Walmart Inc. - WMT STOCK NEWS

Walmart plans to construct four high-tech fulfillment centers, including a 1.5 million square-foot facility in Greencastle, Pennsylvania, set to open in 2024. This center will create over 1,000 jobs and enhance Walmart's delivery capabilities, offering next- or two-day shipping on more items for customers and Walmart+ members in Pennsylvania, Maryland, Delaware, and New Jersey. The facility will feature automated technology to double order fulfillment capacity, highlighting Walmart's commitment to modernizing its supply chain and meeting growing online demand.

Walmart announced plans to build a 1.1 million square-foot high-tech fulfillment center in Joliet, Illinois, set to open in summer 2022. This facility aims to enhance shipping capabilities for Walmart+ members, providing next- or two-day delivery across Illinois, Indiana, and Wisconsin. The project will create over 1,000 jobs and leverage state-of-the-art automation technology, doubling storage capacity and order fulfillment efficiency. Walmart continues to modernize its supply chain to support growth in its digital business, ensuring better service for its customers.

Walmart Inc. (NYSE: WMT) held its Annual Shareholders’ Meeting virtually with approximately 88.9% of outstanding shares represented. CEO Doug McMillon reported a 9% sales growth and an 18% increase in operating profit, generating $24 billion in operating cash flow. Walmart returned $16 billion to shareholders via dividends and share repurchases, alongside a $13 billion capital investment. Shareholders overwhelmingly approved all 11 director nominees and the appointment of Ernst & Young LLP as independent accountants. A significant majority also supported the executive compensation proposal.

Walmart Inc. (NYSE: WMT) will hold its Associate Celebration on June 3, 2022, followed by a Q&A session with the investment community at 12:30 p.m. CDT. The session will be led by President and CEO Doug McMillon and will be available via live webcast. A transcript will also be provided post-event. Walmart serves approximately 230 million customers weekly across over 10,500 stores, reporting a FY 2022 revenue of $573 billion.

Walmart (NYSE: WMT) announced that Judith McKenna, president and CEO of Walmart International, will participate in the Baird 2022 Global Consumer, Technology & Services Conference on June 7, 2022, at 10:15 a.m. EDT. The session will be webcast live, and a transcript will be available afterward on Walmart's website.

Walmart serves approximately 230 million customers weekly across over 10,500 stores globally, recording fiscal year 2022 revenue of $573 billion.

Symbotic LLC and Walmart have expanded their partnership to implement Symbotic's AI-powered robotic and software automation platform across all 42 regional distribution centers. This advancement builds on Walmart's prior commitment to deploy Symbotic in 25 centers. The technology aims to enhance supply chain speed, efficacy, and safety, improving inventory accuracy and expediting store deliveries. The transition process is slated to take over eight years, reinforcing Walmart's commitment to modernization and efficient logistics.

Walmart Health has officially integrated MeMD, now rebranded as Walmart Health Virtual Care, completing its acquisition process initiated in May 2021. This transition aims to provide enhanced telehealth services, including urgent and primary care, to patients nationwide. Walmart Health Virtual Care is expected to expand its services across various locations, starting with Florida. With over 30,000 partnerships covering 5 million members, Walmart Health Virtual Care is set to innovate the telehealth landscape further, promising affordable and accessible healthcare solutions.

Walmart has announced Walmart+ Weekend, an exclusive online savings event from June 2-5, aiming to provide significant discounts for Walmart+ members. This event begins at 12 p.m. PT on June 2 and concludes at 4 p.m. PT on June 5, featuring discounts on top brands and sought-after items. Members can save on electronics, apparel, home goods, and more, with deals like $50 off a Gateway Laptop and $200 off a Shark Robot Vacuum. New members will receive a $20 promo code for their next purchase.

Walmart Inc. (NYSE: WMT) reported a Q1 FY23 GAAP EPS of $0.74 and an adjusted EPS of $1.30. Total revenue reached $141.6 billion, reflecting a 2.4% growth despite $5.0 billion in losses from divestitures. Walmart U.S. comp sales grew 3.0%, while Sam’s Club comp sales rose by 10.2%. Operational challenges included a consolidated gross profit rate decline of 87 basis points and a 23% drop in consolidated operating income to $5.3 billion. The outlook for Q2 and the full year has been updated.