Walmart Stock Price, News & Analysis

Walmart has launched an in-house developed app, Me@Walmart, for its U.S. associates, enhancing their work experience and efficiency. By year-end, Walmart will provide over 740,000 associates with new Samsung Galaxy XCover Pro smartphones to use the app. Key features include scheduling tools, mobile clock-in, communication solutions via push-to-talk, and a voice-activated assistant called Ask Sam. Walmart aims to streamline processes and improve customer service in an evolving retail landscape.

Walmart Inc. (NYSE: WMT) reported strong shareholder support during its Annual Shareholders’ Meeting, with 90.3% of outstanding shares represented. CEO Doug McMillon announced record sales of $560 billion, an increase of over $40 billion from the previous year. Shareholders approved the election of all 12 director nominees, with votes exceeding 97.5%. Additionally, 95% of shares voted in favor of executive compensation and 98.4% for the appointment of Ernst & Young as auditors. However, five shareholder proposals failed, with support ranging from 2.3% to 22.1%.

Sam's Club has re-launched its Taste & Tips sampling program, allowing members to sample food and review products during their visits. Initially available on weekends with safety measures, this program returns after being paused due to COVID-19 concerns. Sam's Club aims to enhance the shopping experience, as indicated by Chief Merchandising Officer Megan Crozier, highlighting an evolution in member preferences. The club will also feature a Member’s Mark Summer Eats Food Truck, touring central U.S. states, and will test new sampling approaches, including mobile events in-store.

Walmart (NYSE: WMT) announced that Judith McKenna, President and CEO of Walmart International, will speak at Deutsche Bank's 18th Annual dbAccess Global Consumer Conference on June 7 at 4 p.m. CET/10 a.m. EDT. The event will be streamed live via the 'Events' section at stock.walmart.com, with a transcript available afterward. Walmart continues to be a global leader in retail, serving approximately 220 million customers weekly across 10,500 locations worldwide, generating $559 billion in revenue for fiscal year 2021.

Gap and Walmart have formed a strategic partnership to launch Gap Home, a new brand of home essentials, exclusively at Walmart. Starting June 24, customers will find over 400 items ranging from home décor to bedding, with prices from $15.88 to $64.98. This collaboration combines Walmart's extensive reach with Gap's brand heritage. Gap Home emphasizes sustainability through items made with organic cotton and recycled materials. Executives from both companies express excitement over this growth opportunity and the potential to expand Gap's lifestyle brand.

Walmart and AT&T partner to provide affordable internet access for customers impacted by COVID-19. Through the Emergency Broadband Benefit Program, eligible customers can access select AT&T PREPAID and Cricket Wireless plans at little to no cost. Benefits include up to $50/month for eligible households, or $75 on Tribal lands. Walmart offers this initiative in over 2,300 stores and online. Plans include options for data-only and smartphone services, with significant savings. Both companies aim to address the digital divide exacerbated by the pandemic.

Walmart Inc. (NYSE: WMT) reported a total revenue of $138.3 billion for Q1, marking a 2.7% increase. Revenue faced a $4.2 billion decline from recent divestitures. Walmart U.S. comp sales rose 6.0%, with eCommerce sales up 37%. Operating income surged 32.3% to $6.9 billion. However, Walmart International saw a 8.3% decrease in net sales to $27.3 billion, heavily impacted by divestitures. Adjusted EPS reflects losses from equity investments and divestitures.

Walmart Inc. (NYSE: WMT) will hold a conference call at 7 a.m. CDT on May 18, 2021, to discuss its first quarter earnings results for fiscal year 2022. Doug McMillon, CEO, and Brett Biggs, CFO, will lead the discussion. The earnings results will be available at 6 a.m. CDT the same day. Walmart reported fiscal year 2021 revenue of $559 billion and serves about 220 million customers weekly across 10,500 stores in 24 countries. The event will also be accessible via webcast, with an archive available afterward.

Walmart Health has announced an agreement to acquire MeMD, a telehealth provider, enhancing its commitment to integrated health delivery. This acquisition will enable Walmart Health to offer virtual care nationwide across urgent, behavioral, and primary care sectors, complementing its in-person services. The deal is expected to lower overall healthcare costs and improve health equity. The acquisition is pending regulatory approval and aims to accelerate healthcare access.