Walmart And Other Stuff -- November 15, 2022

Inflation:

• And as a reminder, the real driver of high-inflation numbers was the price of used cars.

Pre-market:

Walmart, link here:

• shares jump 7% in pre-market trading
• strong earnings: EPS and revenue beat
• guidance: full-year guidance boosted;
• Dow futures up 150+ points: up 172 points

Walmart earnings:

The numbers:

• EPS: $1.50 vs $1.32; up 3.4% y/y;
• revenue: $152.8 billion vs $147.75 billionn; up 8.7% y/y;
• US same store sales rose 8.2% vs forecast of 4.6%; up 25% y/y

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Turkey Drive 

Every year Sophia's elementary school sponsors a turkey drive for a local charity. This year, the school hopes to beat last year's record of ~ 300 turkeys.

Sophia's extended family donated seven turkeys. May and I bought the last Honeysuckle turkeys available at Target and then two more Butterball turkeys. Her parents bought two Butterball turkeys. The "89-cent-per-pound" turkeys were all sold out. Honeysuckle and Butterball were $1.19 / pound, the same -- or very close -- as last year.