbers are down its not good news.

[neil0311]

Originally Posted by bentlebee

IMO most Walmart shoppers are people who look at the prices.

As opposed to what....people who buy without looking at prices? I think they call that stupidity.

This is just another case of the market getting their undies in a bunch because a company releases good earnings, but just not as good as the expectations. Same store sales INCREASED....not decreased, but the stock will take a beating because it's not what was expected.

[HappyTexan]

Compared to other retailers, Walmart is still looking pretty good stockwise and continues to make quarterly "profits" no matter how small.

Meanwhile other companies are projecting and reporting losses.
Monsanto, who doubled their profits also fell today over $3..so go figure.

[texdav]

Originally Posted by bentlebee

Walmart was doing well till now..their stock dropped this morning after their numbers came out!

I already had noticed that they raised their prices when the gas was high and never lowered them...Target did lower them after the gas prices dropped and Target had announced and did what they promissed and they lowered many prices and have many sale prices on food!

IMO most Walmart shoppers are people who look at the prices.....well I guess Walmart will wake up....

IMO Target is for those who want less selction and higher prices on the same stuff as wal-mart.

[Nepenthe]

I enjoy shopping at our Target (for groceries). The aisles are very wide and clean and the selection is decent. They seem to hire a higher class of employee as well. I just enjoy being in the store. I would not say that about Kroger, Albertson's, or Tom Thumb (although TT has gotten a lot nicer) and certainly not about Wal-Mart.

Anyway, on Fast Money they said that it wasn't necessarily the miss itself (earnings were up), but Wal-Mart's total botching of their earnings guidance targets and restatements. The dropped a bomb and the the share price reflected that.

[Woof]

Y'know that if people are out of work and have to live on savings, they can't very well afford much of anything better than Walmart to shop at ..... not if they have even vestigial intelligence and self-control. There just aren't many stores that can compete with them in low-end necessities, except for the occasional loss-leaders elsewhere. Even thrift stores often charge as much for used items as Walmart charges for new.

I'd say that Walmart stock would be a good bet to stay stable or even rise a little at times for the most part, if you felt you had to park some money in stocks.

[Stac2007]

Their earnings are low because of the high wages, great benefit plan and retirement package they give their employees. Not!

[bentlebee]

Or maybe they are over staffed? If you need something to find in a department and you can't find any employee, just go to the front and find all of them talking and laughing and having a great time...I guess the management isn't on the workfloor!