Q: Thoughts on the quarter please?
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5i Research Answer:
EPS of 81c missed estimates of 83c; revenue of $21.8B missed estimates of $22.1B. EBITDA of $1.88B beat estimates by 0.7%. US same store growth was 2.8%, ahead of estimates. It was a miss, but hardly a disaster. Still, the company noted lower merchandise volumes and 'pressure on consumers'. Recent events (higher oil) could maintain some pressure here. We would not react here with the stock already reflecting the news.