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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 reported a strong revenue growth of 6.0% in Q1, reaching $161.5 billion. Operating income surged by 9.6%, with adjusted operating income up 13.7%. The company's global eCommerce sales grew by 21%, thanks to store-fulfilled pickup and delivery services, and their marketplace. Walmart's global advertising business saw a 24% increase, including a 26% rise in the U.S. Walmart Connect segment. The company achieved GAAP EPS of $0.63 and adjusted EPS of $0.60. Notably, Walmart's global inventory decreased by 2.7%, ensuring healthy in-stock levels. For Q2, Walmart issued updated guidance and revised its outlook for FY25.

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Walmart Inc. (NYSE: WMT) will host a live conference call on May 16, 2024, to discuss its first quarter earnings for fiscal year 2025. The call will be led by Doug McMillon, CEO, and John David Rainey, CFO. Earnings results and related materials will be released at 6 a.m. CST, with the call at 7 a.m. CST.

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Walmart opened a new high-tech consolidation center in Minooka, Illinois, creating 700 new jobs. The facility, equipped with automated technology, aims to enhance Walmart's supply chain efficiency and provide better service to customers. This investment is part of Walmart's strategy to modernize its supply chain network and offer more opportunities to both suppliers and employees.

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Sam's Club has successfully deployed AI-powered exit technology at over 120 locations, leading the retail industry with customer experience innovation. This technology, showcased at CES, uses AI and computer vision to speed up the exit process for members, reducing wait times and improving overall satisfaction. Sam's Club aims to implement this technology in all of its clubs by the end of 2024, setting a new standard in the retail industry for seamless checkout experiences.

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Walmart has launched bettergoods, its largest private brand food launch in 20 years, offering quality, chef-inspired food at an affordable price, with most items under $5. The new brand delivers unique culinary experiences, plant-based options, and 'Made Without' products, catering to different dietary needs. Bettergoods is a commitment to providing exceptional value and taste to customers, expanding Walmart's innovative private brand offerings.

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Walmart released its 2024 Annual Report and Proxy Statement, announcing Rob Walton's retirement and the nomination of Brian Niccol for the Board. The Annual Report highlights strong financial performance, investments in associates, and company culture. The 2024 Annual Shareholders' Meeting will be held virtually.
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Walmart+ brings back its 'Mother of All Savings Memberships' campaign with a new interactive 'Moms Answer Moms' Q&A session featuring celebrity moms like Paris Hilton. The campaign offers real-life parenting advice for all stages of motherhood, from caring for newborns to grandparenting.
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Walmart collaborates with The Jessica Simpson Collection to introduce a new line of boho-chic women's apparel, swimwear, and jewelry at affordable prices, celebrating women of all body types. The collection, inspired by Jessica Simpson's Texas roots and California's summer vibes, offers exclusive styles for Walmart customers, priced between $7.96 - $38. The assortment includes cool classics, swim essentials, and trendy jewelry, available in sizes XS - 4X in sportswear and XS - XXL in swimwear, catering to a wide range of body types.
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Walmart Health opens its 50th center in Sugar Land, Texas, offering affordable healthcare services. 18 new locations are set to open in Texas, providing integrated care in state-of-the-art facilities alongside Walmart Supercenters.
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Borealis Foods Inc. (Nasdaq: BRLS) partners with Feeding America® through Chef Woo High Protein Ramen to combat food insecurity. Chef Woo, with 20g of plant-based protein, is available at Sam's Club. Each sale results in a donation of at least 5 meals. Borealis aims to make a significant impact on hunger and malnutrition.
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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
Link
United States of America
BENTONVILLE