WMT - Walmart Inc.
| Previous Close | 123.69 |
| Open | 124.24 |
| Bid | 123.90 x 1000 |
| Ask | 124.00 x 900 |
| Day's Range | 121.93 - 124.71 |
| 52 Week Range | 101.40 - 133.38 |
| Volume | 9,772,431 |
| Avg. Volume | 11,318,417 |
| Market Cap | 351.549B |
| Beta (5Y Monthly) | 0.32 |
| PE Ratio (TTM) | 23.90 |
| EPS (TTM) | 5.19 |
| Earnings Date | Aug. 18, 2020 |
| Forward Dividend & Yield | 2.16 (1.75%) |
| Ex-Dividend Date | Aug. 13, 2020 |
| 1y Target Est | 128.56 |
- Motley Fool
Walmart's Low-Cost Approach Wins Again
Walmart's (NYSE: WMT) fiscal first-quarter 2021 (ended April 30, 2020) results were strong, faring better than many other retailers that had to shut down their physical stores. Sure, management admitted that the coronavirus pandemic drove increased demand as people ran out to buy the company's goods. The Walmart U.S. business had a same-store sales (comps) increase of 10% and Sam's Club's comps rose 12%.
- Yahoo Finance
George Floyd protests, looting lead Target to temporarily close and adjust hours at 200 stores
Target takes steps to protect its workers and shoppers during the civil unrest sweeping the United States.
- Yahoo Finance Video
Kontoor Brands President & CEO: Target, Walmart partnerships 'helped to accelerate expansion'
Scott Baxter, Kontoor Brands President & CEO, joins Yahoo Finance's Alexis Christoforous and Brian Sozzi to speak about the company's partnerships with major retailers, its supply chain, the retail industry overall and more.
- Thomson Reuters StreetEvents
Edited Transcript of WMT earnings conference call or presentation 19-May-20 12:00pm GMT
Q1 2021 Walmart Inc Earnings Call
- The Motley Fool
CRA Update: $40.3 Billion in CERB Money Paid… and Rising!
Since the program was rolled out, CERB has paid $40.3 billion. That's good news for companies like Dollarama Inc (TSX:DOL).The post CRA Update: $40.3 Billion in CERB Money Paid… and Rising! appeared first on The Motley Fool Canada.
- Yahoo Finance
Here's what booming dollar store sales say about America right now
Dollar store sales are rocking during the COVID-19 pandemic.
- Motley Fool
3 Ways Dollar General Outperformed Walmart in the First Quarter
Both retailers saw surging sales volumes as social distancing spiked. But Dollar General's business stood out in a few key ways.
- Motley Fool
How Retail Bankruptcies Affect Other Retailers
In this episode of Motley Fool Money, Chris Hill chats with Motley Fool analysts Emily Flippen and Ron Gross about the latest news from Wall Street. They talk about the work-from-home culture and the changes it brings.
- Bloomberg
Google Considers Stake in India’s Vodafone Idea, FT Says
(Bloomberg) -- Follow Bloomberg on LINE messenger for all the business news and analysis you need.Alphabet Inc.’s Google is considering acquiring a stake in Vodafone Group Plc’s struggling Indian business, the Financial Times reported, joining Facebook Inc. in investing in the world’s fastest-growing mobile arena.Google may take a stake of about 5% in Vodafone Idea, a partnership between the U.K. telecom carrier and the Aditya Birla Group, though the deliberations are at a very early state, the FT cited people familiar with the matter as saying.Any deal would come weeks after Facebook paid $5.7 billion for a slice of digital assets controlled by Mukesh Ambani, Asia’s richest man. The deal was a landmark investment followed in successive days by major influxes of capital into India’s tech industry led by private equity firms.Spokespeople from Vodafone and Vodafone Idea declined to comment. Google itself has big ambitions for India, a country with a huge first-time internet user population that serves as a test-bed for innovations in smartphone technology.Facebook’s alliance with Ambani’s Reliance inserted a powerful new competitor into a crowded Indian internet industry already contested by Google, Walmart Inc., Amazon.com Inc. and SoftBank Group Corp.-backed local outfit Paytm. But none of them have the reach of WhatsApp, the nation’s most popular communications platform.India has been a critical component of Google’s Next Billion Users initiative, its attempt to rope in hundreds of millions of users as they come on the internet in emerging markets like India. It’s targeted users in the market for products as varied as train station Wi-Fi, maps and digital payments. Vodafone’s Indian telecom unit is struggling following a $4 billion demand for back fees in addition to more than $14 billion of debt. The wireless operator, formed by the merger of Vodafone Group’s local unit and billionaire Kumar Mangalam Birla’s Idea Cellular Ltd., hasn’t reported a quarterly profit since announcing the deal in 2017, and is headed toward insolvency in the absence of any relief from the government, Birla warned in December.India’s top court recently sided with the government and ordered that the full amount of back fees be paid within three months. When the companies dithered and filed pleas, the Supreme Court threatened to initiate contempt proceedings for non-compliance.(Updated with context throughout, comment from Vodafone)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Motley Fool
Amazon and Walmart Are All Set to Bounce Back in India
Restrictions on sales of non-essential items during the COVID-19 lockdown hurt the two e-commerce giants in India.
