Actually, Walmart's Q1 Report Was Better Than It Seems
The market seems to be focusing on the wrong things, causing it to look right past some important details.
With nothing more than a passing glance, it would be easy to come to a bearish conclusion about Walmart (NYSE: WMT). The world's biggest brick-and-mortar retailer topped its first-quarter earnings estimates, but its reported profits technically fell year over year. The company also cautioned shareholders -- and perhaps customers as well -- that new tariffs will likely force the company to raise its in-store retail prices.
Shares fell slightly following Thursday morning's release of Q1's numbers and second-quarter guidance, implying investors are at least a little bit worried about the foreseeable future.
If you're one of the worried, you might want to dig deeper into the numbers... all of them. This company's doing far better than the market's initial response suggests. In fact, this stock's still a solid buy -- not despite economic challenges, but arguably because of them.
