While we expected conservative guidance, this is considerably lighter than what the Street was looking for and could pressure the stock in the near-term.
Adrianne Shapira
Either way, holiday is off to a bumpy start.
start
Strong tourism trends could help mitigate lighter local traffic.
strong tourism trends traffic
While turning a battleship is not easy, there is clear determination and urgency across the ranks.
determination easy
pressure guidance conservative
Investors expected more than in-line results.
results
We believe higher-income customers may be starting to take notice of new fashion forward merchandise such as Metro 7 and 400-thread count sheets.
fashion starting count forward
Change is in the air and in the results.
results change air
While it remains early days, change is in the air and in the results at WMT.
results change days air early
It's a near-term hit for long-term opportunity.
opportunity
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