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Walmart Inc. - WMT STOCK NEWS

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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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.

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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.

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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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Walmart and Dolly Parton are set to host a press conference on Friday, October 4, 2024 at 2:45 p.m. EDT to announce commitments for Hurricane Helene relief efforts. The event will feature Dolly Parton and John Furner, CEO of Walmart U.S.

The press conference will be accessible via a live stream on YouTube and satellite broadcast. Detailed technical specifications for the satellite transmission are provided, including bandwidth, modulation, and video format information.

Media contacts for further inquiries are listed for Walmart, Dolly Parton, and Dollywood, ensuring comprehensive coverage of this significant announcement regarding disaster relief initiatives.

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Walmart has expanded its Cancer Centers of Excellence (COE) program, a collaboration with Mayo Clinic, to cover virtually all cancers for eligible associates and dependents. This expansion builds on the company's commitment to employee health and well-being. The program provides access to top cancer specialists at Mayo Clinic at no cost to the associate, including expenses for travel, lodging, and food for the patient and a caregiver.

The process begins with a review of the patient's medical records by Mayo Clinic experts. If they can offer new or different treatment options, they recommend the patient travel to Mayo Clinic for care. This benefit aims to bridge gaps in cancer care and provide Walmart associates with access to specialized medical expertise during a challenging time.

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Walmart is launching its holiday shopping season earlier than ever, starting with its first Holiday Deals event from October 8-13. Customers can expect significant savings on a variety of products, including electronics, home goods, and fashion.

Exclusive early access will be available for Walmart+ members beginning October 8 at 12 a.m. ET on Walmart.com and the app, with general access starting at 12 p.m. ET. Walmart is also offering an inflation-free Thanksgiving meal priced lower than last year, available from October 14.

Additionally, Walmart is expanding its delivery services to an additional 12 million households, enhancing speed and convenience for customers. New features include a one-click 'buy one, give one' donation option for holiday meals and collaboration with The Salvation Army for charitable donations.

With the aim to provide consistently low prices and a convenient shopping experience, Walmart is well-prepared to meet evolving customer needs this holiday season.

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Sam's Club has unveiled a reimagined approach to workforce compensation, focusing on providing more predictable financial futures for hourly associates. The new plan accelerates pay for nearly 100,000 frontline associates, with hourly wages progressing faster based on years of service. Associate pay increases will expand to between 3% and 6% based on tenure.

The average hourly rate for Sam's Club associates is anticipated to be above $19, with potential annual bonuses. Over the last five years, Sam's Club's average hourly wage has increased nearly 30%. The company has made over a dozen unique wage investments since 2019, benefiting both hourly and salaried associates.

Sam's Club has also focused on career growth, implementing block schedules, increasing full-time associates by 11%, introducing new technology, and simplifying roles. The new pay plan will take effect on November 2, 2024.

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Walmart has introduced Caroline's Carts in all its Louisiana stores as part of a nationwide initiative to enhance accessibility for customers with disabilities. These specially designed carts help caregivers of children and adults with disabilities navigate stores more easily. The retailer plans to equip all Supercenters with two Caroline's Carts and all Neighborhood Markets with at least one, totaling about 8,000 carts nationwide by early 2025.

This multimillion-dollar investment is part of Walmart's larger commitment to inclusivity. The carts can hold 35-250 pounds and are designed for a wide array of people, including those with disabilities, children, seniors, and people with mobility or injuries. This initiative follows the successful introduction of sensory-friendly hours in all Walmart stores across the U.S. and Puerto Rico, which have been extended year-round due to positive customer response.

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Walmart has introduced Caroline's Carts in all its Alabama stores, part of a nationwide initiative to enhance inclusivity and accessibility. These specially designed carts help caregivers of children and adults with disabilities navigate stores more easily. The carts can hold 35-250 pounds and will be available in all Walmart Supercenters and Neighborhood Markets by early 2025.

This initiative follows the successful implementation of sensory-friendly hours across all U.S. and Puerto Rico stores, which provide a calmer shopping environment daily from 8am to 10am. Walmart's multimillion-dollar investment in Caroline's Carts demonstrates its commitment to creating an inclusive shopping experience for all customers.

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Walmart has introduced Caroline's Carts in all its Texas stores, enhancing accessibility for customers with disabilities. This multimillion-dollar investment is part of Walmart's commitment to inclusivity. The carts, designed for caregivers of children and adults with disabilities, can hold 35-250 pounds.

Walmart plans to equip all Supercenters with two Caroline's Carts and all Neighborhood Markets with at least one, totaling about 8,000 carts nationwide by early 2025. This order is larger than all previous Caroline's Cart orders combined since 2012.

The initiative follows Walmart's successful introduction of sensory-friendly hours from 8am - 10am daily, which have been extended year-round due to positive customer response.

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FAQ

What is the current stock price of Walmart (WMT)?

The current stock price of Walmart (WMT) is $92.24 as of December 20, 2024.

What is the market cap of Walmart (WMT)?

The market cap of Walmart (WMT) is approximately 738.0B.

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

738.03B
4.31B
46.38%
35.56%
0.39%
Discount Stores
Retail-variety Stores
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United States of America
BENTONVILLE