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.
Walmart has introduced Caroline's Carts in all its Tennessee stores, enhancing accessibility for customers with disabilities. This multimillion-dollar investment is part of Walmart's commitment to inclusivity. The carts, designed for caregivers of children and adults with disabilities, can hold 35-250 pounds.
Walmart plans to equip all Supercenters with two Caroline's Carts and all Neighborhood Markets with at least one, totaling about 8,000 carts nationwide by early 2025. This order is larger than all previous Caroline's Cart orders combined since 2012.
The initiative follows Walmart's successful introduction of sensory-friendly hours from 8am - 10am daily, which have been extended year-round due to positive response.
Walmart has unveiled its 2024 Top Toys List, featuring 66 trending toys, with 25 priced under $25. The list includes exclusive finds like the Star Wars Force-N-Telling Darth Vader and VTech Sort & Discover Activity Center Wagon. Walmart has also introduced the exclusive Barbie World collection in collaboration with Mattel, offering customizable play experiences with products ranging from $9.99 to $24.97.
The Top Toys List focuses on trend-based categories such as crafting, mindful movement, and mystical adventures. It features popular brands like LEGO, Disney, Hot Wheels, and Barbie. Walmart aims to provide affordable options and a seamless shopping experience with services like curbside pickup, Express Delivery, and two-day shipping.
Walmart Inc. (NYSE: WMT) has announced its leadership's participation in several upcoming investor events throughout September and early October. These events include:
- Goldman Sachs Global Retailing Conference (Sept 4)
- Barclays Global Consumer Staples Conference (Sept 5)
- Goldman Sachs Communacopia + Technology Conference (Sept 11)
- Piper Sandler Growth Frontiers Conference (Sept 11)
- Wells Fargo Consumer Conference (Sept 19)
- Gordon Haskett Warehouse Club Tour (Sept 25)
- Goldman Sachs Global Sustainability Forum (Sept 26)
- Bank of America Store Tour (Oct 8)
Many of these events will feature fireside chats and meetings with key Walmart executives. Live webcasts and transcripts for select events will be available on Walmart's investor relations website at stock.walmart.com.
Walmart Marketplace announced major expansions and innovations at the Let's Grow! 2024 Seller Summit. Key highlights include:
- Launch of Premium Beauty, expansion of Collectibles, and introduction of Resold at Walmart for pre-owned items
- New Walmart Multichannel Solutions for fulfilling orders from any eCommerce site
- Walmart LocalFinds for pickup and delivery from sellers' physical stores
- Enhanced international selling capabilities and new features for customer engagement
The Marketplace has seen 30% sales growth in the past four quarters, contributing to Walmart's global eCommerce sales surpassing $100 billion last year. These initiatives aim to fuel seller success and offer customers an expanded assortment of products.
REVOLT, the leading Black-owned multimedia company, has announced the return of its hit game-show series 'Receipts' for Season 2. Produced in collaboration with Walmart (WMT), the show is hosted by comedian LaLa Milan and features industry favorites competing to uncover hidden talents within the Black community. The premiere episode has already garnered over 3 million views on YouTube, highlighting its growing popularity.
The series aligns with Walmart's Black and Unlimited platform, celebrating Black excellence and the community's limitless potential. 'Receipts' airs on REVOLT's linear channel, with new episodes debuting monthly on Thursdays and available to stream on digital and social channels the following Fridays.
Walmart+ and Burger King have partnered to offer an exclusive dining benefit for Walmart+ members. Starting immediately, members can enjoy 25% off any Burger King digital order daily. From September, they'll also receive a free Whopper every three months with any purchase.
This benefit, available at no extra cost to Walmart+ membership, aims to save members time and money while catering to their fast-paced lifestyles. The collaboration extends Walmart+'s offerings beyond its primary remit, joining partners like Expedia and Paramount+. Members can easily redeem this benefit via the BK App or bk.com by linking their Walmart+ membership with their Burger King Royal Perks account.
Walmart+ membership, priced at $98/year or $12.95/month, offers various benefits including free delivery, free shipping, gas and travel discounts, and video streaming with Paramount+.
Walmart Inc. (NYSE: WMT) has appointed Bob Moritz, former Chairperson of PricewaterhouseCoopers (PwC), to its Board of Directors. Moritz becomes the 12th member of the Board and will serve on the Audit Committee and the Technology and eCommerce Committee. With 39 years of experience at PwC, including roles as U.S. Chairman and Senior Partner, and most recently as Global Chair, Moritz brings extensive global business expertise and financial acumen to Walmart's leadership team.
Walmart's Board Chairman, Greg Penner, emphasized the importance of strategic leaders like Moritz in shaping the future of retail. Moritz's appointment is expected to contribute to Walmart's mission of helping people save money and live better as a people-led, tech-powered, omnichannel retailer.
Walmart Inc. (NYSE: WMT) reported strong financial results for the second quarter of fiscal year 2025. Consolidated revenue increased by 4.8% to $169.3 billion, with consolidated operating income growing faster at 8.5%. The company's eCommerce sales surged by 21% globally, while its advertising business grew by 26%. Walmart's adjusted earnings per share (EPS) stood at $0.67, excluding a net loss of $0.11 on equity and other investments.
Notable highlights include a 43 basis points increase in consolidated gross margin rate, led by Walmart U.S. and Walmart International. The company's return on assets (ROA) was 6.4%, while return on investment (ROI) improved by 230 basis points to 15.1%. Global inventory decreased by 2.0%, with Walmart U.S. seeing a 2.6% reduction. Based on these strong results, Walmart has raised its outlook for FY25 and issued guidance for Q3.
Walmart Inc. (NYSE: WMT) has announced its upcoming second quarter earnings conference call for fiscal year 2025, scheduled for August 15, 2024, at 7 a.m. CDT. The call will be hosted by Doug McMillon, president and CEO, and John David Rainey, executive vice president and CFO. They will discuss the company's Q2 earnings results and answer questions from the Investment Community. The event will be webcast live and accessible through Walmart's corporate website. The company plans to release its Q2 earnings results and related materials at 6 a.m. CDT on the same day, prior to the conference call.
Pharmaceutical Strategies Group (PSG) has released its 8th annual Artemetrx State of Specialty Spend and Trend report, sponsored by Walmart Specialty Pharmacy. The 2024 report reveals that specialty drug spend and trend increased by 14% in the past year, despite downward pressure from biosimilars and generic specialty drugs. Key findings include:
1. Claim utilization remains the leading driver of specialty drug trend, with cost per claim now playing a substantial role.
2. The population of specialty drug utilizers continues to grow.
3. Biosimilars are gaining traction, with notable increases in market share for Lucentis and Remicade alternatives.
4. Humira remains the top specialty drug by spend, while Skyrizi rose from sixth to third place.
The report offers insights for payers and plan sponsors, including forecasted trends and clinical perspectives on cell and gene therapies and Alzheimer's Disease drugs.
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