Tag: Walmart

Walmart International CEO Kath McLay to leave the retailer

Kath McLay, who was on the insider’s short list to replace John Furner as CEO of Walmart U.S., has opted to leave the company. McLay, 51, was CEO of Walmart…

Walmart expected to report Q3 earnings gain of 3.4%, revenue up 4.5%

Walmart continues to be a favorite in the big box retail segment among stock market analysts who expect the retail giant will report higher earnings and revenue on Thursday (Nov….

Walmart shareholders earned big under McMillon; Furner faces high expectations

Walmart shareholders have experienced an average annual return of 14.53% during the past 12 years of CEO Doug McMillon’s tenure. There have been ups and downs, but the total return…

Walmart CEO Doug McMillon to step down, John Furner will succeed (Updated)

Walmart will usher in its sixth company CEO in its 63-year history when Doug McMillon retires Jan. 31, 2026 — the end of the company’s fiscal year. John Furner, CEO…

UAMS, Walmart team up on food insecurity, wellness collaboration

The University of Arkansas for Medical Sciences (UAMS) and Walmart announced Monday (March 17) a collaboration to increase access to nutritious food across Arkansas. The statewide program begins in March….

The Supply Side: Helios AI to help Walmart with forecasting for agri commodities

Helios AI announced it has signed on to help Walmart with enhanced price forecast tools for agricultural commodities. Helios and Walmart officials met as part of the retail giant’s Open…

Walmart posts 4.8% gain in quarterly revenue, unadjusted net income down 43%

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…

Walmart expands worker training program, adds bonus plan

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…

Walmart cutting corporate jobs, recalls some remote workers (Updated)

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…

Walmart execs discuss new and expanded technology initiatives

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…

Walmart expected to post lower net income in second fiscal quarter

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…

Walmart full year revenue beats estimates, net income down 14.6%

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…

Walmart posts net quarterly loss following $3.1 billion opioid settlement

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…

Net income could fall by 7.7% in Walmart’s fiscal third quarter

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…

Walmart outlines abortion coverage policy to employees

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…

Walmart continues to change its membership subscription plan

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…

Walmart quarterly income drops almost 25%; labor costs up 30%

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…

Walmart corporate employees to return to offices Nov. 8

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…

Walmart to provide last-mile delivery service for other businesses

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…

Walmart quarterly net income down 39%, revenue up 2.4%

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…

Car-Mart hires investment firm, appoints board member as it evaluates ‘strategic alternatives’

Arkansas metro job growth moderates in April, NWA beats the trend

Sam’s Club names new chief operating officer

Benton County wages up almost 11%, Arkansas average weekly wages up 5%