Walmart Stock Price, News & Analysis

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.

Walmart Inc. (NYSE: WMT) is set to announce its first quarter earnings results for fiscal year 2023 during a live conference call scheduled for 7 a.m. CDT on May 17, 2022. The call, hosted by CEO Doug McMillon and CFO Brett Biggs, will provide insights into the company's financial performance and address questions from the investment community. Interested parties can access the call via Walmart's investor relations page. In fiscal year 2022, Walmart reported $573 billion in revenue, serving approximately 230 million customers weekly across 10,500 stores globally.

MoneyLion Inc. (NYSE:ML) has appointed Cynthia Kleinbaum as Chief Customer Officer to enhance customer acquisition and retention efforts. With over 20 years of marketing experience, Kleinbaum previously served at Walmart (NYSE:WMT), focusing on digital services. Her role aims to leverage MoneyLion's data and technology, driving personalized customer engagement. CEO Dee Choubey expressed optimism about her leadership in achieving the company's mission of providing financial access to hardworking Americans.