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Stock impact report

Why Walmart's CFO Says American Consumers Are More 'Resilient' Than It May Seem [Yahoo! Finance]

Walmart Inc. (WMT) 
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
Company Research Source: Yahoo! Finance
Key Takeaways Despite economic uncertainty and soaring gas prices, U.S. consumers continue to spend, according to Walmart's chief financial officer. Consumer confidence unexpectedly rose last month, though the outlook for later this year grew more pessimistic, according to a recent survey. How are shoppers doing after six weeks of war and the worst oil supply shock in history? Apparently, just fine. “The consumer continues to be very resilient,” Walmart ( WMT ) CFO John David Rainey said Wednesday at a JPMorgan conference. “I am probably more constructive on the consumer than what one would glean from reading the headlines,” said Rainey when asked how shoppers were responding to the war in Iran and climbing fuel prices Consumers increased their spending by 0.5% in February, a modest increase from January when harsh winter weather weighed on spending, according to data released today. But investors and economists have been concerned for the past six weeks that the war in Ira Show less Read more
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