Walmart reported sales of general merchandise, including home products, propelled a strong third quarter and market share gains for the company, which topped Wall Street sales and earnings estimates for the quarter. Walmart net earnings were $4.58 billion, or 57 cents...
Walmart corporate leadership recently appeared at a pair of annual analyst meetings and provided a fresh perspective on recent activity and the direction of the Walmart and Sam’s Club businesses. The executives outlined a plan to boost general merchandise, including...
Walmart, in kicking off its two-day 2023 investment community meeting, stated that it is investing to develop an unparalleled next-generation supply chain network of stores, clubs and fulfillment centers and driving future global growth opportunities across its...
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 has named John Rainey executive vp and CFO, noting that he will assume his new responsibilities on June 6. Rainey was executive vp, global customer operations, and CFO at PayPal where he currently serves as the company’s CFO and executive vp, global customer...
