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Walmart Sales, Comps Miss; Operating Income Tumbles; Runs Out Of Scapegoats
In what may be the most cryptic press release from Walmart yet, the company just issued an 8-K which consisted all of 5 bullet points, a few charts, and precious little else. Perhaps the reason for the pithy transmission is that WMT had nothing good to say: Revenue declined from $115 billion to $114.8 billion, missing expectations of a jump to $116.2 billion, EPS also missed at $1.03, vs $1.05 expected, operating income tumbled 8.3% from $6.2 billion to $5.7 billion, and finally comp store sales also missed at 1.0%, below the 1.5% expected. With these results, anyone would be short and to the point.
After previously providing extensive explanations for why the massive Apple Sachs Industrial Member member missed, this quarter the firm almost didn't even bother to scapegoat. This is what it said:
"Consolidated operating income declined 8.3%, due to impacts from currency fluctuations and investments in associate wages & training and e-commerce."
As if it didn't even bother to put in the effort to find a reason for the 8.3% plunge in operating income.
Finally, even the company's guidance was berely there. From Charles Holley, Executive Vice President and CFO, Wal-Mart Stores, Inc.
"Based on our views of the global macro-economic environment, and assuming currency exchange rates remain at current levels, we expect second quarter fiscal 2016 earnings per share to range between $1.06 and $1.18. Our second quarter guidance includes the impact of approximately $0.04 per share from our previously announced investments in both U.S. associate wages and training, as well as $0.04 per share from currency."
Wall Street currently expects a Q2 EPS print of $1.17.
And with this latest bellwether miss, expect the S&P to close at a recorder high today.
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Wal Mart loves you.
Dear China, if you keep exploiting the labor force you can buy our monetized debt and in 8 generations you'll have a middle class for 35 years. Then you can off shore jobs to the 3rd world nation of 'Murka'- fuck yeah in order to pump up your stawks!
Wheels go round in circles....
You kinda had to figure Obamacare would hit Wallyworld sooner or later.
Welome to the 29.5 hr/wk economy.
A consumer based economy doesn't work if nobody is spending!
Thanks Trick Down Economics, shoot yourself in the foot to spite your face assholes...
Yes, clearly spending is the problem. Consumers got up to their eyebrows in debt by not spending enough.
It doesn't help that Sam Walton's billionare daughters all funnel massive cash to Hitlery's campaign.
Thus, a small cut of each piece of chinese crap you buy at Walmart goes to Hitlery. Nice!
Much like, every time a new Ford or GM car is sold, the obamarats get a cut - via the union dues.
Speaking only for myself, I'm not playing.
You're right. We'd all been better off if the waltons gave their money to romney or bush or christie or lindsey graham or whoever your flavor of the month is. If you're going to quit playing, quit playing the red/blue blame game since they are both puppets for the same corporate masters.
Walking through Wal Mart is the best cheap entertainment going.
Costco is the new WalMart in that respect.
Like a fucking modern United Colors of Beneton commercial
Welcome to Costco!
Naked, Machete-Wielding Man Threatens Long Island Costco Customers: Report
http://www.nbcnewyork.com/news/local/Naked-Machete-Wielding-Man-Threaten...
True. Personal favorite is the 320 lb fanny pack wearing woman with an ass u could show a movie on, followed by the 80 year old guy with the jet black toupee.
The "snack bar" area of Costco was a fucking sea of Chinese when I was there Sunday. I thought I was having an acid flash back or something.
The irony was so damn stark I almost blew out my o ring trying not to shit myself.
Walking through Wal Mart is the best cheap entertainment going.
It is the biggest freak show on earth.
IT is also the implosion of an empire and former civilization (sort of).
Everything is awesome!
Speaking of Walmart, why hasn't there been any follow up to the story that ran last month concerning the closings of those 3 stores? All kinds of speculation about involvement with Jade Helm, etc., but no follow up as to what is actually going on at each store. Is our fucking memory that short that we can't even follow up and either confirm or deny the reality of what is happening?
Walmart closes stores all the time. I've seen it 3 times in my area alone.
http://consumerist.com/2015/05/15/one-month-after-closing-stores-for-plu...
Chew on this.
Logistics makes perfect sense.
https://youtu.be/PS7Jl1dMIOY
There has been a lot of conspiracy follow up but nothing official from WMT for shareholders on the five stores that closed on a few hours notice. The stores that border Jade Helm takeover areas- er' training areas.
I think the real reason was show that these are or were trying to organize a union. WMT decided to just shut them down.
Unions sucks, WMT sucks, the Walton klan sucks, EBT customers suck and so do most of the employees plus the USA is TOTALLY corrupt - so I have no dog in the fight.
