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Wal-Mart profit misses forecast; outlook weak
cnn.netscape ^ | May 12, 2005 | Reuters

Posted on 05/12/2005 8:08:27 AM PDT by TXBSAFH

Wal-Mart profit misses forecast; outlook weak

CHICAGO (Reuters) - Wal-Mart Stores Inc. on Thursday reported a weaker-than-expected profit and said second-quarter results would miss Wall Street forecasts as steep energy prices and cool, wet weather cut spring sales.

Shares of Wal-Mart, which said gasoline prices would continue to curb consumer spending in the current quarter, fell 4 percent in premarket trading. The world's biggest retailer said it expects trends to improve in the second half and remained optimistic about the U.S. economy.

"Our results were not up to Wal-Mart standards," Chief Executive Officer Lee Scott said on a recorded message, citing steep oil prices and unusually cool, wet weather in parts of the United States.

EXCERPTED

(Excerpt) Read more at cnn.netscape.cnn.com ...


TOPICS: Business/Economy; Culture/Society
KEYWORDS: buychinese; ihatecapitalism; populistmorons; sadnews; tuhkerjahbs; wallyworld; walmart; workersunite; youshoptheretoo
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1 posted on 05/12/2005 8:08:27 AM PDT by TXBSAFH
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Comment #2 Removed by Moderator

To: ironfang
Tell me again, how much does Wal-Mart make in a year? $280 some-billion?

This is like losing a dollar bill out of a wallet filled with $100s.

3 posted on 05/12/2005 8:11:07 AM PDT by Extremely Extreme Extremist (Harmful Or Fatal If Swallowed)
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Comment #4 Removed by Moderator

To: ironfang

Wow, you're stupid.


5 posted on 05/12/2005 8:11:47 AM PDT by wideawake (God bless our brave soldiers and their Commander in Chief)
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To: Extremely Extreme Extremist
Time to rule back benefits.
6 posted on 05/12/2005 8:12:22 AM PDT by devnull (Your conduct is just wrong.........you should have taken a dump on the Kerry signs.)
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Comment #7 Removed by Moderator

To: TXBSAFH

More folks buying American made goods...


8 posted on 05/12/2005 8:13:16 AM PDT by kellynla (U.S.M.C. 1st Battalion,5th Marine Regiment, 1st Marine Div. Viet Nam 69&70 Semper Fi)
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To: TXBSAFH

Geez, according to some other threads here, Walmart is the only company hiring, and that's why our employment numbers were up 274,000 last month. It looks like they hired a few too many workers -- probably should have hired only 250,000 new employees last month or so, so they'd make their unjust billions by selling Chinese goods to the sheeple while putting mom and pop shops out of business and not giving their own employees adequate healthcare.


9 posted on 05/12/2005 8:14:22 AM PDT by Koblenz (Holland: a very tolerant country. Until someone shoots you on a public street in broad daylight...)
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To: ironfang

What's wrong with Walmart?


10 posted on 05/12/2005 8:14:45 AM PDT by jtminton (The E.P.A.: Bringing you higher gas prices since 1970!)
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To: kellynla
More folks buying American made goods...

No, if you read the article, it's more American dollars going to the Saudis.

11 posted on 05/12/2005 8:15:26 AM PDT by explodingspleen (http://mish-mash.info/)
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Comment #12 Removed by Moderator

To: TXBSAFH

Walmart is too big. Not much room to grow.


13 posted on 05/12/2005 8:16:45 AM PDT by Brilliant
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To: kellynla

I only shop at sam and walmart once a month. I make a big grocery run for packaged items. Their meat and produce sucks. And you are right about there being a lot of chicom crap in the store. But one interesting point, jeans. Levis and now most wrangles are made south of the border, paricularly their shorts. But walmart faded glory denim shorts are madin the USA. Good quality too. I have one pair. When I do buy wally world I buy American.


14 posted on 05/12/2005 8:17:29 AM PDT by TXBSAFH (Alcohol, Tobacco, and Firearms, who's bringing the chips?)
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To: TXBSAFH

Good for Walmart. Helping to build a strong Chinese middle class and simultaneously providing Americans with good-quality goods at very reasonable prices.


15 posted on 05/12/2005 8:18:27 AM PDT by agere_contra
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Comment #16 Removed by Moderator

To: TXBSAFH

Wal Marts stock has been flat for some time. It may well be that they have reached a plateau. Opening new stores can carry you only so far.


17 posted on 05/12/2005 8:18:32 AM PDT by cynicom (<p)
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To: Brilliant
Walmart is too big. Not much room to grow.

Yet, they are building 265 new super centers in the U.S. in the coming year.

18 posted on 05/12/2005 8:19:28 AM PDT by Graybeard58 (Remember and pray for Spec.4 Matt Maupin - MIA/POW- Iraq since 04/09/04)
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To: ironfang

Thanks for bringing up the usually Walmart bashing before the normal weekend thread. Unions have driven out the manufacturing jobs with their wonderful demands. How's your union helping you out lately?


19 posted on 05/12/2005 8:19:31 AM PDT by bfree (Liberals are evil)
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To: ironfang
they are contributing to the continuing oppression of the Chineese people.

Straight out of the D.U. drill book.

20 posted on 05/12/2005 8:21:01 AM PDT by Graybeard58 (Remember and pray for Spec.4 Matt Maupin - MIA/POW- Iraq since 04/09/04)
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