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Motley Fool Money

Walmart Wins Bargain Games

Motley Fool Money

The Motley Fool

Business, Investing

4.43K Ratings

🗓️ 15 August 2024

⏱️ 30 minutes

🧾️ Download transcript

Summary

The world’s largest retailer is crushing the market. (00:21) Asit Sharma and Ricky Mulvey discuss: - Walmart’s international growth and pricing power. - What broader retail sales data says about the economy. - The economic side effects of weight-loss drugs. Then, (16:39) Motley Fool Analyst Buck Hartzell joins Ricky to discuss Shift4, a payments company putting up impressive growth numbers. Companies discussed: WMT, COST, KR, WMS, LLY Article discussed: https://www.bloomberg.com/news/features/2024-08-07/ozempic-boom-inside-usa-s-weight-loss-drug-capital?ref=biztoc.com Host: Ricky Mulvey Guests: Asit Sharma, Buck Hartzell Engineer: Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Walmart's not seeing a recession and you're listening to Motley Full Money. I'm Ricky Mulvey joined today by Aset Sharma Osset. How we doing?

0:25.0

We're doing well Ricky. I couldn't figure out if I should put the er at the end of that

0:29.5

we or just keep it as we, we doing well,

0:32.8

but I think we're doing well.

0:34.2

We are doing well.

0:35.4

Take the preposition out of it.

0:36.6

This is a formal time.

0:37.9

While many are softening their spend on things like travel

0:41.2

and home improvement, shoutout out Home Depot.

0:43.8

Walmart continues to win the bargain games.

0:46.9

And they reported this morning.

0:48.3

I'll give you some highlights and then you can pick

0:50.1

from that menu of what interests you.

0:52.2

Number one is we got a guidance raise Wall Street's sure happy about that

0:55.4

to almost 5% for the year previously it was 4% that's remarkable for such a large

1:01.2

retailer international sales are up 8% and that's about

1:05.0

double the U.S. comp sales. We've also got general merchandise, so that's

1:10.7

appliances and clothing at Walmart.

1:13.0

That grew after almost three years of declines.

1:17.0

Anything in the report stand out to you.

1:19.0

I think those international sales are pretty interesting because they're differently composed than the US sales.

1:25.6

Walmart's been investing around the globe and not just in the same type of formats it has here in the

...

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