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.
The Walmart Foundation is granting Feeding America $12 million over two years to combat food insecurity affecting 1 in 6 Americans due to COVID-19. This funding aims to expand food assistance access through the Order Ahead app and enhance food distribution capacity among food banks. Since February, Walmart has donated 480 million pounds of food and over $55 million in grants to hunger-relief efforts. Additionally, local Walmart stores are actively partnering with non-profits to address the surge in hunger needs during the holiday season.
Walmart has announced over $700 million in additional cash bonuses for its U.S. associates, recognizing their contributions during the pandemic. This includes $319 million in quarterly bonuses paid on Nov. 25 and an estimated $388 million in a special cash bonus to be distributed on Dec. 24. Eligible associates, approximately 1.5 million, will receive $150 for part-time and $300 for full-time roles. This marks the fourth special bonus since the pandemic began, bringing total bonuses in 2020 to over $2.8 billion. Walmart is also extending its COVID-19 Emergency Leave policy through July 5, 2021.
Walmart announces the expansion of Walmart+ benefits starting December 4, removing the $35 shipping minimum for members on Walmart.com orders. This enhancement aims to bolster Walmart+'s appeal during the holiday season, making it a more attractive membership program. Members will also continue to enjoy free next-day and two-day shipping on all Walmart items. Additionally, the retailer is increasing fuel discount locations, now including over 2,000 Walmart fuel stations and Sam’s Club locations. Walmart+ membership costs $98 annually or $12.95 monthly, with a 15-day free trial.
Walmart has appointed Dr. Cheryl Pegus as Executive Vice President, Health & Wellness, effective December 21. She will lead the company's healthcare initiatives, reporting to CEO John Furner. Dr. Pegus comes from Cambia Health Solutions and has extensive experience in clinical strategy and health equity. Walmart's health & wellness division includes over 4,700 pharmacies and 3,400 Vision Centers, emphasizing affordable healthcare. The company's notable initiatives include free health screenings offered during quarterly wellness days and a $4 generic drug program, demonstrating a commitment to accessible care.
Walmart Inc. (NYSE: WMT) is set to participate in the Morgan Stanley Virtual Global Consumer & Retail Conference on December 2, 2020. Doug McMillon, the company's CEO, will lead a live webcast discussion starting at noon EST, available on Walmart's investor relations website. Post-event, a transcript will be archived online. Walmart serves over 265 million customers weekly across 11,400 stores worldwide and reported $524 billion in revenue for FY 2020. The company emphasizes sustainability and corporate responsibility in its operations.
Walmart is introducing the "Walmart Holiday Drone Light Show" to spread holiday cheer across select U.S. communities. The event features nearly 1,000 Intel drones creating visual displays set to classic holiday music. From December 4-20, the light show will visit eight cities, offering a free, contactless experience for families. Viewers can also enjoy a live stream on Walmart's social media channels. This initiative aims to provide families with a delightful festive experience after challenging times, according to Walmart's chief marketing officer, William White.
Walmart reported strong third-quarter results, with total revenue reaching $134.7 billion, up 5.2% year-over-year, aided by increased demand. Excluding currency impacts, revenue would have grown 6.1%. Walmart U.S. comp sales climbed 6.4%, driven by key categories like health & wellness and food, while eCommerce soared 79%. Operating income rose 22.5% to $5.8 billion, and cash flow increased by $8.3 billion to nearly $23 billion. However, unfavorable currency exchange rates affected international sales.
Walmart has launched Walmart Pet Care, a comprehensive pet care suite targeting the 90 million U.S. pet owners. This service includes Walmart Pet Insurance and offers dog-walking and pet-sitting via Rover. With 98% of pets uninsured, Walmart aims to provide accessible pet insurance, letting customers save up to 10% on policies that cover accident and illness. Pet owners booking services through Rover can earn Walmart gift cards. This initiative aligns with Walmart's commitment to enhancing customer convenience amidst rising pet adoption rates during the pandemic.
Walmart Inc. (NYSE: WMT) will hold a live conference call on November 17, 2020, at 7 a.m. CST to discuss its third quarter earnings results for fiscal year 2021. Hosted by CEO Doug McMillon and CFO Brett Biggs, the conference will address the results and field questions. The earnings release will be available at 6 a.m. CST the same day, with a webcast of the call accessible via Walmart's corporate website. Walmart generated $524 billion in revenue for fiscal year 2020, serving over 265 million customers weekly across 11,500 stores globally.
ISOPURE has expanded its protein powder offerings into select Walmart stores nationwide, launching ISOPURE Zero Carb Unflavored and Creamy Vanilla Protein Powders. Each serving contains 25 grams of pure whey protein isolate, free from gluten, lactose, and fillers. This collaboration aims to meet the growing consumer demand for high-quality protein products. ISOPURE emphasizes its commitment to quality, having been a leader in the protein industry since 1984.
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