Walmart - WMT STOCK NEWS

Walmart Inc. announced that Chief Financial Officer Brett Biggs will transition from the company on Jan. 31, 2023, after 22 years. Biggs will remain as CFO until a successor is named and will help with the transition, also continuing to represent Walmart in its FinTech joint venture. Since becoming CFO in Dec. 31, 2015, he has greatly contributed to the company’s progress in its omni-channel strategy. The company will explore both internal and external candidates for his replacement.

Walmart (NYSE: WMT) announced that CFO Brett Biggs will participate in two key investor conferences: the Stephens Investment Conference on December 1 at 1 p.m. EST and the Morgan Stanley Virtual Global Consumer & Retail Conference on December 2 at 11 a.m. EST. Both sessions will be available via live webcast at www.stock.walmart.com, with transcripts accessible post-event on the company’s website. Walmart continues to serve approximately 220 million customers weekly, with 2021 revenue reported at $559 billion.

Walmart Inc. (NYSE: WMT) reported Q3 FY22 GAAP EPS of $1.11 and Adjusted EPS of $1.45. The company raised its EPS guidance for the third consecutive quarter and anticipates Q4 comp sales around 5%. Notably, total revenue reached $140.5 billion, up 4.3%, despite a $9.4 billion negative impact from divestitures. E-commerce sales increased by 8%, while Sam’s Club comp sales rose by 13.9%. However, the consolidated gross profit rate decreased.

Walmart plans to enhance its supply chain by constructing two high-tech facilities in Lancaster, TX. These include a 1,500,000 square-foot automated fulfillment center set to open in 2023 and a 730,000 square-foot automated grocery distribution center scheduled for 2024, creating approximately 1,000 jobs, 40% of which will require STEM skills. The facilities aim to improve the efficiency and speed of order fulfillment. This investment reflects Walmart’s commitment to technology and local talent while significantly impacting the evolving retail landscape.

Walmart Inc. (NYSE: WMT) will hold a live conference call at 7 a.m. CST on November 16, 2021, to discuss its third quarter earnings for fiscal year 2022. CEO Doug McMillon and CFO Brett Biggs will present the results and answer questions. The earnings release and related materials will be available at 6 a.m. CST on the same day. Walmart continues to serve approximately 220 million customers weekly across 10,500 stores and clubs, demonstrating robust engagement in retail and e-commerce.

Gatik has achieved a historic milestone by operating its autonomous delivery trucks for Walmart in Bentonville, Arkansas, without a safety driver. This marks the first commercial deployment of fully driverless operations in the middle mile logistics sector globally. Gatik's trucks complete multiple delivery runs daily, enhancing speed and safety for Walmart's customers. The project, initiated in August 2021, demonstrates Gatik's commitment to efficiency and safety, backed by a 100% safety record across North America since 2019.

Walmart announces the availability of the Pfizer COVID-19 vaccine for children aged 5 to 11 following FDA and CDC authorization. Starting this week, the vaccine will be administered at over 5,100 Walmart and Sam's Club pharmacies nationwide. This approval follows a thorough review of safety and efficacy data, with the vaccine being one-third the adult dosage. Parents can schedule appointments online, and the vaccination process involves two doses three weeks apart. Common side effects are mild to moderate, and the initiative aims to bolster community health amidst ongoing COVID-19 challenges.

Walmart and Sam's Club are launching the Elton John Eyewear collection, featuring stylish frames inspired by the musician's iconic career. The collection includes 60 unique frames priced between $95-$100, with proceeds supporting the Elton John AIDS Foundation, which will receive a minimum of $1 million annually. The line offers both prescription and non-prescription options and emphasizes confidence and self-expression.

RevolutionParts has entered an exclusive agreement with Walmart to sell OEM automotive parts on the Walmart Marketplace. This partnership will provide immediate access to hundreds of thousands of parts, tapping into the booming OEM parts eCommerce market, which grew by 30% last year. Walmart's commitment to enhancing customer experience is reinforced with dedicated pages for OEM parts, ensuring ease of search based on vehicle specifications. With Walmart's eCommerce business doubling over the past two years, this collaboration aims to enhance the shopping experience for automotive customers.