Walmart Stock Price, News & Analysis

Walmart has announced the establishment of its first fulfillment center in Salt Lake City, Utah, spanning over 1,000,000 square feet. This facility aims to enhance Walmart's growing eCommerce operations and is set to open in Summer 2022, creating approximately 450 new full-time jobs. The center will facilitate faster shipping for online orders from Walmart.com, with eCommerce sales having increased by 8% in Q3 FY22 and 87% over the past two years. Walmart operates multiple distribution centers and retail stores in Utah, supporting local employment and economic growth.

Walmart announced the opening of a new 925,000 square-foot automated fulfillment center in Lebanon, Tennessee, set to open in Fall 2022. This facility aims to enhance Walmart's eCommerce operations and create up to 300 permanent jobs. Featuring a blend of AI technology and automated robotics, the center is designed to expedite order processing and improve customer experience. Walmart currently operates several facilities in Tennessee and emphasizes its commitment to community engagement.

Walmart has reaffirmed its commitment to combat HIV/AIDS through education, testing, and partnerships, contributing to the U.S. goal of ending the AIDS pandemic by 2030. The company launched specialized pharmacy services tailored to HIV/AIDS care, enhancing access to treatment for underserved communities. On December 1, Walmart will host free HIV testing events in Atlanta, aiming to improve local health equity. Additionally, proceeds from the Elton John Eyewear collection will support HIV education, with a promise of at least $1 million annually for the Elton John AIDS Foundation.

Sam's Club, in partnership with Laugh Out Loud and Kevin Hart, has launched a charity initiative, raising over $500,000 to support five organizations focused on improving children's lives. Each organization, including the Special Needs Network and Boys & Girls Club, received $100,000, supplemented with gifts for families. This initiative is part of Sam's Club's holiday campaign aimed at making a significant impact in local communities. The collaboration highlights a shared commitment to community service and social responsibility.

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.