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5 Retail Stocks Getting Left on the Shelf

Don't expect fireworks from these companies in the coming months

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Walmart

Things aren’t so hot at Target’s nemesis Walmart (WMT), either. The company is hoping to lure shoppers with deals like a $98 32-inch TV.

Walmart, WMT, walmart stock, wmt stockCEO Mike Duke noted in the company’s Nov. 14 results that the environment “remains competitive.”  During the latest quarter,  profit excluding some costs rose 2.8% to $3.73 billion, or $1.14 per share, a penny better than expectations. Sales were disappointing, though, gaining 1.6% to $115.69 billion, lagging the $116.8 billion analysts were expecting.

The company’s same-store sales figures and  guidance were also disappointing. WMT stock is up more than 16% this year.


Article printed from InvestorPlace Media, http://investorplace.com/2013/11/five-retail-stocks-discount-rack/.

©2016 InvestorPlace Media, LLC

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