Brian Stewart

Yeah, right. But yeah, there's been sort of... a rush into Walmart. It was not even a rush, it's sort of a steady drip, drip, drip over the last 12 months. And I think that's partly the same kind of Coke McDonald's value play, the expectation that inflation is going to drive people to lower price alternatives. Walmart's also getting a lot of credit for its e-commerce gains.

Yeah, right. But yeah, there's been sort of... a rush into Walmart. It was not even a rush, it's sort of a steady drip, drip, drip over the last 12 months. And I think that's partly the same kind of Coke McDonald's value play, the expectation that inflation is going to drive people to lower price alternatives. Walmart's also getting a lot of credit for its e-commerce gains.

It's making a lot of inroads there and international expansion. One thing to look out for when the earnings come out is whether or not the company is worried about tariffs. Again, it's a large international company. It's low price. kind of strategy is based around getting cheap goods from overseas.

It's making a lot of inroads there and international expansion. One thing to look out for when the earnings come out is whether or not the company is worried about tariffs. Again, it's a large international company. It's low price. kind of strategy is based around getting cheap goods from overseas.

It's making a lot of inroads there and international expansion. One thing to look out for when the earnings come out is whether or not the company is worried about tariffs. Again, it's a large international company. It's low price. kind of strategy is based around getting cheap goods from overseas.

And so if the management there is starting to sweat it a little bit about potential tariffs, I think that would be a sign that other companies might be following in those footsteps.

And so if the management there is starting to sweat it a little bit about potential tariffs, I think that would be a sign that other companies might be following in those footsteps.

And so if the management there is starting to sweat it a little bit about potential tariffs, I think that would be a sign that other companies might be following in those footsteps.

Yeah, I would expect it to emerge in the earnings conference call after it. I don't expect in the press release they'll say anything about it, unless they actually temper financial expectations. Sales growth won't be as strong as we thought because tariffs. But I don't expect that to happen. I think it'll be more, like you're saying, coded.

Yeah, I would expect it to emerge in the earnings conference call after it. I don't expect in the press release they'll say anything about it, unless they actually temper financial expectations. Sales growth won't be as strong as we thought because tariffs. But I don't expect that to happen. I think it'll be more, like you're saying, coded.

Yeah, I would expect it to emerge in the earnings conference call after it. I don't expect in the press release they'll say anything about it, unless they actually temper financial expectations. Sales growth won't be as strong as we thought because tariffs. But I don't expect that to happen. I think it'll be more, like you're saying, coded.

And I think it'll come out in the Q&A in the earnings report, earnings conference call.

And I think it'll come out in the Q&A in the earnings report, earnings conference call.

And I think it'll come out in the Q&A in the earnings report, earnings conference call.

Honestly, I would be surprised if an analyst doesn't ask about tariffs in the conference call, then I don't know that they're doing their job effectively. I think if you're a Walmart investor, I can't imagine anything else being on your mind at this point.

Honestly, I would be surprised if an analyst doesn't ask about tariffs in the conference call, then I don't know that they're doing their job effectively. I think if you're a Walmart investor, I can't imagine anything else being on your mind at this point.

Honestly, I would be surprised if an analyst doesn't ask about tariffs in the conference call, then I don't know that they're doing their job effectively. I think if you're a Walmart investor, I can't imagine anything else being on your mind at this point.

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