Analysts Like The Direction Walmart Is Headed

Walmart scored well with Wall Street analysts this week, hosting them in Bentonville for the company’s annual investor conference, a tradition that dates back to the early 1970’s after the company went public.

While the song and dance routine has changed a bit since the early days of float trips on the Elm River, Walmart did wine and dine the group and took questions in a half-day conference on Tuesday with time to visit stores and check-out some of the investments being made.

Walmart wasted no time getting down to business as it made two announcements ahead of Tuesday’s conference start. The biggest of those was an updated earnings guidance that factors in $16 billion Flipkart impact not previously included.    MORE

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