News
WMT
58.82
-0.89%
-0.53
Walmart CEO Started In The Warehouse And Says He Climbed His Way Up By 'Raising His Hand' When The Boss Was Away And Being A 'Pinch Hitter'
Walmart CEO Doug McMillon started working in a warehouse at age 17. McMillon attributed much of his career advancement to his willingness to "raise his hand" when his boss was away. He says the integration of physical and online retail is a critical strategy for the retail giant.
Forward News · 4h ago
CVS stresses 'margins over membership' to offset Medicare pressure
CVS reported $88.4 billion in revenue in the first quarter, missing Wall Street's estimate of $89 billion. The company's stock was trading down more than 13% Wednesday, reaching its lowest level since 2009. CVS expects to raise insurance plan prices in the coming year as it adjusts for Medicare reimbursement cuts.
Forward News · 4h ago
Investor Optimism Dampens as Walgreens Boots Alliance Struggles With Market Turbulence
Walgreens Boots Alliance Inc. (NASDAQ:WBA) shares plummeted by 18% in April, nearing a 26-year low. The drugstore chain's stock value has dropped nearly 50% in the past five years. Walgreens is facing tough times as it struggles with high debt stemming from aggressive acquisition spree. The company is embarking on a strategic review of its operations to regain investor confidence.
Benzinga · 4h ago
Investors Met With Slowing Returns on Capital At Walmart (NYSE:WMT)
Walmart has a Return On Capital Employed of 17%, compared to the Consumer Retailing industry average of 12%. The stock has gained 91% over the last five years. The company's returns on capital employed have been steady for the past 5 years. We don't think Walmart's current trends fit the mold of a multi-bagger. Walmart's ROCE is a measure of a company's yearly return on equity.
Simply Wall St · 7h ago
Roblox opens up new ad format as it looks to build its ads business
Tech Roblox opens up new ad format as it looks to build its ads business. The video game platform is opening up its video ads offering to all advertisers. Users will now see video advertisements running on virtual billboards and other screens. The ads will allow advertisers to reach Gen Z customers.
Seeking Alpha · 7h ago
Are You a Growth Investor? This 1 Stock Could Be the Perfect Pick
Walmart Inc. Has evolved from a traditional brick-and-mortar retailer into an omnichannel player. The company boasts a Growth Style Score of A and holds a Zacks Rank of 2. Walmart is expected to report cash flow growth of 6% this year. WMT should be on investors' short lists because of its impressive growth fundamentals.
Forward News · 8h ago
D.A. Davidson Sticks to Their Buy Rating for Walmart (WMT)
TipRanks · 9h ago
Analysts Offer Insights on Consumer Goods Companies: Philip Morris (PM), Sysco (SYY) and Walmart (WMT)
TipRanks · 9h ago
Walmart Takes Bold Step With Bettergoods Food Expansion
Walmart Inc has launched its private food brand, Bettergoods, to bring culinary concepts directly to customers. The brand aims to make quality, chef-inspired food approachable and affordable. The move marks Walmart’s largest private brand food launch in 20 years.
Benzinga · 12h ago
US Equity Markets Close Down Tuesday After Higher Wage Data
Forward News · 1d ago
Walmart to shut down all of its US health clinics
All 51 of Walmart's health clinics in the US will shut down after struggling to reach profitability. Yahoo Finance Health Reporter Anjalee Khemlani breaks down the biggest headwinds for this segment of the company. The company is closing 51 of its health clinics.
Forward News · 1d ago
Walmart launches store-label food brand Bettergoods in bid to appeal to younger shoppers
MarketWatch · 1d ago
Walmart Is the Nation's Largest Grocer. Why It Added a New Private Label Food Brand.
Walmart announced the launch of Bettergoods, its largest new private label food brand in two decades. The company has made major strides in the grocery business in recent years. The product line will focus on affordability, with most items priced at less than $5. Private label brands are a way for Walmart to build on its market share gains.
Barron‘s · 1d ago
Consumer Sector Update for 04/30/2024: KO, MCD, WMT
NASDAQ · 1d ago
Walmart (NYSE:WMT) Taps AI To Make Salesmen Out of Employees
TipRanks · 1d ago
Oatmilk dessert, hot honey seasoning, gluten-free items: Walmart launches branded food line
Walmart on Tuesday launched a line of store-branded groceries called Bettergoods. The new line is the company's largest private-brand food launch in 20 years. Most of the new items will sell for less than $5. The line includes items like hot honey seasoning, a frozen dessert made of oat milk and others for shoppers avoiding gluten or added sugar.
Forward News · 1d ago
Walmart to Shut Down All Clinic Locations Amid Rising Costs – What It Means for Your Healthcare?
Walmart pharmacies and vision centers were unaffected. The big box retailer will close 51 clinic locations and shut down the virtual care offerings. The company said the clinics will close over the next 45 to 90 days. The shortage of healthcare workers in the U.S. Has increased the company's labor costs.
Benzinga · 1d ago
Q1 Earnings Season Scorecard and Fresh Research Reports for Apple, Walmart & Chevron
NASDAQ · 1d ago
Dave & Busters, Walmart, Molson Coors: Trending tickers
Dave & Buster's has announced plans to allow customers to place bets on their arcade games. Walmart is introducing a new private label brand, bettergoods, to cater to budget-conscious consumers. Molson Coors is under pressure as executives signal a more cautious outlook for the company.
Forward News · 1d ago
What's Going On With Vizio Stock Tuesday?
VIZIO Holding Corp (NYSE:VZIO) shares are trading lower Tuesday after Walmart received a request for additional information from the FTC regarding its planned merger with Vizio. In February, Vizio entered into an agreement to be acquired by Walmart for $11.50 per share in cash.
Benzinga · 1d ago
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About WMT
Walmart Inc. is a technology-powered omnichannel retailer. The Company is engaged in the operation of retail and wholesale stores and clubs, as well as e-commerce websites and mobile applications, located throughout the United States, Africa, Canada, Central America, Chile, China, India and Mexico. It operates through three segments: Walmart U.S., Walmart International and Sam's Club. The Walmart U.S. segment includes the Company's mass merchant concept in the United States, as well as e-commerce, which includes omni-channel initiatives and certain other business offerings such as advertising services through Walmart Connect. It operates under the Walmart and Walmart Neighborhood Market brands. The Walmart International segment consists of the Company's operations outside of the United States, as well as e-commerce and omni-channel initiatives. The Sam's Club segment includes the warehouse membership clubs in the United States, as well as e-commerce and omni-channel initiatives.