1.9% Same Store Sales Drop At Walmart

August 13, 2009 at 11:10 am  ·  Category: Macro Economics, Market Commentary, Stocks

This one really surprised me.  Walmart (WMT) has been benefitting from the recession as consumers trade down.  But this morning they reported a 1.9% same store sales drop for the quarter ended July 31, 2009.  Does that mean consumers are struggling even more?  Or does it mean consumers traded back up to higher end retailers during the May-July period as the economy recovered?

wmt-1-year-chart

Disclosure: Top Gun is long Walmart (WMT) shares.

Posted by Greg Feirman  ·  Trackback URL  ·  Link
 
2 Responses to “1.9% Same Store Sales Drop At Walmart”
  • Is there a site which lists, every month, same store sales numbers for all major retailers?

    Gerry Kahle  ·  Aug 18, 2009 at 5:58 pm  ·  Permalink
  • The WSJ Online has a table you can look at every month.

    Greg Feirman  ·  Aug 19, 2009 at 9:28 am  ·  Permalink

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