The breakdown of Walmart’s “productivity loop” is catching up to the company again, as equities research firm Wolfe Research cited the effect of persistent understaffing among three reasons behind its downgrade of Walmart from “market perform” to “underperform” in a research report this week.
More takeaways from last week’s analyst shindig:
Last Tuesday, Walmart brought Wall Street analysts down to Arkansas to get them up bright and early and show them PowerPoint presentations for hours (aka the “20th Annual Meeting for the Investment Community.”) Our invitation must have been lost in the mail, but we’ve sifted through the transcripts, news reports, and PR spin, and have some takeaways of our own. Here’s the first set:
