Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

WMT - Q1 at low end of forecast, nobody cares but doesn't this continue to confirm that the "budget-conscious" consumer is tapped out? All their sales are on post-payday weekends

Wal-Mart guides in line on recorded call (WMT) 52.60: -- Update -- Company issues guidance for Q1 (Apr), sees EPS of $0.56-0.58 vs. Reuters Estimates consensus of $0.56. Co sees FY06 (Jan) EPS of $2.70-2.74, consensus $2.73. Co sees Q1 same stores sales near low end of forecast of 2-4%