This
has been a better year for Walmart's
(NYSE:WMT)
stock than many of its customers, as the stock has more than doubled
the return of the S&P
500. While Walmart did have a solid back-to-school season and is
as leveraged as anybody to improving consumer conditions (and
confidence), the sluggish comp numbers suggest that the company is
not completely out of the woods.
Decent,
but Not Great, Third Quarter Numbers
Walmart's
earnings always get a lot of attention, given its enormous position
within
the United States retail sector. To that end, Walmart's numbers
may be a good reminder that, while the worst may be over, that's not
the same thing as saying that the good times are back.
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