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Wal-Mart falls after U.S. sales disappoint

  • Wal-Mart's (WMT) Q2 comparable store sales growth slipped into negative territory at -0.2% after analysts forecast a 0% to 2% range. In the U.S., the drop was -1.3%.
  • Walmart International sales rose 2.9% to $33B.
  • Sams Club revenue increased 2.6% to $14.53B on a comp store sales increase of 1.7%.
  • The company sets its outlook for  FY13 EPS at $5.10 - $5.30, down from prior guidance of $5.20 - $5.40.
  • WMT -2.9% premarket.
Comments (2)
  • mobyss
    , contributor
    Comments (1834) | Send Message
     
    QE has done absolutely nothing for the consumer. Maybe 10 to 20% could refinance their houses and free up a little cash month to month, but for everyone else $3.50 gas has more than cancelled the supposed benefits of free Fed money.
    15 Aug 2013, 11:46 AM Reply Like
  • Rose_Colored_Glasses
    , contributor
    Comments (908) | Send Message
     
    @mobyss -
    I don't disagree - but the balance sheets of corps have certainly been propped up, and the investment of capital has been promoted. I am concerned about the Fed's actions in the long term, but when I look at the data it seems to have been sort of a really good short term strategy. "Official" inflation doesn't show a huge problem, the dollar is probably still too strong, and the stock market loves it. I just do not know how you end it without undoing all those benefits and killing the bond market. I would keep QE full steam ahead until we go from jobless recovery to a real recovery.
    15 Aug 2013, 12:39 PM Reply Like
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