It is much easier and cheaper to kill 3 stores then to let the union troublemakers already working their take root.
Walmart needs to be burned to the ground. Ground Zero for the zio takeover of America and the rise of the new bolshevik child state China.
Walmart sales are down because of the store closures due to partnership with the government and Jade Helm 15.
Time to sue the Plumber's Union
Walmart is the rope capitalism will use to hang itself.
Shame on them for not getting into the health insurance business. Warren might be able to help with that.
Capitalism is what USA needs but doesn't have. www. http://fee.org/freeman/detail/the-use-of-knowledge-in-society
Walmart... everything you need that is made in CHINA.
just BTMFATH bitchez then buy gold.
walmart and mcD's sales falling, cause, well, everybody is richer and is shopping and eating up scale.
QE is winning..now don't you feel better?
Obviously we need to raise the minimum wage to $20/hr and increase EBT allotments.
The "Pelosi stimulant" may end up being more like Exlax.
We passed it Nancy, I think we just found out what was in it.
Maybe they stopped accepting food stamps?
The few times I do go in a Wal Mart, it's a sobering experience to see what makes up a lot of their customer base...crazy how the stereotype of the WalMart shopper is so close to reality a lot of the time. Without food stamps/EBT, I wonder if Wal Mart would even be half the size it is; I really do wonder what percentage of the $114.8 billion is taxpayer-funded EBT money....has this been calculated/reported before?
We gonna find out real soon.
The beta test for that very question was run not long ago. Remember that little EBT "glitch" not to far back? The one that sparked off a mini chimp-out?
Yeah. That makes more sense in hindsight now, doesn't it?
October will be a fun time when the next set of retail misses come through and expectations drop off a cliff.......should be around the time .gov bans cash transactions too.
Gee, they couldn't be missing on sales of their Chinese crap due to people being broke? No that can't be it. Everyone in the US just moved to buying from Nordstrom and Neiman Marcus instead. Everyone in this country makes too much damn money. Salaries are too damn high!
Green Shoots!
The friendly Wal-Mart greeter will now be replaced with a fat rent-a-cop holding an Armalite.
On Cat Walks patrolling the store overlooking the shoppers while the loud speaker says, "Shop! Citizen. Remember, Walmart loves you."
"Consume! Consume!"
Not enough motorized scooters available. Muricans can't be expected to walk while they shop. Duh!
Bulldoze the stores, leave the Chinese junk in them and operate them as community landfills.
Oh no! We only made $114 billion this year! What ever are we to do with ourselves?
Numbers have ceased to have any meaning. This world is fucked.
As with China, WMT needs big "profits" to break even. God only knows what their off book "marketing" expenses are.....
Revenue != Profit
Simply does not matter. New ATH again. Spoos will never go down again. Buy now before you miss out.
Walmart now puttting liposuction/crematorium services in new stores. Growing business. Urns for ashes made in China.
You can now haul Grandma there have a small ceremony and put on conveyour belt thru oven and 30 minutes later pick up the lovely Urn filled with Grandmas ashes.
All for the low price of 99.95 (excluding tax).
Sure beats $7000 coffins and cemetery plots going for 20k.
Shareholders are HAPPY!!!!!!!!!!
Walmart lobbying hard to legalize euthanasia as they already have plans to expand into that service also.
Shareholders HAPPY!!!!!!! (most important thing of course, in Amerika).
Is that a Walmart sign in the background? https://www.youtube.com/watch?v=yOV8mBjHHYg
I believe it is., or perhaps a Target??
DutchBoy .. who did you piss off to keep getting down voted on innocuous comments..
Focus-tested much better than the Do-It-Yourself Suttee Kit (can of lighter fluid and Bic).
Fun Fact.
I have a friend that makes these Formica "bins" for crematoria companies.
They are roughly coffin sized.
Once the dearly departed are sent through the EZ Bake, they flip the ashes and some illegal alien ghoul sifts through the ashes for.....wait for it.....
The barbaric relics! Yessir. Ze Gold. Ze Silver. Ze Platnium. Recovered from ze ashes. Just like at ze kamps. About barfed when he told me. He just groaned and said the countertop business is shit and he needs to business.
He said the guy he sells these to showed him a box of pacemakers.
Said they were still hot and the people get shocked handling them.
I plan to be cremated. I also plan to read the contract very carefully and to have a lawyer present once I come out of ze oven to make sure vultures don't pick through my ashes.
He was also shown a box of artificial joints.
Wow, that is fucking unbelievable (not really)
The ZioNazis of Kiev, are reportedly the biggest organ harvesters on the planet along with their pals in Tel Aviv.