- Yahoo Finance
How toilet paper and hand sanitizer may surprisingly save these 3 retailers
Post coronavirus it's all about location. Location, Location.
- Motley Fool
Is Target Stock a Buy?
When it comes to the discussion of major retailers, Target (NYSE: TGT) sometimes becomes an afterthought. Particularly with regard to the COVID-19 pandemic, retail analysts have tended to focus on Target's principal competitors, Walmart, Costco, and Amazon. This probably helped Target stock over the past few months as a run on consumer staples helped to drive revenue increases.
- Motley Fool
Walmart Pushes Into the Used Apparel Market
Walmart (NYSE: WMT) shoppers can now browse pre-owned apparel when they visit the retailer's e-commerce site. "We are absolutely seeing this as an opportunity to support a bigger portion of our customers' closets," a Walmart executive told CNBC. Walmart's e-commerce business was a standout performer in its last quarterly report.
- Motley Fool
Amazon's COVID-19 Spending Could Dwarf Walmart's $900 Million Outlay
Retail giant Walmart (NYSE: WMT) had a fabulous fiscal first quarter, with sales rising 9%, and online sales up 74%. Probably the biggest revelation from Walmart's report, however, was this: Racking up all those sales in the midst of a pandemic cost Walmart $900 million in cash bonuses and pay raises, safety equipment costs, and expenses related to sanitizing and otherwise making its stores safe to shop in. In a recent earnings call, Walmart CFO Brett Biggs said it was a "reasonable assumption" that Walmart would spend another $900 million on COVID-19-related expenses this quarter as well.
- Bloomberg
Americans, It Turns Out, Would Rather Visit a Store Than Buy Food Online
(Bloomberg) -- Bonnie Russolillo is one of millions of Americans forced by the pandemic to buy groceries online. The experience was better than she expected—the broccoli crowns were perfect and she was mostly pleased with the substitutions for out-of-stock items.But here’s the bad news for companies that have spent billions building web supermarkets: Russolillo and shoppers like her prefer to walk the aisles themselves. “If I feel it’s safe, I’d much rather do my own shopping,” says Russolillo, who is 62 and lives on Long Island. “It’s much different than going online and looking at pictures.” Online grocery sales have surged as much as 200% this year, according to Earnest Research, part of a broader boom in home cooking now that thousands of restaurants are closed. The $840 billion grocery industry has been one of the few bright spots amid a pandemic that has infected about 1.7 million Americans, killed almost 100,000 and crushed the economy. Walmart Inc., Amazon.com Inc. and startup Instacart Inc. are all reaping the rewards, and some e-commerce prognosticators say the online grocery industry has finally hit an inflection point promised for decades.But how much of that spending shift will stick is guesswork. It’s difficult to predict lasting behavior changes from a fear-fueled surge—growth peaked more than a month ago. Problems with online food shopping also persist. The operations are expensive to run, and limits on capacity and inventory abound right now with supply chains upended. The shopping experience can be clunky and confusing, especially for older consumers. And one thing the pandemic hasn’t changed is that Americans still like to squeeze their cantaloupes and eyeball their rib-eyes.Russolillo and her husband Ray learned the hard way that ordering produce online is a lot trickier than buying a box of cereal or a bag of dog food. “The picture showed a bunch of bananas. So we ordered what we thought was one bunch of bananas,” Ray says. “The delivery came and we got one banana. Who buys just one banana?”In the pandemic’s early days it seemed as though buying online groceries would become routine—or at least pick up a sizable number of converts. “The customer demand we expected over the next two-to-four years has happened in the last two-to-four weeks,” Instacart Chief Executive Officer Apoorva Mehta said in early April, a time when most Americans were under strict stay-at-home orders. Visits to Walmart’s online grocery site that month soared more than fourfold, according to data tracker SimilarWeb, fueling the retailer’s fastest quarterly sales growth in almost 20 years. But even in cities hardest hit by the pandemic, more than 7 in 10 people have continued to visit stores for groceries and other essentials, according to surveys by the consulting firm McKinsey & Co. In states with more relaxed restrictions, the figure is more than 8 in 10. Over one-third of shoppers say they’ll decrease their use of web groceries or stop ordering food online altogether when shelter-in-place restrictions ease in their area, according to a survey conducted for Bloomberg by CivicScience.