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Walmart’s Profits were down last quarter. If you think "ohhh too bad… Jimmy Walmart has to build a smaller summer mansion. What do I care?"
Let’s reconsider this. Walmart cash registers ring up 20-thousand dollars in sales per second. In the time it took Jeff to type that they ran up 100-grand. And there’s another 100-grand. You get the idea?
They have 5,000 stores chock full of - well - almost everything. And Eddie Elfbein from Crossing Wall Street says Walmart is a better barometer of the US Economy than all the government statistics. And here’s what Walmart’s earnings tell us.
That middle and lower class Americans are already changing their shopping habit.
4.9
3030 ratings
Walmart’s Profits were down last quarter. If you think "ohhh too bad… Jimmy Walmart has to build a smaller summer mansion. What do I care?"
Let’s reconsider this. Walmart cash registers ring up 20-thousand dollars in sales per second. In the time it took Jeff to type that they ran up 100-grand. And there’s another 100-grand. You get the idea?
They have 5,000 stores chock full of - well - almost everything. And Eddie Elfbein from Crossing Wall Street says Walmart is a better barometer of the US Economy than all the government statistics. And here’s what Walmart’s earnings tell us.
That middle and lower class Americans are already changing their shopping habit.
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