The Integrity, Notification, and Fairness in Online Retail Marketplaces for Consumers Act, or INFORM Act, has been signed into law and will take effect in June. The INFORM Act, along with two additional bills, one each in the United States Senate and House of...
Walmart reported its fourth-quarter results beat Wall Street estimates as the company adjusted to economic conditions and won market share while preparing to modify operations further with additional emphasis on home and apparel categories. Walmart net income was...
Walmart’s third quarter net earnings took a hit because of equity investment charges related to JD.com and an opioid lawsuit settlement, but adjusted earnings per share and revenues beat Wall Street estimates. Consolidated net loss was $1.8 billion, or 66 cents per...
Walmart put up solid numbers in its second quarter after moves to cut costs and shift emphasis as consumer spending patterns changed under the influence of inflation. Walmart net income was $5.15 billion, or $1.88 per diluted share, versus $4.28 billion, or $1.52 per...
In a business update, Walmart provided a revised outlook for the fiscal second quarter and full year as it takes pricing actions to improve inventory levels at Walmart and Sam’s Club stores in the United States. The company expects comparable sales for Walmart U.S.,...
