Walmart Stock Price, News & Analysis

Walmart has launched a new giving campaign through its Spark Good initiative to support local nonprofits, with a total of $5 million available this holiday season. From November 25 to December 25, customers can round up their purchases to donate to charities, with Walmart matching contributions up to $1 million. Additionally, 3,000 nonprofits can receive $1,000 grants based on specific donation criteria, totaling up to $3 million. This initiative aims to amplify community giving and improve local engagement.

Walmart has announced a $600,000 grant to the Boys & Girls Clubs of America aimed at improving child nutrition and food access for Clubs on Native Lands. This funding is part of Walmart's initiative to enhance food access in underserved areas. The grant was revealed during the 'Improving Health in Rural America' event in Washington, D.C., where Walmart collaborated with healthcare experts to discuss health outcomes in rural regions. The Boys & Girls Clubs highlighted the program's role in promoting healthy food access and education among youth.

The Sam's Club Auto Buying Program, powered by TrueCar, is running a holiday promotion from November 21 to December 30, 2022, offering members e-Gift Cards of up to $1,000 for purchasing eligible vehicles from certified dealers. The program facilitates car buying with features like pricing comparisons and personalized dealer offers. Eligible models include select 2022 and 2023 vehicles from brands like BMW, Audi, and Lexus. TrueCar aims to enhance transparency and savings for Sam's Club members.

Walmart Inc. (NYSE: WMT) has announced that CEO Doug McMillon will speak at the Morgan Stanley Global Consumer & Retail Conference on Dec. 7 at 12:00 p.m. EST. The session will be available for live streaming on the company’s website. Following the event, a transcript will be provided online. Walmart, a leader in retail, recorded a fiscal year 2022 revenue of $573 billion and employs approximately 2.3 million associates globally. The company serves around 230 million customers weekly across over 10,500 stores worldwide.

Walmart has agreed to a $3.1 billion nationwide opioid settlement framework to address lawsuits from state, local, and tribal governments, pending the satisfaction of all conditions. The settlement aims to expedite aid to communities facing the opioid crisis, marking it as the fastest resolution to date. While Walmart disputes the allegations without admitting liability, it remains committed to opioid stewardship and will continue its defense against unresolved lawsuits.

Walmart Inc. reported strong third-quarter results with total revenue of $152.8 billion, an increase of 8.7%, and 9.8% in constant currency. Comp sales at Walmart U.S. grew by 8.2%, with eCommerce up 16%. Sam's Club comp sales rose 10% and membership income increased 8%. International sales reached $25.3 billion. Walmart’s global advertising growth exceeded 30%. However, gross profit rate declined by 89 basis points, and operating income fell by 53.5% due to opioid-related legal charges. Walmart announced a new $20 billion share repurchase authorization.

Gatik has achieved a significant milestone by becoming the first autonomous trucking company to remove the safety driver from a commercial delivery route globally, partnering with Walmart (NYSE: WMT) in Arkansas. This accomplishment is part of their fully driverless deliveries between a warehouse and a Neighborhood Market. TIME named Gatik one of the Best Inventions of 2022 recognizing their long-term commercial solutions and impact in the sector. Gatik is also expanding operations with Canada’s Loblaw.

Walmart Inc. (NYSE: WMT) will hold a conference call on November 15, 2022, at 7 a.m. CST to discuss its third quarter earnings results for fiscal year 2023. CEO Doug McMillon and CFO John David Rainey will lead the call, which will also be webcast live. Walmart will release its earnings results and related materials earlier on the same day at 6 a.m. CST. The company serves approximately 230 million customers weekly across over 10,500 stores globally, reporting $573 billion in revenue for fiscal year 2022.

Rubicon Technologies (NYSE: RBT) and Walmart (NYSE: WMT) have signed a two-year agreement to enhance waste diversion efforts and improve account management services. This partnership will expand into the recycling of plastic film and green waste collection, building upon their collaboration since 2013. Rubicon's RUBICONConnect™ is already utilized in 70 Walmart distribution centers, optimizing waste efficiency and sustainability. This extension aligns with Walmart's goals of zero waste and advancing a circular economy.