“We’ve already hit the high water mark and people are getting back to some normal habits,” says Kurt Jetta, founder of research firm TABS Analytics, who has been studying the grocery industry for 25 years. “People really like going to the grocery store.”Consider Stacy Yore in Boca Raton, Florida. To call her a discerning grocery shopper would be an understatement. She likes her bananas on the small side with just a touch of green. She knows marbling enhances steak’s flavor, but prefers to pick out a lean cut herself for health reasons. And grapes, don’t get Yore started: “They have to be a particular shade of yellowish green. If they’re just green they’re sour but if they’re yellowish green they’re ripe and sweet and delicious.”“The delivery came and we got one banana. Who buys just one banana?”Despite the pandemic and the needs of her aging mother, she still goes to the store because she doesn’t trust Amazon, Instacart or Walmart to get it right. “If someone brought me something that wasn’t ripe I would not be happy,” Yore says.She’s not alone. Among those who use online grocery pickup services, only half include produce in their orders primarily due to concerns over quality, according to Field Agent, an industry researcher. Fresh food is the thing that consumers are most likely to buy in physical stores exclusively once the pandemic subsides, according to research from Evercore ISI. Items like bottled water, pet food and other bulky, non-perishable household staples have better prospects online, due to the hassle of lugging them out of stores.Groceries are a critical battleground in the retail wars. Walmart started out selling only general merchandise but embraced groceries to lure shoppers into its stores regularly. Amazon has pushed into grocery over the past decade as a way to reach the delivery frequency needed to offset the billions it spends on shipping.The pandemic poured rocket fuel on grocery delivery as stores curtailed hours and customer counts, and who cares when the truck shows up if we’re home all day? Even the founder of notorious dot-com flame-out Webvan is now back for another stab at the business.Limited demand and the high cost of last-mile delivery serve as the main obstacles for successful online grocery ventures. It works in densely populated cities like New York because couriers there can make multiple deliveries per hour. The suburbs are much trickier, and volume is key to bringing the costs down.Walmart, the nation’s biggest grocer, has largely avoided the unfavorable economics of home delivery by focusing on curbside pickup, now available at more than 3,600 of its 4,750 U.S. stores. The free service appeals to suburban and rural consumers because they can schedule it when convenient, rather than being beholden to a random delivery window.Despite Amazon’s dominance in e-commerce, fresh food is the one area where Walmart maintains a clear edge over its rival. More than half of purchases made on Walmart’s website were groceries in the first quarter, according to researcher M Science, up from 38% at the end of last year. Indeed, Walmart has been so successful with groceries that profit margins have suffered, so the company recently merged its food-shopping app with the main app so customers can put a few higher-margin non-food items in their carts next to the bananas and bread.As retailers jostle, the next few months will be critical in assessing the lasting effects of the pandemic on shopping habits. Recent data is muddied by the stockpiling of late March and early April, as well as government stimulus checks that buttressed consumer spending as millions of jobs evaporated. Signs of strain are emerging: Shoppers used credit cards to pay for 46% of grocery transactions in April, up from 27% in December, suggesting people have less money to pay for basic needs, says Ted Rossman, an analyst at Bankrate.com.The key question is the same as when Webvan went bust 20 years ago: Will there be sufficient demand to justify the costs?“What drove the rapid increase in online grocery’s penetration? It was fear—fear of catching the virus,” says David Bishop, a partner at retail sales and marketing firm Brick Meets Click. “Anyone who is rooting for online to stay at this rate, unfortunately, is rooting for the virus.” For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- TechCrunch
Walmart partners with fashion consignment marketplace thredUP
Walmart is continuing its foray into fashion e-commerce, announcing a strategic partnership with fashion resale marketplace thredUP to list a large number of items on Walmart’s digital storefront. With this partnership over 750,000 items from thredUP will be available on walmart.com/thredup, starting today.
