A (TLB) Editors note: At the bottom of this article see ATTENTION WALMART!!! This is “A Customer” speaking.
Walmart Gives Up All Gains After Company Warns Of Revenue Slowdown Amid Stimulus “Taper”
(ZH) After soaring as much a 6.7% premarket following blockbuster earnings that saw non-GAAP EPS print above the highest sellside estimate and comp store sales which came in at 9.9% vs the 6.2% consensus estimate , Walmart shares turned red as investors were spooked by company commentary about the current quarter. Specifically, the selling started after the company unveiled that topline performance slowed in July to around 4%.
According to RBC analyst Scot Ciccarelli, WMT comments that sales begin to “normalize” in July “may suggest that the outsized gains experienced over the last few months may be starting to ebb” as government stimulus money “tapered off.”
He adds that while Wall Street should be expecting a slowdown from the quarter’s “nearly 10% run rate, the magnitude of change may give some investors pause as sales sustainability is one of today’s key topics in retail.” His price target: $132, or just where the company closed on Monday.
Separately, Bloomberg notes that while MKM’s Bill Kirk wrote that the retailer’s “strong” gross margin was a positive sign for peers, he too would be listening for comments on call regarding the “interruption of stimulus checks” impact on August and what Walmart intends to do with its ~$17bn cash balance.
Investors aren’t likely to show as much patience, and after pushing the stock as high as $144 premarket, it was last trading some $9 lower.
(TLB) Editor: ATTENTION WALMART!!! This is “A Customer” speaking. You might change your minus -income flow if you would take away your “silly ass” requirement to wear a MASK and Stand Away from each other like we were complete strangers.
I along with thousands of other EX-Walmart Customers would return to happily push our carts down open and free isles. (Yes, the ‘One Way’ arrows have to go also.)
A Corporate Guide
We customers understand how ‘insulated’ you Corporate Folks can become having to set hours at a time at your desks punching numbers into a machine so you can see “The Tail of The Tape.” So here are a few facts you may want to consider about Masks and the associated subject.
The Covid-19 virus is less dangerous/contagious than the Flu or Common Cold. Yet we don’t see Walmart enforcing a mask requirement during the Cold and Flu season.
Many Medical Doctors have stated that Masks are unhealthy to use; and in many cases may be deadly to some people, depending on their health issues. So is Walmart ready to assume and take responsibility of it’s customers health outcome from wearing a Mask?
And, in the event you need a little more information>>>Masks Don’t Work: A Review of Science Relevant to COVID-19 Social Policy
We will stop there as we have opened a can of worms that only your Corporate Legal Beagles can appreciate.
Oops, we just changed the Tail of The Tape again.
Tell you what Walmart… let’s make a deal. You stop telling us how to run our life and take care of our health and we will stop telling you how to run your Corporation.
(TLB) published this article from ZeroHedge as compiled by Tyler Durden
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