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$WMT earnings highlights
Looking at both Walmart and Sam's Club merchandise highlights, I gain a better gauge on which retail niches are doing well and which aren't.
Here are Walmart's quarterly merchandise highlights:
And here are Sam's Club's merchandise highlights:
From looking at the two brands, here are a few highlights we can gather:
- grocery sales grew by low double digits
- health and wellness products grew by single digits (people prefer to buy smaller containers of those products than in bulk)
- technology, office and entertainment product sales continue to see declining sales
- back to school spending has provided some growth for retailers in areas like merchandise and apparel
Overall, this earnings report makes me slightly bullish on $NKE $VFC $FL $DKS $JNJ $ABT while making me bearish on $WSM $BBY $ETD $RH $W $YETI $MLKN.
Being the bellwether of the retail sector, $WMT tells us what consumers are shopping for and what they aren't in the market for.
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