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Walmart Inc. - WMT STOCK NEWS

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.

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Walmart (NYSE: WMT) announced participation in several upcoming investor events. Key executives will engage in Q&A sessions, fireside chats, and presentations across various platforms. The events start on June 7 with a Q&A session led by Walmart executives at 1:00 pm CT. Subsequent events include the Oppenheimer Consumer Growth and E-Commerce Virtual Conference on June 11, featuring John Furner, Walmart U.S. President & CEO, and the Evercore ISI Consumer & Retail Virtual Conference on June 12 with CFO John David Rainey. Further sessions include the Jefferies Consumer Conference on June 18 and the NYSE/Bank of America London Investor Conference on June 25. The series concludes with the UBS Retail Bus Tour on July 11. Webcasts and transcripts for these events will be available on Walmart's investor relations website.

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Walmart is expanding its InHome delivery service to reach an additional 10 million U.S. households, including those in California's San Bernardino, Riverside, and Ontario. This brings the total coverage to over 45 million homes across 50 markets, including Boston, Detroit, Minneapolis, and Philadelphia. InHome delivers groceries and essentials directly to customers' kitchens or garage refrigerators and includes features like one-time access codes and wearable cameras for delivery associates.

Walmart's InHome service, launched in 2019, aims to save customers time and provide convenience. The service is available as an add-on to Walmart+ membership for $12.95 per month or $98 per year, with existing Walmart+ members able to add the service for an additional $7 per month or $40 per year.

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Walmart is expanding its InHome delivery service to an additional 10 million U.S. households, including those in Massachusetts cities such as Boston, Cambridge, and Newton. This expansion brings InHome delivery to over 45 million homes across the U.S. InHome delivery allows Walmart customers to receive groceries and everyday essentials directly to their doorsteps, or even have items unpacked into their kitchens or garage refrigerators. The service, launched in 2019, aims to offer a seamless shopping experience for busy customers. As part of the expansion, InHome is also now available in Detroit, Minneapolis, Philadelphia, and San Bernardino, covering more than 50 markets. Customers can access this service for $12.95 per month or $98 per year, with an add-on for Walmart+ members at $7 per month or $40 per year, which includes unlimited, fee-free, and tip-free deliveries.

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Walmart has expanded its InHome delivery service to an additional 10 million U.S. households, including those in Minnesota. This service now reaches over 45 million homes across 50 markets, including new areas like Minneapolis, St. Paul, and Bloomington.

InHome delivery provides convenience by delivering groceries and essentials directly to customers' doorsteps or even into their kitchen or garage refrigerators. Walmart first launched InHome in 2019 and has since made millions of deliveries.

Customers can access this service by ordering through Walmart.com or the Walmart app. The service is available as an add-on to Walmart+ membership, costing $12.95 per month or $98 per year, with additional options for existing Walmart+ members.

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Walmart has announced the expansion of its InHome delivery service, now reaching an additional 10 million U.S. households including those in Michigan areas such as Detroit, Warren, and Dearborn.

InHome service delivers groceries and essentials directly into customers' kitchens or garage refrigerators. This expansion brings the service to over 45 million homes across 50 markets, including Boston, Minneapolis, Philadelphia, and San Bernardino.

The service, launched in 2019, is available as an add-on to Walmart+ membership for $12.95 per month or $98 annually. Walmart+ members can add InHome for an extra $7 per month or $40 per year. InHome associates use a one-time access code and wearable cameras for secure deliveries.

Walmart emphasizes convenience and seamless shopping experiences, particularly for busy families during the summer season.

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Walmart is expanding its InHome delivery service to 10 million more households, including those in Greater Philadelphia, Camden, and Wilmington. This extension brings the total reach to over 45 million U.S. homes across more than 50 markets, including Boston, Detroit, Minneapolis, and San Bernardino.

InHome allows customers to have groceries and essentials delivered directly to their doorsteps or placed into their kitchens or garage refrigerators. The service is an add-on to Walmart+ membership, priced at $12.95 monthly or $98 annually, with an additional $7 per month or $40 per year for Walmart+ members.

