{"id":1411,"date":"2025-08-22T01:30:07","date_gmt":"2025-08-22T01:30:07","guid":{"rendered":"https:\/\/finzexpert.com\/blog\/fmr-u-s-ceo-bill-simon\/"},"modified":"2025-08-22T01:30:07","modified_gmt":"2025-08-22T01:30:07","slug":"fmr-u-s-ceo-bill-simon","status":"publish","type":"post","link":"https:\/\/finzexpert.com\/blog\/fmr-u-s-ceo-bill-simon\/","title":{"rendered":"fmr. U.S. CEO Bill Simon"},"content":{"rendered":"\n<div id=\"NewsShowArticle-ArticleBody-6\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"NewsShowArticle-articleBody-6-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-108189375\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-108189375\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000386452\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><span class=\"InlineVideo-videoButton\"\/><span\/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"NewsShowArticle-QuoteInBody-1\">Walmart<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>&#8216;s former U.S. CEO Bill Simon thinks Thursday&#8217;s stock drop is bizarre.<\/p>\n<p>The big-box retailer lifted its full-year sales and earnings forecast, but the stock still slid 4.5%. <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"NewsShowArticle-QuoteInBody-3\">Walmart<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> ended Thursday as the Dow&#8217;s biggest loser.<\/p>\n<p>&#8220;It was about as good of a quarter as any retailer could have in any environment,&#8221; he said on CNBC&#8217;s &#8220;Fast Money.&#8221; &#8220;I don&#8217;t get the decline in the market today at all.&#8221;<\/p>\n<p>Simon, who ran Walmart U.S. from 2010 to 2014, cites Walmart&#8217;s ability to engage shoppers with lower prices while absorbing tariffs as a key advantage.<\/p>\n<p>&#8220;If you liked them yesterday, I don&#8217;t know why you don&#8217;t love them today. Topline is growing. They&#8217;re expanding their margin,&#8221; he said. &#8220;They are really hitting it on all cylinders.&#8221;<\/p>\n<p>Simon is still active in the consumer space \u2014now serving on the <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"NewsShowArticle-QuoteInBody-5\">Darden Restaurants<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> board and as <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"NewsShowArticle-QuoteInBody-6\">Hanesbrands<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> chairman. When it comes to Walmart, he sees the decision to raise guidance despite tariffs as a key reason for optimism.<\/p>\n<p>&#8220;As far as the tariffs go, there&#8217;s no tariff impact to that business,&#8221; Simon said. <\/p>\n<p>He suggested investors may have been hung up on Walmart&#8217;s first earnings miss in more than three years \u2014 which was mostly driven by one-off expenses including restructuring costs and insurance claims.<\/p>\n<p>&#8220;It&#8217;s a big number, but it&#8217;s a one-time adjustment,&#8221; said Simon. &#8220;It&#8217;s not a&#8230; systemic issue.&#8221;<\/p>\n<p>Simon hasn&#8217;t always been bullish on Walmart&#8217;s business. In May 2024, he told &#8220;Fast Money&#8221; that high-income shoppers were creating a &#8220;bubble&#8221; at Walmart. His concern: They would return to premium retailers once inflation started to abate.<\/p>\n<p>But that hasn&#8217;t happened. Simon now contends the pull of cheaper prices and convenience of having groceries and general merchandise in one place as magnetic.<\/p>\n<p>&#8220;If they [Walmart] can keep those toplines going, and that&#8217;s their forecast, they&#8217;re going to be just a bear of a company,&#8221; Simon said.<\/p>\n<p>Walmart shares are up 8% so far this year. However, they&#8217;re about 7% below the record high hit on Feb. 14.<\/p>\n<div class=\"ArticleBody-blockquote\">\n<p>Sign up for the Spotlight newsletter, a hand-curated collection of video clips selected by CNBC&#8217;s top editors and producers. Your daily recap of top business highlights and leading stories.<\/p>\n<\/div>\n<p>Disclaimer<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Walmart&#8216;s former U.S. CEO Bill Simon thinks Thursday&#8217;s stock drop is bizarre. The big-box retailer lifted its full-year sales and earnings forecast, but the stock still slid 4.5%. Walmart ended Thursday as the Dow&#8217;s biggest loser. &#8220;It was about as good of a quarter as any retailer could have in any environment,&#8221; he said on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[746,806,1231,1232,272],"class_list":["post-1411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan","tag-bill","tag-ceo","tag-fmr","tag-simon","tag-u-s"],"_links":{"self":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/1411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/comments?post=1411"}],"version-history":[{"count":0,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/1411\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media\/1412"}],"wp:attachment":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media?parent=1411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/categories?post=1411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/tags?post=1411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}