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.
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Bamboo Rose (BMBR) partners with retail giant Walmart to develop a cutting-edge enterprise sourcing platform (ESP), aiming to revolutionize the company's business operations. The ESP will enhance collaboration between Walmart's global teams, buyers, and suppliers, leading to more informed purchasing decisions, improved access to goods in different markets, and potentially reducing waste in categories like perishable goods. The implementation of the ESP solution is expected to streamline the supply chain, eliminate waste, and open doors for products to be sold in connected markets, impacting all markets and business units in Walmart and Sam's Club.
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Walmart (WMT) Hosts Keynote Speech by EMMY Winning Journalist Gaby Natale at Global Headquarters
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Walmart Inc. (NYSE: WMT) reported third-quarter highlights, including a 5.2% increase in consolidated revenue to $160.8 billion, a 32bps rise in consolidated gross margin rate, a 182bps decrease in consolidated operating expenses as a percentage of net sales, and a 130.1% increase in consolidated operating income. The company's adjusted EPS was $1.53, and it will hold a live conference call on November 16, 2023, to discuss the earnings results.
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Walmart Inc. (NYSE: WMT) to host live conference call to discuss third quarter earnings results for fiscal year 2024 on November 16, 2023. Doug McMillon, CEO, and John David Rainey, CFO, will lead the event, accessible via webcast on corporate.walmart.com/news/events.
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Walmart Health is partnering with Ambetter from Sunshine Health and Orlando Health to provide increased access to affordable healthcare options in Florida. Walmart Health Centers will serve as preferred providers for Ambetter Health members in several counties. The collaboration aims to enhance patient engagement through care coordination and referral management. This expands the existing relationship between Walmart Health and Ambetter Health, with a focus on Medicaid redetermination efforts and Marketplace health insurance.
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Walmart announces two Black Friday events starting November 8 and November 22, with enhanced online shopping experience and exclusive early access for Walmart+ members. Cyber Monday event also planned. Customers can expect great deals on popular gifts from top brands. Walmart+ members get three-hour head start on deals. Membership offered at half price for a limited time. Walmart introduces new shopping enhancements for Black Friday, including personalized deal lists and holiday wish lists.
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Walmart announces two Black Friday events starting on November 8 and November 22, with enhanced online shopping experience and exclusive early access for Walmart+ members. The events will offer customers incredible savings on popular gifts, including deals on Apple, Samsung, LEGO, and Dyson products. Walmart+ members will have three hours of early access to all Black Friday and Cyber Monday deals. Walmart is also introducing new enhancements to its omnichannel shopping experience, such as 'hearting' favorite deals and creating personalized lists.
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Sur La Table, a specialty retailer of cookware and kitchen electrics, is partnering with Walmart GoLocal to offer same-day delivery nationwide. Customers within 20 miles of a Sur La Table store can have items delivered the same day if ordered by 2:30 p.m. local time. The partnership aims to provide convenience and speed to customers, allowing them to fully equip their kitchens with durable, elegant cookware.
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Walmart is celebrating the 'Second Best Day' with the largest single-day re-grand opening effort in company history. 117 stores across 30 states will undergo renovations, representing over half a billion dollars in capital investments. The upgrades aim to provide customers with a seamless, high-quality shopping experience, including improved layouts, expanded product selections, and innovative technology. Walmart is investing over $9 billion to upgrade and modernize more than 1,400 stores across the U.S.
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RevolutionParts, an e-commerce platform for automotive parts buyers and sellers, has partnered with Walmart GoLocal to offer expanded same-day delivery. This collaboration is part of RevolutionParts' RP Shipping suite, providing more flexibility for parts buyers and sellers. Same-day delivery can be selected at checkout, along with other offerings like discounted rates and shipping protection. The partnership aims to enhance the e-commerce and shipping experience for automotive parts retailers and bring added convenience to customers nationwide.
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FAQ
What is the current stock price of Walmart (WMT)?
The current stock price of Walmart (WMT) is $90.35 as of December 23, 2024.
What is the market cap of Walmart (WMT)?
The market cap of Walmart (WMT) is approximately 741.0B.
What does Walmart Inc. do?
Walmart Inc. operates a chain of hypermarkets, discount department stores, and grocery stores. It is the largest retailer in the United States.
Where is Walmart headquartered?
Walmart is headquartered in Bentonville, Arkansas, USA.
How many stores does Walmart have globally?
Walmart operates over 10,000 stores globally.
What is Walmart’s annual revenue?
In fiscal 2024, Walmart reported revenue of $648 billion, including domestic and international sales.
How many customers does Walmart serve each week?
Walmart serves approximately 240 million customers globally each week.
What recent changes have been made to Walmart’s credit card partnerships?
Walmart and Capital One Financial Corporation ended their exclusive credit card issuing agreement, but cardholders can still earn and redeem rewards.
What sustainability initiatives does Walmart support?
Walmart is a leader in sustainability efforts, focusing on corporate philanthropy and providing employment opportunities.
How many associates does Walmart employ worldwide?
Walmart employs approximately 2.1 million associates worldwide.
Where can I find more information about Walmart?
More information is available on Walmart's official website at corporate.walmart.com and their social media pages.
What is Walmart's strategy for maintaining its market position?
Walmart’s strategy includes offering the lowest priced goods, superior operating efficiency, and providing a one-stop shopping experience.
Walmart Inc.
NYSE:WMT
WMT Rankings
WMT Stock Data
741.00B
4.31B
46.38%
35.56%
0.39%
Discount Stores
Retail-variety Stores
United States of America
BENTONVILLE