Walmart Stock Price, News & Analysis

Walmart aims to become a regenerative company powered by 100% renewable energy by 2035, partnering with ENGIE North America to operationalize over 500 MW of renewable energy across Texas, South Dakota, and Oklahoma. This initiative is expected to power over 240,000 homes and reduce greenhouse gas emissions by 1.3 million metric tons annually. Walmart, recognized for its renewable energy procurement, has also increased its solar energy use significantly. The company supports local economies through job creation and aims to engage suppliers in sustainability efforts via the Project Gigaton initiative.

Walmart (NYSE: WMT) released its 2021 Annual Report and Proxy Statement ahead of the virtual Annual Shareholders' Meeting on June 2, 2021. The report highlights Walmart's resilience during the pandemic, noting a fiscal year 2021 revenue of $559 billion and significant investments in associates, including $1.6 billion in bonuses. The company aims to enhance its digital experience and diversity in the workforce while tackling societal challenges. Shareholders can vote on 12 director nominees and several proposals during the meeting, which will be fully virtual due to COVID-19.

Walmart has announced the addition of the BinaxNOW COVID-19 Antigen Self Test to their product offerings, available for $19.88. This test kit includes two tests and provides results in just 15 minutes. Currently, Walmart administers COVID-19 vaccines at over 5,100 locations and operates more than 500 testing sites nationwide. These efforts are part of Walmart's commitment to improving community health during the pandemic. The BinaxNOW test is authorized by the FDA under emergency use but has not been fully cleared.

Walmart Inc. (NYSE: WMT) will hold its Annual Shareholders’ Meeting virtually on June 2, 2021, at 10:30 a.m. CDT, due to the COVID-19 pandemic. Shareholders can vote electronically before and during the meeting. The record date for voter eligibility is April 9, 2021. Walmart has canceled its traditional Associate Celebration at Bud Walton Arena but will host a virtual celebration on June 4. The company reported fiscal year 2021 revenue of $559 billion and employs over 2.3 million associates worldwide.

Walmart Inc. (NYSE: WMT) announces that Kathleen McLaughlin, executive vice president and chief sustainability officer, will speak at the Cowen 2nd Annual Consumer Platforms for the Next Generation Summit on April 6 at 11:20 a.m. EDT. This session will be available via live webcast on Walmart's investor relations site, with a transcript to be archived afterward. Walmart operates about 10,500 stores across 24 countries and serves approximately 220 million customers weekly, showcasing its leadership in sustainability and corporate responsibility.

The application process for Walmart's eighth annual Open Call is now open, inviting entrepreneurs to pitch products made in the U.S. for a chance to meet with buyers on June 30, 2021. The deadline to apply is April 30. This event aligns with Walmart's commitment to spend an additional $350 billion on U.S.-made products, potentially creating over 750,000 jobs. Participants can secure opportunities ranging from local market promotions to distribution across thousands of stores and online.

Walmart is enhancing digital health access for customers by offering a secure way to retrieve COVID-19 vaccine records. Using the SMART Health Cards standard, Walmart allows individuals vaccinated at its locations to access and share their vaccination status through apps like Health Pass by CLEAR and TCP’s CommonHealth. This initiative aims to empower people with control over their health data while facilitating safer participation in activities. The program aligns with Walmart’s commitment to quality healthcare and supports a smooth transition back to normal life post-pandemic.

Walmart has partnered with acclaimed fashion designer Brandon Maxwell as Creative Director for its exclusive fashion brands, Free Assembly and Scoop. This collaboration marks a significant move in Walmart's private brand apparel strategy, enhancing its offerings with stylish and affordable clothing options. Maxwell will oversee four seasonal collections annually and aims to make high-quality fashion accessible to all. Additionally, he has designed exclusive face masks, with Walmart donating $100,000 to DonorsChoose.org to support public school teachers.