Walmart - WMT STOCK NEWS

Walmart has launched its drone delivery service in Arizona, specifically in the Phoenix market, allowing select customers to receive deliveries from 4 stores within 30 minutes. This service includes over 10,000 eligible items and comes with a delivery fee of $3.99. Orders can be placed online, and new customers can use a promo code for free delivery. Walmart aims to expand this service to additional states by the end of the year, targeting four million additional U.S. households.

Walmart has launched a drone delivery service for select customers in the Dallas area, Texas, allowing deliveries from 11 participating stores. This service enables rapid delivery of over 10,000 items, including fragile goods, in under 30 minutes for a fee of just $3.99. Customers can waive this fee using a promotional code. This expansion is part of Walmart's plan to reach four million households across six states by the end of the year, showcasing the company's commitment to innovation and customer convenience.

Walmart has launched a drone delivery service in Florida, allowing select customers in Tampa and Orlando to receive deliveries from 7 stores. This initiative follows Walmart's goal to extend drone delivery to four million households across 6 states. Customers can order items up to 10 pounds for a delivery fee of $3.99, waived for first-time users with a promo code. Walmart aims to enhance convenience by enabling quick access to last-minute purchases and has successfully completed thousands of drone deliveries so far.

Walmart has launched a new giving campaign through its Spark Good initiative to support local nonprofits, with a total of $5 million available this holiday season. From November 25 to December 25, customers can round up their purchases to donate to charities, with Walmart matching contributions up to $1 million. Additionally, 3,000 nonprofits can receive $1,000 grants based on specific donation criteria, totaling up to $3 million. This initiative aims to amplify community giving and improve local engagement.

Walmart has announced a $600,000 grant to the Boys & Girls Clubs of America aimed at improving child nutrition and food access for Clubs on Native Lands. This funding is part of Walmart's initiative to enhance food access in underserved areas. The grant was revealed during the 'Improving Health in Rural America' event in Washington, D.C., where Walmart collaborated with healthcare experts to discuss health outcomes in rural regions. The Boys & Girls Clubs highlighted the program's role in promoting healthy food access and education among youth.

The Sam's Club Auto Buying Program, powered by TrueCar, is running a holiday promotion from November 21 to December 30, 2022, offering members e-Gift Cards of up to $1,000 for purchasing eligible vehicles from certified dealers. The program facilitates car buying with features like pricing comparisons and personalized dealer offers. Eligible models include select 2022 and 2023 vehicles from brands like BMW, Audi, and Lexus. TrueCar aims to enhance transparency and savings for Sam's Club members.

Walmart Inc. (NYSE: WMT) has announced that CEO Doug McMillon will speak at the Morgan Stanley Global Consumer & Retail Conference on Dec. 7 at 12:00 p.m. EST. The session will be available for live streaming on the company’s website. Following the event, a transcript will be provided online. Walmart, a leader in retail, recorded a fiscal year 2022 revenue of $573 billion and employs approximately 2.3 million associates globally. The company serves around 230 million customers weekly across over 10,500 stores worldwide.

Walmart has agreed to a $3.1 billion nationwide opioid settlement framework to address lawsuits from state, local, and tribal governments, pending the satisfaction of all conditions. The settlement aims to expedite aid to communities facing the opioid crisis, marking it as the fastest resolution to date. While Walmart disputes the allegations without admitting liability, it remains committed to opioid stewardship and will continue its defense against unresolved lawsuits.

Walmart Inc. reported strong third-quarter results with total revenue of $152.8 billion, an increase of 8.7%, and 9.8% in constant currency. Comp sales at Walmart U.S. grew by 8.2%, with eCommerce up 16%. Sam's Club comp sales rose 10% and membership income increased 8%. International sales reached $25.3 billion. Walmart’s global advertising growth exceeded 30%. However, gross profit rate declined by 89 basis points, and operating income fell by 53.5% due to opioid-related legal charges. Walmart announced a new $20 billion share repurchase authorization.