Welcome to our dedicated page for Walmart news (Ticker: WMT), a resource for investors and traders seeking the latest updates and insights on Walmart stock.
Walmart Inc. (NYSE: WMT) is a leading American multinational retail corporation headquartered in Bentonville, Arkansas. Renowned for its chain of hypermarkets, discount department stores, and grocery stores, Walmart is the largest retailer in the United States. Since the opening of its first supercenter in 1988, Walmart has grown to operate over 4,600 stores nationwide and more than 10,000 stores globally.
Walmart's business strategy revolves around offering the lowest priced goods to consumers, driving robust store traffic and high product turnover. The company provides a convenient one-stop shopping experience, ensuring superior operating efficiency. In fiscal 2024, Walmart reported over $440 billion in domestic sales, with its subsidiary Sam's Club contributing an additional $86 billion. Internationally, Walmart generated $115 billion in sales. Serving approximately 240 million customers globally each week, Walmart employs around 2.1 million associates worldwide.
Walmart continues to emphasize sustainability, corporate philanthropy, and employment opportunities, making significant strides in these areas. The company leverages advanced technology to enhance its omnichannel retailing, allowing customers to shop in-store, online, and via mobile devices seamlessly.
Recent Achievements and Developments:
- Walmart Inc. and Capital One Financial Corporation recently ended their exclusive credit card issuing agreement. Despite this change, current cardholders can continue to earn and redeem rewards, with Capital One retaining ownership and servicing of the credit card accounts.
For more information, visit Walmart's official website at corporate.walmart.com, or follow their updates on social media platforms, including Facebook, Twitter, and LinkedIn.
Northern Trust (NTRS) has announced two significant appointments to its board of directors. Robert (Bob) Moritz, former global chairman of PricewaterhouseCoopers (PwC), will join effective March 1, 2025, while Richard (Rick) Petrino, a former American Express Company executive, joins immediately.
Moritz brings extensive experience from his tenure at PwC, where he served as global chairman, U.S. chairman and senior partner, and held various leadership roles in financial services and international operations. He currently serves on Walmart's board and is involved with the World Economic Forum's International Business Council.
Petrino's appointment leverages his nearly three-decade career at American Express, where he most recently served as COO of American Express National Bank. His experience includes roles as executive vice president, corporate controller, chief accounting officer, and head of global capital markets.
Walmart unveiled its New Home Office campus in Northwest Arkansas, a 350-acre sustainable workplace representing a multibillion-dollar investment. The campus features mass timber construction, smart building technology, and renewable energy integration, with a phased opening continuing throughout 2025.
Key facilities include Sam Walton Hall, a 200,000-square-foot auditorium, a Welcome Center, Helen's Amphitheatre, and '8th & Plate' food hall. The campus incorporates 12 office buildings designed for LEED Platinum certification, with 50% dedicated to green space including 750,000 native plants and 5,000 trees.
The development emphasizes associate wellness with the 360,000-square-foot Walton Family Whole Health & Fitness facility and Little Squiggles Children's Enrichment Center. Sustainable features include 13 acres of smart-enabled lake reservoirs, seven miles of pedestrian paths, 1,000 bike parking spots, and 300 EV charging stations. Street-front retail will open in Spring 2025, featuring local and national brands.
Walmart (WMT) has announced a comprehensive brand refresh to reflect its evolution as a people-led, tech-powered omnichannel retailer. The update includes a new wordmark inspired by Sam Walton's trucker hat, featuring a custom font and maintaining the iconic spark symbol with the traditional True Blue and Spark Yellow color palette.
The rebranding initiative began rolling out in October 2024 at Store 4108 in Springdale, Arkansas, with a complete implementation planned across all channels including website, app, stores, and the new Home Office in Bentonville opening in January 2025. The refresh aims to better represent Walmart's current offerings while maintaining its heritage of providing affordable prices and enhanced shopping experiences.
The updated brand identity is designed to build credibility, highlight digital-first services, and position Walmart as a modern, culturally dynamic brand. The company will continue implementing these changes throughout its assets during the year.
