Markets
Walmart’s Q3
After the automotive industry, baseball, Apple Pie, and Walmart are the big three when it comes to measuring the US economy’s health. (Source: Chris, just making things up)
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Is a recession coming? Is it already here? Should we be saving canned food and lamp fuel in the basement?
Some folks say yes, some say one is partially already started, and some say "no, thanks." We are not the authority on such matters, but as we find data, we will always share it.
Walmart has released its Q3 earnings report and does not show signs of a stalled economy.
- Total revenue is up 4.3% to $140.5B
- eCommerce grew 8%
- International sales decreased by about 20%
- Inventory is up 11.5% ahead of the holidays.
