Artemis US Select Fund on Walmart
Thesis
Walmart detracted after slightly lowering its second-quarter profit forecast and giving a more cautious outlook for the remainder of the year. Artemis nevertheless believes the company's long-term strengths remain intact. The team expects concerns around consumer spending to ease as tensions in the Middle East decline, supporting continued ownership despite the near-term caution.
“We believe its long-term strengths remain in place and expect concerns about consumer spending to ease”
Key risks
- Weaker consumer spending
- A more cautious profit outlook