Walmart Stock Price, News & Analysis

Walmart Inc. (NYSE: WMT) announced that John Furner, its President and CEO, will participate in the Bank of America 2021 Consumer & Retail Technology Conference on March 11 at 11:30 a.m. EST. The event will be streamed live via the company's website, with an archived transcript available afterward. Walmart, which had a revenue of $559 billion in fiscal year 2021, operates around 10,500 stores globally and serves approximately 220 million customers weekly. The company is also noted for its commitment to sustainability and corporate philanthropy.

Walmart has pledged to invest $350 billion in U.S. manufacturing over the next decade to create over 750,000 new American jobs. This expansion builds on their previous commitment of $250 billion made in 2013. Key areas of focus include textiles, plastics, and food processing. The initiative aims to reduce 100 million metric tons of CO2 emissions and foster sustainable manufacturing practices through the new "American Lighthouses" concept, uniting various stakeholders. The announcement has received bipartisan support from local officials.

Walmart is enhancing its Express delivery service by removing the $35 minimum order requirement, effective immediately. This change aims to facilitate faster access to essential items for customers. Express delivery, available in nearly 3,000 stores and covering almost 70% of the U.S. population, charges a fee of $10 in addition to existing delivery costs. The service, supported by a team of 170,000 trained personal shoppers, allows customers to quickly obtain items such as groceries and household goods without price markups.

Walmart is launching community events to improve COVID-19 vaccination rates, supported by the CDC. This initiative expands Walmart's existing vaccination efforts at over 1,400 pharmacies in 35 states and Puerto Rico. Events will be held at 43 locations across 18 states, targeting medically underserved areas. Key partners include local nonprofits, such as Casa del Inmigrante in Nevada. Walmart aims to enhance accessibility and equitable distribution of vaccines, focusing on communities in need. Eligible customers can book appointments online as vaccine supply permits.

Walmart (NYSE: WMT) has announced that CFO Brett Biggs will speak at the virtual Raymond James 42nd Annual Institutional Investors Conference on March 2 at 11:40 a.m. EST and at the UBS Global Consumer and Retail Virtual Conference on March 10 at 10 a.m. EST. Both sessions will be broadcast live via the company's website, where attendees can also access transcripts afterward. Walmart continues to lead in retail with $559 billion in revenue for fiscal year 2021, serving nearly 230 million customers weekly across 10,800 stores in 25 countries.

Walmart and Sam's Club are committing up to $1 million in cash and product donations to aid recovery efforts in Texas, Tennessee, Louisiana, and Mississippi, following severe storms and power outages. The funds will support Feeding Texas and local food banks that are struggling to meet the needs of those affected. Since FY2017, Walmart and the Walmart Foundation have donated over $58 million for disaster relief. The company is actively tracking winter weather and has deployed emergency teams to assist associates and ensure product availability in stores.

The Board of Directors of Walmart has approved an annual cash dividend of $2.20 per share for fiscal year 2022, marking a 2% increase from the previous year's $2.16. This dividend will be paid in four quarterly installments of $0.55 each. Key record and payable dates include: March 19 (payable April 5), May 7 (payable June 1), August 13 (payable September 7), and December 10 (payable January 3, 2022). Walmart continues to emphasize its commitment to returning cash to shareholders, having increased its annual dividend for 48 consecutive years.

Walmart Inc. (NYSE: WMT) reported strong Q4 performance with U.S. comp sales up 8.6% and eCommerce sales soaring 69%. Despite a GAAP EPS loss of ($0.74) due to a $1.1 billion COVID-related expense and property tax relief repayment, adjusted EPS stood at $1.39. The company plans to invest nearly $14 billion in FY22 for supply chain enhancements and automation. Walmart's dividend was raised for the 48th consecutive year, alongside a new $20 billion share repurchase program, though net sales and EPS are expected to decline due to divestitures.

Walmart and Sam's Club pharmacies will start administering COVID-19 vaccines on February 12, 2021, as part of the U.S. Federal Retail Pharmacy Program. Over 1,000 locations in 22 states are involved, focusing on underserved communities. Walmart is also assisting with vaccinations in 11 additional states and Puerto Rico. With 150 million customers weekly, the pharmacies aim to enhance vaccine access. Walmart will act as the sole pharmacy partner in certain states. Vaccine supply will vary, and appointments can be scheduled online. Walmart is committed to expanding vaccination accessibility.