Walmart Stock Price, News & Analysis

Walmart Inc. (NYSE: WMT) will hold a live conference call at 7 a.m. CDT on Aug. 16, 2022, to discuss its second quarter earnings results for fiscal year 2023. CEO Doug McMillon and CFO John David Rainey will present and answer questions during the call. Earnings results will be released at 6 a.m. CDT on the same day. Investors can access the live event and archived results via Walmart's corporate website.

Walmart (NYSE: WMT) has formed a partnership with Getaway to open mini-retail experiences called The General Store at select Getaway Outposts, enhancing access to nature for guests. Starting this fall, these stores will offer outdoor gear and essentials, promoting convenience for visitors. The first location opens in August 2022 at Getaway Hill Country in Texas, with more stores planned across the U.S. The initiative aims to support local communities and provide guests with a unique shopping experience, and it includes a complimentary Walmart+ trial for guests.

Walmart announces an exclusive partnership with WALDO, making innovative eyecare more accessible. Starting July 26, WALDO's Hydra Boost Daily Lenses will be available at Walmart Vision Centers and online for $23.86, offering savings of 13%-84% compared to similar products. The collaboration aims to foster eye health awareness and improve customer experience in over 3,000 vision centers nationwide. Walmart continues to enhance its healthcare offerings, emphasizing affordability and quality in eyecare.

Walmart Inc. has revised its profit outlook for Q2 and FY23, lowering expectations due to pricing actions to manage inventory levels. Operating margins are anticipated to be approximately 4.2% in Q2, with FY23 margins projected at 3.8% to 3.9%. Net sales outlook remains optimistic, with FY23 projected growth of 7.5% in Q2 and 4.5% for the full year. However, comp sales growth is affected by food inflation and markdowns, particularly in apparel. The company aims for a 3% comp sales growth in the back half of the year.

Walmart (NYSE: WMT) has signed a definitive agreement to purchase 4,500 all-electric Lifestyle Delivery Vehicles (LDVs) from Canoo (NASDAQ: GOEV), with an option for up to 10,000 units. These vehicles will enhance Walmart's sustainable delivery capabilities, contributing to its goal of achieving zero emissions by 2040. The LDVs are designed for last-mile deliveries, featuring improved ergonomics and cargo space. Initial deliveries are expected to begin in 2023, with advanced testing starting soon in the Dallas Fort Worth area. This partnership aims to streamline Walmart's logistics and meet growing eCommerce demands.

Walmart has integrated its InHome delivery service into the Walmart+ membership, providing a streamlined option for customers. This change allows members to access all delivery services from one platform, meeting customer demand for convenience. InHome delivery is expanding to new markets including Miami and San Francisco, potentially reaching over 30 million households by year-end. Members can add InHome delivery for $7 monthly or $40 annually, resulting in a total of $138 per year, which is a $10 reduction compared to separate memberships.

Walmart hosted its ninth annual Open Call, where over 1,100 businesses presented products made, grown, or assembled in the U.S. Preliminary results show more than 330 deals were struck to sell these products in Walmart and Sam's Club locations, with 280 additional businesses in ongoing discussions. Walmart has committed a total of $600 billion towards U.S. manufacturing since 2013, supporting over 750,000 jobs. This year, Walmart introduced early-access applications, attracting over 4,500 entrepreneurs, nearly 60% of whom identified as diverse-owned.

Walmart has announced its agreement to acquire Memomi, an augmented reality optical tech company, enhancing its optical care offerings. Since 2019, Memomi has provided digital measurements in over 2,800 Walmart Vision Centers and 550 Sam’s Clubs. This move is part of Walmart's strategy to integrate technology for better health care access, fulfilling customer demand for digital services. The acquisition is expected to close soon, with Memomi's team joining Walmart's Global Tech organization, supporting the expansion of their virtual optical try-on capabilities.

The Federal Trade Commission (FTC) has filed a civil lawsuit against Walmart, claiming fraud linked to another company under government oversight. Walmart asserts that the FTC's case lacks basis and is an overreach of authority. The company emphasizes its commitment to anti-fraud measures, which have saved consumers around $6 billion in money transfer fees. With FY 2022 revenues of $573 billion and a workforce of approximately 2.3 million, Walmart continues to lead in retail and sustainability efforts.