Walmart announces extended shipping deadlines and last-minute holiday deals running through December 24. Customers can order by December 23 (12:30 PM local) for Christmas delivery, with Express Delivery available until December 24 (4 PM local). Same-day pickup and delivery orders can be placed until December 24 (12 PM local).
The retailer highlights its enhanced fulfillment capabilities, with over 50% of fulfillment center volume now automated, double from last year. The 'Last Minute Gifts' event features significant discounts across various categories, including tech, toys, fashion, and home goods. New features include digital ambient rooms for shopping inspiration and convenient return options, including Walmart+ Returns from Home service.
Walmart has completed its acquisition of VIZIO and its SmartCast Operating System for $11.50 per share, totaling approximately $2.3 billion. VIZIO's platform has over 19 million active accounts, growing 400% since 2018. The acquisition aims to enhance customer entertainment experiences and accelerate Walmart Connect's advertising business, which grew 26% in Q3. VIZIO's Platform+ segment, primarily advertising, generates all company gross profit. William Wang will continue as VIZIO's CEO, reporting to Seth Dallaire. The transaction is expected to be slightly dilutive to Earnings Per Share in Q4 FY2025 and FY2026.
Walmart (NYSE: WMT) has announced its leadership team's participation in several upcoming investor events from December 2023 to January 2024. The most notable event features CEO Doug McMillon's keynote fireside chat at the Morgan Stanley Global Consumer & Retail Conference on December 3 at 11:45 a.m. CT, which will be webcast live.
Other significant events include the UBS Global Technology and AI Conference, Melius Research Conference, Gordon Haskett Consumer & Retail Virtual Holiday Summit, ICR Conference, and Evercore ISI Retail & Consumer Summit. Various executives, including Seth Dallaire, Julie Barber, and Steph Wissink, will participate in meetings and presentations across these events.
Walmart reported strong Q3 FY25 results with consolidated revenue reaching $169.6 billion, up 5.5%. The company demonstrated robust performance with operating income increasing 8.2% to $0.5 billion. Notable highlights include 27% growth in global eCommerce sales, driven by store-fulfilled pickup & delivery and marketplace operations. The company's global advertising business grew 28%, with Walmart Connect in the U.S. up 26%. The consolidated gross margin rate improved by 21 basis points, led by Walmart U.S. Global inventory decreased by 1.0%, maintaining healthy in-stock levels. The company reported GAAP EPS of $0.57 and Adjusted EPS of $0.58.
Walmart announces its 'Black Friday Deals' and Cyber Monday events, running from November 25 through December 2. Walmart+ members get early access to online deals starting November 25 at 12 p.m. ET, before opening to all customers at 5 p.m. ET. In-store deals begin November 29 at 6 a.m. local time.
Notable deals include a TCL 65-inch 4K TV for $228 (save $301), Dyson V11 vacuum for $349.99 (save $250), and Sony 75-inch BRAVIA TV for $898 (save $600). The retailer is offering enhanced shopping features including personalized search, scheduled delivery for oversized items, and extended delivery hours.
Walmart (NYSE: WMT) has scheduled its third quarter fiscal 2025 earnings conference call for November 19th, 2024, at 7 a.m. CST. The call will be hosted by CEO Doug McMillon and CFO John David Rainey, who will discuss results and take questions. Earnings results will be released at 6 a.m. CST on the same day. The event will be accessible via webcast at corporate.walmart.com/news/events and will be archived for later viewing.
Walmart announces its multi-event Black Friday and Cyber Monday deals starting November 11, featuring three major shopping events through December 1. The retailer is offering 50% off annual Walmart+ memberships at $49 through December 2, with members getting extended Early Access windows to deals.
New features include surprise deal drops, a GenAI shopping assistant, and personalized shopping experiences. Key deals include a 65-inch Samsung TV for $398, iPhone 13 for $199, and Dyson V12 vacuum for $399.99. The company is also launching 'Deals of Desire,' a 10-chapter entertainment series promoting the shopping events.
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