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Everyday Low Bar: Walmart Steps Over Twice-Cut Forecast
Walmart is "seeing more middle- and high-income shoppers," CEO Doug McMillon said Tuesday.
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I am surprised (positively) that general merch comps were +MSD. In my opinion, WMT’s report was bad (negative real sales growth and -LDD earnings decline) and 3Q might be worse, but if this is more-or-less “as bad as it gets” then the case for “just-a-mild-recession” gets better. HD report was better, as expected.