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.
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.
Walmart has announced the launch of nationwide Same-Day Pharmacy Delivery, integrating prescription medications and general merchandise into a single online order for delivery. The service is currently available in six states and is expected to reach 49 states by the end of January 2025. This offering meets customer demand for a streamlined, digital-first experience and utilizes Walmart's extensive store footprint of nearly 4,600 locations with pharmacies.
The service aims to provide convenience to customers, particularly families, seniors, and those managing chronic conditions. Walmart's proximity to customers enables delivery to over 86% of households. Customers can manage their entire shopping experience through the Walmart app and website, with prescriptions and other items fulfilled by the nearest store.
Walmart+ members will receive free delivery on Pharmacy Delivery, while non-members will pay a standard delivery charge of $9.95. The company emphasizes safety measures, including HIPAA-compliant transport and tamper-evident packaging.
Walmart has launched its holiday meal offering, providing significant savings on Thanksgiving favorites from Oct. 14 through Dec. 25. The inflation-free Thanksgiving meal is available at a lower price than last year, serving eight people for less than $7 per person. Customers can shop in-store or online at Walmart.com/thanksgiving.
The meal includes 29 items, featuring a turkey at $0.88/lb and various trimmings and desserts. Walmart is also introducing options to gift meals to loved ones nationwide and donate meals to local Salvation Army units. Customers can round up purchases on Walmart.com to benefit the Salvation Army, continuing Walmart's long-standing support for the organization.
This initiative aims to help customers save on holiday meals without compromising quality, addressing concerns about food prices while spreading holiday cheer.
Walmart Business has announced a partnership with Fiserv to offer Clover, a leading business management platform, to its business and nonprofit customers. This collaboration aims to help organizations save time, money, and streamline operations. Clover provides integrated solutions for small and medium-sized businesses across various industries, offering features such as sales reporting and cash flow management.
The partnership aligns with Walmart Business's commitment to meeting the unique needs of organizational customers. To mark the launch, Walmart Business customers can benefit from a $500 rebate on select Clover devices and receive a $100 Walmart eGift Card when creating a new merchant services account.
FAQ
What is the current stock price of Walmart (WMT)?
What is the market cap of Walmart (WMT)?
What does Walmart Inc. do?
Where is Walmart headquartered?
How many stores does Walmart have globally?
What is Walmart’s annual revenue?
How many customers does Walmart serve each week?
What recent changes have been made to Walmart’s credit card partnerships?
What sustainability initiatives does Walmart support?
How many associates does Walmart employ worldwide?
Where can I find more information about Walmart?