Monday, May 25, 2009

The juggernaut rumbles on

When you're wrong it's best to admit it and move on. A couple years ago, it appeared that Walmart was struggling, especially overseas (closing operations in Germany and Korea, and posting poor performances in Japan and UK).

But things have changed. Actually, I admitted this last year, when I posted this, but now things are looking even better:
  • International operations Q1 underlying sales up 9.1 pct
  • International Q1 underlying operating profit up 7.8 pct
  • Says outperforming in almost every foreign country
  • "Stand out" quarter from Asda in Britain

Some of their growth of course must be attributed to the recession, but the improvement seems to have predated the worst of the downturn. It looks like Walmart's growth continues unchecked.

No comments: