Walmart Continues To Prosper In Tough Economy
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).
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).