Walmart $WMT reported a double beat but got beaten down as a result.
It was a bad day to own the stock.
Our retail analyst, Jeff Macke, wrote a fantastic deep dive about the report. If you haven't seen it already, you can check it out here.
The bottom line? Jeff found the quarter worse for Walmart's peers as they continue to invest heavily in the business. They are crushing competitors like Target.
In addition, the company is the largest private employer in the United States. This adds up to be a massive overhead expense.
With the AI revolution accelerating, they are a huge beneficiary. They're automating all kinds of labor, which is expected to expand margins.
