Topic

WMT

A collection of 3 issues

Walmart and Target CY 3Q'25 Earnings

It is a bit strange co-incidence, but CY3Q’25 was the last earnings call for both the current CEOs of Walmart and Target. However, the backdrop in which they are passing down the baton to the next person perhaps couldn’t be any more different. In both cases, the new

Walmart and Target Earnings

Walmart and Target announced their earnings this week and while I don’t follow these businesses rigorously, going through their earnings simultaneously was an interesting exercise. If you looked at Walmart and Target’s same store sales growth trajectory in the last eight quarters, you might be tempted to think

Amazon's Ambition in Groceries: Part 1

Back in 2023, Terry Smith from Fundsmith wrote the following as their rationale to exit their position in Amazon (emphasis mine): Relatively new CEO Andy Jassy enunciated some principles of investment which investment projects had to have, namely: 1. Be big and capable of delivering good returns on capital. 2.