Lots of the bodies of the people they killed in Donbass were reportedly stolen and carved up for the organs.,
Kill to order more or less.,
Someone's not buying all the things
Guess those low-low prices are gonna have to get low-low-lower.
They'll contract ISIS to shoot the greeter and "pull" the store in its footprint, soon. At least they won't have to explain the concept of free fall.
Should be a nice insurance pay out.
Luckily Walmart is only a barometer for the living conditions of the irrelevant and ignorant serfs.
Walmart, the barometer of the living conditions of 89% of US citizens.
I'm still at a loss with the dumbfucks that came up with 'never ending growth' and based everything on it. Some idea that was.
Same here, as if negative growth is a bad thing or something.
Itz da weatharrr!!
The weather guy said Polar Vortex happens just before Kondratiev Winter
Walmart's problem is that they have raised prices substantially over the last 5 years. I used to buy their 5 inch round pies for 50 cents - but not now at 86 cents. Bakery items are up, and of course anything beef or dairy is way up. Small appliances are priced the same at Walmart as everywhere else. Same thing with DVD releases. Murikans already got drawers full of cheap Chinese clothes. And worst of all, Walmart is always out of 22LR!
Whats a DVD? Ever hear of Bittorrent and streaming?
Walmart is always out of 22LR!
That's because all the ammo manufacturers are working feverishly to produce hollow point ammo to save the DHS from the American people.
Luckily Walmart is banned in this country and our neighbours in Germany kicked them out after 2 years. Germans hate getting fucked .
Also we value our beautiful country and small businesses and don't want the landscape dirtied up with ugly box stores.
"Germans hate getting fucked ."
Really.
Maybe vaginally.
Greek style...you know, up ze nickel slot?
They seem to be doing their damnedest to get some of that.
Isn't everyone?
Sorta. Can't argue there.
"...we don't want the landscape dirtied up..."
Yet hog barns are wall to wall in Holland? I guess it depends on what "beautiful" is, is in the eyes of the beholder.
In the cities? You are another myth spewing knuckledragging know nothing wanker.
The difference betweeen USSA and say Germany . the Germans did not totally sell out their manufacturing base to CHINA or third world.. they had enough SENSE to hang onto high end manufacturing at least. the plutocrats in the USSA and UK . were too damned DUMB to do that . Germany also has a different corporate culture from what I see.. the adversarial model of the USSA and UK as opposed to German everyone on the same page from investor to shop floor.. the British model of economics came to the USSA . .and the world of Charles Dickens came with it . the USSA has had only ONE small period when vast numbers of city dwellers had jobs.. from about 1948 to 1975 or so .. the Middle Class grew out of high paying manufacturing jobs.. but that ended in the early 80s . anyway .. because of it . the German model survives and we have the Wal Mart Costco Dollar Store cheap shit model . and even our high tech manufacturing is being shipped to China and the four winds.. that is why we have the LEMON known as the F-35 and the Boeing 'dream liner' cobbled together in 20 countries with different quality controls.. NOT to mention the electronics for the F-35 made in CHINA . yippee for murkican UK capitalism . .Lenin was right . .they will hang themselves on rope the commie fascists sell them.
so is everyone else, i work in the gun industry for a major player (one who if they could get supply of 22lr would happily sell it to WM, capatilist pigs that they are), 22lr flat dont exist right now. I can't even get any, and i work there.
Think we noticed that.
Got any idea why? You'd think the machines that make 22LR could pump out a billion a day. What's the deal?
Now that we have someone in the gun industry on here...what is the problem finding .22s? Is it hoarders? Is it guys using them as automatic fire just goofing off? Why is there a shortage?
Many people shop Aldi for many of the basics now instead of Wal-Mart.
Deutschland uber alles . Aldi is German, just like T-Mobile. ING bank is Dutch.
Compare and contrast the family the owns Aldi vs the pact of shit sucking vampires that own Walmart.
easy call. Ze Germans get my business.
@DB while you're getting all patriotic, why don't you sweep your porch of the pedo scandal headed up by the ol' boy over the police & judges?
I am not in the UK.
then you're ignorant of the skullduggery in your own country... Joris Demmink
https://www.youtube.com/watch?v=N_ef4P3Fk0k
Ohh, probably,. so been groping lots of Willies lately? Willy=pecker
that the best you can do, vagenius?
Got your finger in the Dike?
Fight Club welcome day is always my favorite.
Well done. Like a steak.
Walmart sells the most U.S. made products sold in any American retailer.
Is there another American retailer? BTW, what department? The guns and ammo dept?
Last time I was in the USA (2002) I did a test to see if people were actually listening.
At a nice restaurant ,while paying the bill at the register, the canned ''did you enjoy your meal?. I replied, no it was terrible, she was busy making change and said ''Great, glad you enjoyed it and then the perfunctory ''Have a nice day''.
