Welcome to our dedicated page for Walmart news (Ticker: WMT), a resource for investors and traders seeking the latest updates and insights on Walmart stock.
Walmart Inc. reports developments across its global omnichannel retail business, including store operations, ecommerce, mobile ordering, delivery services, and merchandising across grocery and general merchandise. The company’s recurring updates cover Walmart U.S., Sam’s Club, and Walmart International, with news on club services, digital fulfillment, pharmacy and health offerings, Vision Centers, and store remodel programs.
Company announcements also address supply chain investments, including owned milk processing capacity, local sourcing, and retail infrastructure. Governance and shareholder communications appear through annual report and proxy materials, board and committee matters, executive leadership updates, and shareholder proposals tied to the company’s public-company reporting cycle.
Walmart has announced Walmart+ Weekend, an exclusive online savings event from June 2-5, aiming to provide significant discounts for Walmart+ members. This event begins at 12 p.m. PT on June 2 and concludes at 4 p.m. PT on June 5, featuring discounts on top brands and sought-after items. Members can save on electronics, apparel, home goods, and more, with deals like $50 off a Gateway Laptop and $200 off a Shark Robot Vacuum. New members will receive a $20 promo code for their next purchase.
Walmart Inc. (NYSE: WMT) reported a Q1 FY23 GAAP EPS of $0.74 and an adjusted EPS of $1.30. Total revenue reached $141.6 billion, reflecting a 2.4% growth despite $5.0 billion in losses from divestitures. Walmart U.S. comp sales grew 3.0%, while Sam’s Club comp sales rose by 10.2%. Operational challenges included a consolidated gross profit rate decline of 87 basis points and a 23% drop in consolidated operating income to $5.3 billion. The outlook for Q2 and the full year has been updated.
Walmart Inc. (NYSE: WMT) is set to announce its first quarter earnings results for fiscal year 2023 during a live conference call scheduled for 7 a.m. CDT on May 17, 2022. The call, hosted by CEO Doug McMillon and CFO Brett Biggs, will provide insights into the company's financial performance and address questions from the investment community. Interested parties can access the call via Walmart's investor relations page. In fiscal year 2022, Walmart reported $573 billion in revenue, serving approximately 230 million customers weekly across 10,500 stores globally.
MoneyLion Inc. (NYSE:ML) has appointed Cynthia Kleinbaum as Chief Customer Officer to enhance customer acquisition and retention efforts. With over 20 years of marketing experience, Kleinbaum previously served at Walmart (NYSE:WMT), focusing on digital services. Her role aims to leverage MoneyLion's data and technology, driving personalized customer engagement. CEO Dee Choubey expressed optimism about her leadership in achieving the company's mission of providing financial access to hardworking Americans.
Kelly-Moore Paints has announced a partnership with Walmart GoLocal to provide same- and next-day delivery of its paint products in California, Nevada, Oklahoma, and Texas, aiming to expand this service further. This strategic move is in response to the increasing demand for fast delivery in home building and renovation. The collaboration enhances Kelly-Moore's competitive edge by offering affordable, high-quality paint products quickly, facilitated by Walmart's delivery infrastructure.
Walmart+ has expanded its fuel discount program, offering members savings of up to 10 cents per gallon at over 14,000 fuel stations, including 12,000 Exxon and Mobil locations. This marks a significant increase in the availability of fuel discounts, enhancing member benefits. The service also includes savings at Walmart and Murphy USA stations, along with promotional offers like six months of Spotify Premium and free grocery deliveries. This initiative aims to support customers amid rising fuel prices by providing more accessibility to savings.
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On April 22, 2022, Sam's Club (WMT) and Synchrony (SYF) unveiled a new promotion offering Sam's Club Mastercard holders 5% back in Sam's Cash on electric vehicle (EV) charges, effective May 1. An additional promotion will boost this to 10% in May. With nearly 50,000 charging stations across the U.S., this initiative supports cardholders while promoting environmental sustainability. Sam's Club aims to enhance value for members and strengthen its partnership with Synchrony, reflecting a commitment to both customer satisfaction and sustainability.
Walmart Inc. (NYSE: WMT) released its 2022 Annual Report and Proxy Statement ahead of the virtual Annual Shareholders’ Meeting on June 1, 2022. The report underscores Walmart's financial strength, emphasizing investment in digital services and diversification of revenue streams, including a growing $2.1 billion advertising business. CEO Doug McMillon expressed gratitude for associates' efforts amid ongoing pandemic challenges and outlined a strategic focus on developing local businesses and enhancing customer support through new capabilities. Shareholder voting will be available online.
Sam's Club has announced a significant evolution of its Member's Mark private brand, committing to sustainability and innovation. The brand aims to become a purpose-driven entity, aligning with its parent company, Walmart, in its goal to become a regenerative company by 2025. Over 1,200 items have been launched or revamped since 2020, with a focus on high-quality, sustainable ingredients. A new brand identity, 'Made with Our Member and Planet in Mind,' and an updated logo will roll out over the next 18 months, reflecting this commitment to quality and environmental responsibility.