WMT: Less Recession; More Competition; Poor Execution -- July 26, 2022

WMT: 2Q22 earnings -- starting to get a better picture; two things:

• poor inventory control; a one-off; seldom seem with Walmart
• clothing sales hit the skids

MCD: link here.

• great execution;
• same recession that WMT is facing
• same demographic as WMT:

• jumping 10% during a recession is no trivial accomplishment; especially when WMT fails same quarter;