Replies to post #283013 on Zeev's Turnips Patch-No Politics (ZEEV)

[Joe Stocks]

Wal-Mart Q2 earns top, but rev misses forecasts (WMT) By Tomi Kilgore
NEW YORK (CBS.MW) -- Wal-Mart (WMT) reported fiscal second-quarter earnings of $2.7 billion, or 62 cents a share, up from 52 cents a share in the year-earlier period, and above the average analyst estimate compiled by Thomson First Call of 61 cents a share. Sales rose 11 percent to $69.7 billion, shy of the $70.8 billion forecasted by analysts, with Wal-Mart store and Sam's Club sales increasing 10 percent each and international sales growing 16 percent. Same-store sales rose 4.1 percent, amid 3.2 percent growth at Wal-Mart stores and an 8.8 percent increase at Sam's Club. The retailing giant's stock, a component of the Dow industrials, closed Wednesday down 48 cents at $51.63.<<

$1.1Here.

[WMT] WAL-MART Q2 FIRST CALL SALES EST $70.9B
[WMT] WAL-MART Q2 SALES $69.7B, UP 11.3%

$1.2bil here.

[Joe Stocks]

I had the same problem last quarter at my hardware store. I came up $1.2 billion shy in revenues from where I would have liked to have been.

[Joe Stocks]

WMT added about another .3 bil with better gross margins.

Let me let you in on a dirty little secret in retail...we are all raising our prices. We say our margins are getting better because we are buying better but in reality we are raising prices. HD has been very aggressive in raising prices.