Editor's Note: Walmart's back on top
Six months ago, the sky was falling directly on the proverbial head of Walmart. While company earnings were okay, Wall Street was concerned about a dropoff in online business. Walmart stock tanked by about 20% over a few days.
On Thursday, the company announced its latest results. Guess what? It is back to being the darling of Wall Street again, with some calling the financial results the best in a decade. Today, the stock price is up by about 10% and, with the company raising its guidance, it could set new records in coming weeks.
The bottom line is that Walmart is doing many of the right things needed to compete with Amazon and the consumer is noticing. This is a chain on the rise again and few people should think otherwise.
On Thursday, the company announced its latest results. Guess what? It is back to being the darling of Wall Street again, with some calling the financial results the best in a decade. Today, the stock price is up by about 10% and, with the company raising its guidance, it could set new records in coming weeks.
The bottom line is that Walmart is doing many of the right things needed to compete with Amazon and the consumer is noticing. This is a chain on the rise again and few people should think otherwise.