Walmart Continues To Prosper In Tough Economy

November 14, 2008 at 11:54 am  ·  Category: Macro Economics, Stocks

Yesterday morning Walmart (WMT) reported another solid quarter (WMT FY 3Q Earnings Release).  This morning The Wall Street Journal ran a front page article on them: “Walmart Flourishes As Economy Turns Sour” (subscription required).

While other  retailers were reporting horrid same store sales, Walmart’s actually increased 2.7% in the quarter, including 2.2% in October.

As I’ve written before, a tough economy is Walmart’s sweet spot.  This is The Walmart Economy!

Since we’re probably heading for a multi-year, generational shift in consumer spending towards thrift this is shaping up to be quite a good stretch for Walmart.

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

Posted by Greg Feirman  ·  Trackback URL  ·  Link
 

Leave a Comment

Name required
E-mail required, won't be published
Web site