real-time news and commentary for investors
Tuesday, Oct 15
Heard during Wal-Mart's investor meeting presentation
- Execs with Wal-Mart (WMT) are painting a bright picture during their presentation at an investment community meeting.
- Early in the full-day agenda of speakers from the company the common refrain is that e-commerce and the format of smaller stores will help drive growth in the U.S. while superstores aren't going away.
- CEO Mike Duke also highlighted the lower construction costs the company is realizing.
- The key question on where U.S. comparable store sales growth stands hasn't been addressed yet.
- WMT -0.7% premarket.