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 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.
Walmart (NYSE: WMT) has announced an investment in 74 Solar Landscape community solar projects in Maryland and Illinois. The 43 megawatts of commercial rooftop projects are expected to be operational in 2024 and 2025, providing enough power for over 3,600 homes. Approximately half of the portfolio is designed to reduce energy costs for low- and moderate-income households, with an estimated $1 million annual savings for subscribers.
The projects aim to enhance grid infrastructure in densely populated areas, reduce the need for additional transmission, and accelerate clean energy development. Solar Landscape estimates the construction will create about 170 full-time equivalent jobs. Once complete, the portfolio is expected to help avoid emissions of nearly 40,000 tons of carbon dioxide annually.
Walmart has announced significant expansions to its pet care offerings, aiming to provide affordable and convenient solutions for pet owners. The company is opening new Walmart Pet Services centers in Georgia and Arizona, building on the success of its Dallas, Georgia pilot. These centers will offer routine veterinary care and grooming services at transparent, low prices.
Additionally, Walmart is launching a new Walmart+ benefit in partnership with Pawp, providing members with free, 24/7 access to online veterinary professionals. The company has also expanded its Pet Pharmacy services, offering nationwide prescription delivery. These initiatives align with Walmart's commitment to offering a wide range of pet products and services at Every Day Low Prices, addressing the growing pet care market and helping customers manage pet-related expenses amidst inflation.
Walmart, Sam's Club, and the Walmart Foundation have increased their commitment to $10 million for Hurricane Helene relief efforts across impacted communities in Georgia, Florida, North and South Carolina, and Tennessee. The company is providing essential resources such as charging stations, food, water, showers, and laundry in store and club parking lots.
Walmart has joined forces with Dolly Parton, who announced a $1 million donation to the Mountain Ways Foundation for flood victims. Dolly's East Tennessee businesses and The Dollywood Foundation have pledged to match her donation. The Walmart Foundation is also making a grant to the East Tennessee Foundation.
A nationwide customer campaign was launched, matching customer and member donations to the American Red Cross 1:1, up to $2.5 million. The match was met by October 3, but fundraising will continue through October 13.
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