by - August 15, 2024 7:49 am
Walmart on Thursday (Aug. 15) reported an almost 5% gain in quarterly revenue but saw unadjusted net income drop 43% in the quarter. The Bentonville-based company boosted full fiscal year…
by - June 5, 2024 8:23 am
Two years after Walmart tested a program for employees to become truck drivers, the retail giant is expanding the program to include training for employees to pursue maintenance, refrigeration and…
by - May 14, 2024 8:32 am
Editor’s note: Story updated with statement from Walmart. Several hundred jobs are being cut at Walmart’s home office and its global tech operations. The layoffs in Bentonville began Monday (May…
by - January 12, 2024 3:06 pm
Technology, including drone delivery and artificial intelligence (AI), are part of what will drive growth and customer interactions at Walmart. That was the core theme from Walmart CEO Doug McMillon…
by - August 14, 2023 3:08 pm
All eyes will be on Walmart when it reports second-quarter earnings on Thursday (Aug. 17). The consensus estimate is for a net income of $4.55 billion, down 6% from the…
by - February 21, 2023 9:21 am
Walmart posted full fiscal year net income of $11.68 billion, down 14.6% compared with the previous fiscal year, but revenue and earnings per share beat expectations. The Bentonville-based global retailer…
by - November 15, 2022 10:13 am
Walmart reported revenue of $152.8 billion in its fiscal third quarter, up 8.7% compared to the same quarter in 2021, but net income fell 158% to a loss of $1.798…
by - November 11, 2022 4:55 pm
Analysts at Citibank and Stephens Inc. believe Walmart will slightly outperform consensus when the retail giant reports third-quarter earnings on Tuesday (Nov. 15), but they say net income will be…
by - August 21, 2022 3:51 pm
Bentonville-based Walmart said Friday (Aug. 19) it would provide expanded coverage for abortion in the case of health risk of the mother, rape or incest, ectopic pregnancy, miscarriage or lack…
by - May 18, 2022 3:48 pm
Walmart was behind the pack when finally deciding to launch its Walmart+ subscription membership program in June 2021. Amazon’s Prime subscription was launched in early 2005 growing to 200 million…
by - May 17, 2022 10:26 am
Inflation in the supply chain, higher-than-expected inventory, and a 30% rise in wage costs helped derail Walmart’s first-quarter net income to 74 cents per share after a 56-cent downward adjustment…
by - October 22, 2021 4:51 pm
Walmart said Friday (Oct. 22) that corporate employees are expected to be vaccinated and return to their offices by Nov. 8. Walmart did say it would make special accommodations regarding…
by - August 24, 2021 2:17 pm
Imagine ordering a dozen donuts from a local bakery or new patio furniture from a major Walmart competitor and having Walmart deliver it by Spark delivery, drone or some other…
by - August 17, 2021 10:24 am
Walmart reported second-quarter net income of $4.276 billion or $1.52 per share for the period ending July 31. While net income was down 39% year-over-year, the retail giant beat the…
by - June 2, 2021 6:36 am
Walmart said Tuesday (June 1) it will expand U.S. store hours from 6 a.m. to 11 p.m. beginning Saturday, June 5. The exceptions will be state or local government mandates…
by - February 16, 2021 5:22 pm
Walmart has been one of the winners in retail amid the ongoing COVID-19 pandemic and Wall Street expects the retail giant will see net income grow 8.7% in its fiscal…
by - November 17, 2020 1:21 pm
Walmart sales have grown as an essential retailer during the COVID-19 pandemic. The retail giant posted better than expected financial third-quarter results with revenue of $134.7 billion, including $1.1 billion…
by - September 19, 2020 10:08 pm
Walmart said Saturday (Sept. 19) it continues to work on the final agreements to purchase a 7.5% stake in video-sharing platform TikTok Global as well as enter into commercial agreements…
by - September 1, 2020 1:17 pm
Walmart said it will on Sept. 15 launch its much-anticipated Walmart+ service, a membership program that includes in-store and online discounts and fuel savings of 5-cents a gallon at Walmart…
by - August 21, 2020 3:51 pm
Several retail analysts raised their target price estimates for Walmart shares following stellar second-quarter results and in spite of some cautionary sentiment from the retail giant, who gave no earnings…
