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.
Gap and Walmart have formed a strategic partnership to launch Gap Home, a new brand of home essentials, exclusively at Walmart. Starting June 24, customers will find over 400 items ranging from home décor to bedding, with prices from $15.88 to $64.98. This collaboration combines Walmart's extensive reach with Gap's brand heritage. Gap Home emphasizes sustainability through items made with organic cotton and recycled materials. Executives from both companies express excitement over this growth opportunity and the potential to expand Gap's lifestyle brand.
Walmart and AT&T partner to provide affordable internet access for customers impacted by COVID-19. Through the Emergency Broadband Benefit Program, eligible customers can access select AT&T PREPAID and Cricket Wireless plans at little to no cost. Benefits include up to $50/month for eligible households, or $75 on Tribal lands. Walmart offers this initiative in over 2,300 stores and online. Plans include options for data-only and smartphone services, with significant savings. Both companies aim to address the digital divide exacerbated by the pandemic.
Walmart Inc. (NYSE: WMT) reported a total revenue of $138.3 billion for Q1, marking a 2.7% increase. Revenue faced a $4.2 billion decline from recent divestitures. Walmart U.S. comp sales rose 6.0%, with eCommerce sales up 37%. Operating income surged 32.3% to $6.9 billion. However, Walmart International saw a 8.3% decrease in net sales to $27.3 billion, heavily impacted by divestitures. Adjusted EPS reflects losses from equity investments and divestitures.
Walmart Inc. (NYSE: WMT) will hold a conference call at 7 a.m. CDT on May 18, 2021, to discuss its first quarter earnings results for fiscal year 2022. Doug McMillon, CEO, and Brett Biggs, CFO, will lead the discussion. The earnings results will be available at 6 a.m. CDT the same day. Walmart reported fiscal year 2021 revenue of $559 billion and serves about 220 million customers weekly across 10,500 stores in 24 countries. The event will also be accessible via webcast, with an archive available afterward.
Walmart Health has announced an agreement to acquire MeMD, a telehealth provider, enhancing its commitment to integrated health delivery. This acquisition will enable Walmart Health to offer virtual care nationwide across urgent, behavioral, and primary care sectors, complementing its in-person services. The deal is expected to lower overall healthcare costs and improve health equity. The acquisition is pending regulatory approval and aims to accelerate healthcare access.
Walmart and Sam's Club have achieved a significant milestone in their COVID-19 vaccination efforts, making immunizations available at over 5,100 pharmacy locations across 49 states, Puerto Rico, and Washington, D.C. Both walk-up and pre-scheduled appointments are now offered, enhancing convenience for customers. In addition, Walmart is launching a 'Get Out The Vaccine' campaign to combat vaccine hesitancy, providing educational resources and mobile clinics. The initiative aims to reach underserved communities and promote vaccination as critical to reopening and ending the pandemic.
Walmart aims to become a regenerative company powered by 100% renewable energy by 2035, partnering with ENGIE North America to operationalize over 500 MW of renewable energy across Texas, South Dakota, and Oklahoma. This initiative is expected to power over 240,000 homes and reduce greenhouse gas emissions by 1.3 million metric tons annually. Walmart, recognized for its renewable energy procurement, has also increased its solar energy use significantly. The company supports local economies through job creation and aims to engage suppliers in sustainability efforts via the Project Gigaton initiative.
Walmart (NYSE: WMT) released its 2021 Annual Report and Proxy Statement ahead of the virtual Annual Shareholders' Meeting on June 2, 2021. The report highlights Walmart's resilience during the pandemic, noting a fiscal year 2021 revenue of $559 billion and significant investments in associates, including $1.6 billion in bonuses. The company aims to enhance its digital experience and diversity in the workforce while tackling societal challenges. Shareholders can vote on 12 director nominees and several proposals during the meeting, which will be fully virtual due to COVID-19.
Walmart has announced the addition of the BinaxNOW COVID-19 Antigen Self Test to their product offerings, available for $19.88. This test kit includes two tests and provides results in just 15 minutes. Currently, Walmart administers COVID-19 vaccines at over 5,100 locations and operates more than 500 testing sites nationwide. These efforts are part of Walmart's commitment to improving community health during the pandemic. The BinaxNOW test is authorized by the FDA under emergency use but has not been fully cleared.
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