Tuesday, May 18, 2010

Walmart Lacks Tranparency Numbers Just Too BIG

Walmart (WMT) released earnings to beat its own guidance, beat First Call Consensus Guidance and then talked down future results. Same store sales are not doing well. The US consumer is not doing well. If the US consumer is recovering he/she is taking their money to some place nicer.

The earnings release does not provide significant merchandising or regional categories. International is doing well but we have no idea where the wellness is. This company blew their brains out in Germany, Japan and South Korea. They do not have a good track record internationally.

The international numbers provide no transparency. The US numbers provide no transparency. What does an investor hang his hat on?

Disclosure: No position in this stock