Company earnings data and sales forecasts are predictable when you know what's coming. The Dow Jones Industrials are peaking and that means the forecasts of everyone, not just Walmart, will be abysmal.
http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-w...
Just need to fire the WAL-Mart greeters and numbers will improve Q3.
Welcome to Walmart. Our world of thousands of square feet of crap.
When I go to Walmart the stores are in mess, and it looks like a ghost town. This country is in a full blown recession, but the bastard media, and elite won't admit it.
"When I go to Walmart" - there is your problem. Have some self respect.
X1000
better tweet the POTUS #EBTNOLIMIT
Walmart having HUGE sale this weekend!!!!!!!
Toilet paper, half price* (minimum 100 roll purchase)
Beat the rush and don't get crushed.
*only one side used.
Walmart has to stop selling Chinese junk and start stocking more of what Americans are really buying -- beer and hard liquor, guns and ammo, marijuana, fresh cooked pizza, fresh cooked burgers and fries, drugs needed to make meth, and glazed donuts!
Put some snapping pussy on those empty shelves.
Can you fit on the shelf?
Not a bad result actually, considering the no-growth economy we are in. Could have been worse. Probably bad HVAC systems in some of the stores kept customers away.
Walmart is studying the IKEA model.
You come in the store but have to walk all the way through to find the exit. Meanwhile, lots of loss leaders on the way through.
I do my shopping HERE. No parking fees, no wasted gas sitting in traffic jams., and can find best price nationwide on item I am looking for. In many cases beats Amazon prices.
http://www.kieskeurig.nl/
I do my shopping HERE.
https://www.freecycle.org/
Rollback Pricing!
This makes sense. In the booming economy we have and the 5.4% low unemployment bestowed upon us by our Dear Leader BO, people are making too much money to shop at the likes of a Walmart.
Wal-Mart needs to increase their number of fat carts so they can cater to the people with large appetites.
They need to increase the size of the holding carts for these large people. Those potato chip bags/snack food bags take up a lot space.
Almost was run over by those people.
Just have fork lifts for rent at the entrance, (for the shopper OR the merchandise)
"Just have fork lifts for rent at the entrance, (for the shopper OR the merchandise)"
Now THERE'S an idea! I can see it now, the Wal-Mart combo motorized scooter / shopping basket / forklift! Somebody's gonna patent this and make a fortune!
Chinese can make good stuff but they don't send that to Walmart knowing people will just buy crap for the sake of buying. (retail therapy).
I bought these 3 Chinese electric scooters built in 2006 and retailing for 1300 Euros each,. I got all 3 used on Dutch Ebay for 250 Euros. Just had to do a few small things like clean the contacts and they ran like new.
https://www.youtube.com/watch?v=zS9p5-PjmNE
Walmart's executives should be tried and executed for treason and all of their stores burned to the ground. They are nothing but a front for their Chinese masters selling their worthless crap. I have not shopped at a Walmart's in over a decade. If you are an American patriot, KILL WALMART.
WE killed them here and we aren't even American patriots.
They didn't last in Germany after they found out the law is all employees get 5 weeks vacation, its a FEDERAL LAW. They also found out that making cashiers stand at the till is illegal here. Hard on back. All cashiers sit perpendicular to conveyour and scanner and cash drawer in front of them.
Also found out the standard work week is 38 hours with full benefits and mandatory times and a half over and double time for Saturdays and Sundays and triple time for holidays.
Just change the labor laws to those of modern countries. Is that so hard? Walmart will fold very quickly and STOP being so concerned about shareholders and think more about the workers.
Jade Helm
6 stores can equal 200m in revenue/ebt card cash?
I went to the local Wal-Mart the other day after not visiting it in some time. I noticed empty shelves, in fact even the "homes" for products that are high-sellers, turns out they have a Mexican woman as the new manager. I had inadvertently spoken with her when I called to inquire about a product. The phone was answered by someone jabbering on in Spanish, I said, "pardon me I only speak English", she then said "Sorry" and HUNG UP ON ME! Also there is a plethora of new Mexican hires, it seems that ALL new hires there are Mexican.
Well Wal-Mart used to sell MADE IN USA, anyone remember that ad campaign? Now it is a 3rd world toilet.
Was only a matter of time. If irony was economically stimulating we'd all be farting through silk right now.
Company guidance was .95 to 1.10 for the quarter. WMT didn't miss their estimate, the analyst estimate was wrong by a penny. You know, when an analyst is wrong, they blame it on the company.
Just like when a weatherman is wrong, blame it on the weather, not on the weathermans poor forecasting skills. Logic.