Tuesday, February 22, 2011
Q4 Wal-Mart Results
Net sales results
Net sales were as follows (dollars in billions):
|Three Months Ended||Fiscal Years Ended|
|January 31,||January 31,|
See the prior post below for more on WI, businesses and the fiscal picture.
I am afraid it is more of the lower classes having even less available money and so spending less.
On the other hand, Home Depot was up 75% last quarter.
They bought out of their weekly budget a bit at a time.
This year the basic costs will make the picture worse for these people; most still aren't gaining in terms of real income.
The tax raise for lower income workers in comparison to 2010 doesn't help, and inflation trends will be worsened by the large tax break for upper income families.
Consumer sentiment is at a three year high. For what that's worth. Again, the market was not impressed. Libya and the price of oil is a bigger worry. High oil and gas prices could strangle this recovery befor eit get any steam up. Drat!!
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