Walmart Stock Price, News & Analysis

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.

Walmart and Sam's Club have achieved a significant milestone in their COVID-19 vaccination efforts, making immunizations available at over 5,100 pharmacy locations across 49 states, Puerto Rico, and Washington, D.C. Both walk-up and pre-scheduled appointments are now offered, enhancing convenience for customers. In addition, Walmart is launching a 'Get Out The Vaccine' campaign to combat vaccine hesitancy, providing educational resources and mobile clinics. The initiative aims to reach underserved communities and promote vaccination as critical to reopening and ending the pandemic.

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.