InHome, launched in 2019, aims to simplify shopping and has since completed millions of deliveries. The associates are vetted, trained, and equipped with wearable cameras for secure deliveries, providing customers access to delivery videos for up to a week.

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Walmart, in partnership with the Walmart Foundation and Sam's Club, is committing up to $2 million for immediate relief efforts in Northwest Arkansas following severe storms and tornadoes. This includes an initial $1 million for food, water, and essential supplies. Walmart's efforts involve donations to the Red Cross and local coordination centers, providing free meals, WiFi hotspots, and other services. Additionally, Walmart has launched an associate match campaign to double employee donations up to $1 million, supporting recovery and volunteer efforts through their Spark Good programs.

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Capital One Financial (NYSE: COF) and Walmart (NYSE: WMT) have announced the termination of their partnership for the Walmart Consumer Credit Cards as of May 24, 2024.

The two companies had launched the Capital One Walmart Rewards Credit Card Program in 2019. Despite the end of the partnership, current cardholders can still use their cards, earn, and redeem rewards as usual. Also, accrued rewards will retain their value.

Capital One will continue to own and service the credit card accounts. Further information will be communicated to Walmart credit card holders in the upcoming months.

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Walmart+ is collaborating with Pawp to introduce a new pet telehealth benefit, offering members unlimited, 24/7 virtual access to veterinary professionals at no extra cost. This service, launching later this year, aims to provide convenient and affordable pet care. After a successful -time offer last year, Pawp is now a permanent addition driven by positive feedback from Walmart+ members. Key features include expert veterinary support, comprehensive care plans, and substantial cost savings compared to standalone Pawp memberships.

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Walmart has inaugurated a new high-tech fulfillment center in Greencastle, Pennsylvania, marking its fourth such facility. This 1.5 million square-foot center aims to enhance order fulfillment and shipping speeds, enabling Walmart to reach 95% of the U.S. population with next- or two-day delivery services. The center will support Walmart Fulfillment Services, benefiting third-party Marketplace sellers.

The facility will employ over 1,000 associates, with a focus on tech-driven roles, offering career growth through Walmart's benefits and educational programs. Additionally, Walmart donated $10,000 to the Greencastle-Antrim School District, reinforcing its community commitment.

This expansion aligns with Walmart's broader strategy of integrating people, technology, and machine learning to optimize its operations and offer faster, more efficient customer service.

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FAQ

What is the current stock price of Walmart (WMT)?

The current stock price of Walmart (WMT) is $92.24 as of December 20, 2024.

What is the market cap of Walmart (WMT)?

The market cap of Walmart (WMT) is approximately 738.0B.

What does Walmart Inc. do?

Walmart Inc. operates a chain of hypermarkets, discount department stores, and grocery stores. It is the largest retailer in the United States.

Where is Walmart headquartered?

Walmart is headquartered in Bentonville, Arkansas, USA.

How many stores does Walmart have globally?

Walmart operates over 10,000 stores globally.

What is Walmart’s annual revenue?

In fiscal 2024, Walmart reported revenue of $648 billion, including domestic and international sales.

How many customers does Walmart serve each week?

Walmart serves approximately 240 million customers globally each week.

What recent changes have been made to Walmart’s credit card partnerships?

Walmart and Capital One Financial Corporation ended their exclusive credit card issuing agreement, but cardholders can still earn and redeem rewards.

What sustainability initiatives does Walmart support?

Walmart is a leader in sustainability efforts, focusing on corporate philanthropy and providing employment opportunities.

How many associates does Walmart employ worldwide?

Walmart employs approximately 2.1 million associates worldwide.

Where can I find more information about Walmart?

More information is available on Walmart's official website at corporate.walmart.com and their social media pages.

What is Walmart's strategy for maintaining its market position?

Walmart’s strategy includes offering the lowest priced goods, superior operating efficiency, and providing a one-stop shopping experience.

Walmart Inc.

NYSE:WMT

WMT Rankings

WMT Stock Data

738.03B
4.31B
46.38%
35.56%
0.39%
Discount Stores
Retail-variety Stores
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United States of America
BENTONVILLE