by Peter Giannetti | Mar 9, 2022 | Featured News, Retail Articles
“The business model is changing: I think that’s the headline,” Doug McMillion, Walmart CEO, said during the company’s fourth-quarter conference call. Walmart is shifting its resources to create and expand new revenue streams while making itself more competitive in a...
by Mike Duff | Feb 17, 2022 | Retail Articles
Walmart enjoyed a stellar fourth-quarter beating Wall Street on earnings as comparable sales made significant gains. In the fourth quarter, company net income was $3.56 billion, or $1.28 per diluted share, versus a net loss of $2.09 billion, or 74 cents per diluted...
by Mike Duff | Nov 30, 2021 | Retail Articles
Longtime Walmart CFO Brett Biggs is leaving the company, which said it would begin a search to fill his role. Walmart said Biggs, who has been with the company for 22 years and acted as executive vice president and CFO since 2015, will pursue new opportunities in the...
by Mike Duff | Nov 30, 2021 | Featured News, Retail Articles
Leaders from several major retailers met with President Joseph Biden as part of a roundtable where they discussed steps taken to overcome supply chain bottlenecks and to meet consumer demand during the holiday season. Retail executives attending were Doug McMillon,...
by Mike Duff | Nov 16, 2021 | Featured News, Retail Articles
Even with COVID-19 lingering and related marketplace challenges affecting operations, Walmart enjoyed a strong third quarter that saw it build momentum, president and CEO Doug McMillion declared. For the quarter, Walmart posted a company net income of $3.11 billion,...
