Topic

WMT

A collection of 5 issues

Walmart’s Evolution

After posting 4%+ same store sales growth in the US for eight consecutive quarters, Walmart’s comp numbers last quarter surprised investors a bit as it came to be only 2.6% in Q2 FY27. During the call, management flagged their health & wellness (H&W) segment as the

Walmart’s Trillion-Dollar Mojo

Walmart was the most recent member in the trillion dollar club companies. After coming to IPO in 1970, it took them almost 54 years to reach half a trillion dollar of Enterprise Value (EV). The next $500 Billion took just two years! As they say, the first $500 Billion is

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

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.