Friday, May 31, 2013

What Are The Bright Spots In Wal-Mart's Earnings?

From Seeking Alpha

The world's leading brick and mortar retailer Wal-Mart (WMT), has reported its earnings for the first quarter of 2013 in which it missed Wall Street expectations. This was partly due to the bad weather, delays in tax refunds and a payroll tax increase. However, there were some bright spots in Wal-Mart's performance. The company continues to grow globally in the e-commerce space while the management believes that Wal-Mart is increasing its market share in groceries, despite the lackluster performance as compared to some of its rivals .... Read More