Due to Bonespurs caused rising inflation and projected higher prices caused by Bonespur's tariffs. Thanks Bonespurs! Now your maga cult lemmings are going to have to postpone their 'fancy clothes' purchases. 😟
Walmart stock tanks amid reports of much lower sales
- Thread starter sabula
- Start date
I've been noticing the retail places around here are ghost towns and that's been going on way before Trump got in..
Can you show proof with retail numbers?
I imagine most Americans are like me and see the writing on the wall and have made a concerted effort to drastically tighten up and cut to the bone after it became apparent that Trump is going to kill the economy.
This doesn’t surprise me in the least
This doesn’t surprise me in the least
Walmart stock dropped 5% after projected growth of 3.5% comes in less than expected and additional delays in purchase of Vizio.
Also, Walmart is up 72% in the last 12 months.
Target sales are down 22% after boycotts for cancelling their DEI initiatives.
Nothing wrong with that, i can get through the store much faster, cuts my time in half and don't have to doge slow people.
On the plus side, it might bring back some of the customers that boycotted them because of LGBTQ merch.
Thanks Joe. Now Trump is here to F*ck it up.
If the markets are going to tank, I hope it happens in the next week. I would like a buying opportunity when I get back into the game.
I thought it was the MAGAs who were poor. All I see are crying Shitlibs .
I get it... the truth hurts you. Nice rebuttal to the facts I posted though. 😂
You're referring to shopping malls.
This discussion is about Walmart.
The Biden economy that Musk inherited is as strong as the Obama economy that Trump inherited.
But I think you'll agree the current WH is already finding ways to fvck it up.
The lemmings are poor. Can't hardly afford their trailer lot payments or Keystone Light cases anymore. Gonna have to do the clothes shopping at Goodwill going forward, rather than the usual 'fancy' stuff they generally get at Walmart.
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I saw it on the CNN bottom screen crawl. I think people are worried about how much cash they are spending and they are cutting back. It doesnt take much lighter traffic in your stores to drop sales 5-8%
The Dow lost 1% and big banks lost 4%, Walmart stock down 8%
Thank you. Wal Mart beat both revenue and earnings estimates. The stock dropped because margin is projected to grow more slowly than revenue.
Duh, they’re shopping at Goodwill because it’s better for the environment, not to save money.
This is not surprising, actually.
When you listen to the CFO he claims this has always been the guidance, its not their fault the market raised expectations. Its also a fact that they always try to make a bar they can beat. The difference was, the last few quarters have been really, really good. I was expecting a pull back sometime though. Since June of 2022 where it was $40 (post split numbers), its gone up 160%.
The stock plummeted all the way to “still higher than it had ever been prior to last month”.
Or... most of them probably work there, bless their hearts.
The only way to do it would be show you pictures of the aisles being total ghost towns.. I think the numbers are still good on the interwebs for online sales, I don't know if companies like Walmart and Best buy separate their retail brick and mortar from the interwebs sales. I like to watch YouTube shows about the downfall of retail, for some reason it fascinates me. Especially the old Kmart and Western Auto type stuff ...and now people are wondering why advance Auto parts is closing 700 stores and why harbor freight keeps doing a bunch of changes to their tool lineup... Whatever happened to Sears and also circuit City.... Stuff like this. Lately I've been wondering what the heck happened to Nissan but they do have a horrible reputation with that CVT transmission.
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So last month when Choir Boy Joe was in there, it was at an all-time high, and in the last month it's crashed. Thanks Bonespurs, great effect on the market you've got there. Quit Making 'Merica Great Again.
Oh no I'm talking 100% about Walmart. Basically most of the shopping malls around here are gone ...long gone. Which is also a fascinating thing to watch on YouTube , cuz people go in these old malls and go urban exploring. Just the other day , I think it was last Friday, I had to go to Walmart to get some printer ink ..holy crap that place was a ghost town. I'm telling you.
There was about three or four teenage boys running around the aisles playing with those big rubber balls and smashing stuff up.. it was pretty funny. Right before Christmas I went in Best buy and this is Christmas season and it was empty nobody in there. Which brings me to another point which is OfficeMax or office Depot. This is why I was getting printer ink at Walmart, my local office store closed, I think it was office Depot I get those two mixed up.
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Walmart was at 40 times future earnings. That is extremely high and prices for perfection. They are extremely welll run. Lot of people taking profits today with their high forward PE. Not so sure Trump has much to do with this one.
I hadn’t planned on going there because that wasn’t my point. But since you brought it up:
Closing price, January 17 - $91.94
Closing price, February 20 - $97.21
It’s up 5.7% since Choir Boy Joe left.
Link to something showing Trump’s policies which are largely not in effect caused the latest increase in inflation Ass Clown.
Actually link to the last CPI and when the next one is released.
As I said, you’re an idiot.
Right, but he said it started before Trump and I don't think it did.
Fake news.
Where did you learn these lies? Seriously, what is the source of your confusion?
https://www.cbsnews.com/news/target-stock-down-earnings-miss-what-went-wrong/
November 20, 2024 (note that date!)
Target is heading into the holiday season with a gloomy outlook, with the retailer reporting its sales and profit fell short of analysts' expectations and lowering its earnings forecast for the current quarter. Its shares tumbled, losing 22% of their value.
First, can you grasp the distinction between sales volume and stock price?
Now lets focus on the calendar:
https://www.esgdive.com/news/target-ends-dei-initiatives-belonging-inclusion/738863/
Jan. 31, 2025
Target announced the end of some diversity efforts last week,
Does January 2025 precede November 2024?
Don't look now, but Amazon is down 10% from its highs as well. Seems to be more of a Trump economy thing than a specific retailer.
It's been about a month maybe exactly a month... Yes I understand they could get spooked.... The markets can get spooked by any number of things. I do think it's a little early but time will tell.
I think it started right after covid ended. i own a courier company here for 23 years and I deliver a retail stuff to big box retail -service oriented stores. During covid everything went haywire of course. Then after it settled down things went back to being kind of slow. This was right in the middle of biden's four year term. So I've seen about 2 years of gradual slowness. So I think it's too soon to say that Trump did anything but we shall see , time will tell. Check back in about a year or two.
Instead of following your whims, if you can read you'll find retail sales grew at a good pace every year after covid.
LOL
In Trump’s first term, the rate of gain in the stock market hit hyperdrive, but it was because of Obama.
Trump is in 4 weeks, and any negative is his fault.
Love it.
In Trump’s first term, the rate of gain in the stock market hit hyperdrive, but it was because of Obama.
Trump is in 4 weeks, and any negative is his fault.
Love it.