- Bloomberg
Ambani Prepares Facebook-Backed Unit for Overseas IPO
(Bloomberg) -- Reliance Industries Ltd. is working with banks on early preparations for an overseas listing of its digital and wireless business, people with knowledge of the matter said, after the unit attracted more than $10 billion of investment in a month.The conglomerate backed by Mukesh Ambani, Asia’s richest man, is preparing Jio Platforms Ltd. for an initial public offering outside of India, the people said. The offering could happen in the next 12 to 24 months and the company hasn’t decided on a listing venue, one of the people said. There’s also no final decision on timeline and size, according to the people, who asked not to be identified as the discussions are private.KKR & Co. last week became the latest investor piling into Jio Platforms after Ambani sealed deals with Facebook Inc., Silver Lake Partners and General Atlantic recently. An overseas listing could potentially give the digital business a higher valuation and allow existing investors to exit, the people said.Read: Asia’s Richest Man Lures $10 Billion of Investment in WeeksA representative for Reliance Industries declined to comment.Jio Platforms combines Reliance’s digital assets with its wireless carrier, Reliance Jio Infocomm Ltd., into a holding company aimed at becoming a top e-commerce and payments operator in India’s vast consumer market.Investors are betting on Jio’s access to India’s huge consumer market, and its potential to shake up traditional industries in the country -- from retail to education and payments -- with its technology. India is the only major open Internet market where foreign technology giants such as Amazon.com Inc., Walmart Inc. and Google’s parent Alphabet Inc. can compete for market share.Started in 2016, Reliance Jio is now India’s largest wireless carrier. The operator stormed past rivals by building a nationwide 4G network, then offering free calling and data services at prices established competitors with older networks could not match without losing money. Ambani was weighing an IPO of Reliance Jio three years ago after a $31 billion investment spree, Bloomberg News reported in 2017.Shares of Reliance Industries have fallen about 5% this year, giving the conglomerate a market value of about $120 billion.(Updates to add Reliance’s share performance in the last paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Reuters
China's Dada Nexus to kick off $500 million U.S. IPO this week -sources
Chinese delivery firm Dada Nexus Ltd will launch the investor roadshow for its U.S. initial public offering as early as Wednesday, according to people familiar with the matter, braving U.S.-China tensions over Chinese companies pursuing their stock market debut in New York. The U.S. Senate passed legislation last week that could prevent some Chinese companies from listing on U.S. exchanges unless they follow standards for U.S. audits and regulations. Nasdaq Inc also tightened listing restrictions for companies from China and other countries.
- Yahoo Finance
Target CEO: We want to be the safest place to shop in America
Don't expect safety measures will fall by the wayside at Target once life gets back to some form of normal after the COVID-19 pandemic. Here's what Target's chairman and CEO Brian Cornell told Yahoo Finance.
- Yahoo Finance
Target CEO: 'America was back in our stores shopping' after stimulus checks
Target Chairman and CEO Brian Cornell weighs in on the state of the retailer amidst the coronavirus pandemic in a Yahoo Finance interview.
ReutersFOCUS-Fears of coronavirus second wave prompt flu push at U.S. pharmacies, drugmakers
U.S. pharmacy chains are preparing a big push for flu vaccinations when the season kicks off in October, hoping to curb tens of thousands of serious cases that could coincide with a second wave of coronavirus infections. CVS Health Corp, one of the largest U.S. pharmacies, said it is working to ensure it has vaccine doses available for an anticipated surge in customers seeking shots to protect against seasonal influenza. Rival chain Rite Aid Corp has ordered 40 percent more vaccine doses to meet the expected demand.
- Motley Fool
3 Dividend Stocks Ideal for Retirees
Dividend stocks are a great option for a retirement account since you're earning income simply for holding shares. The coronavirus pandemic caused many companies to cut or cancel dividends. While other businesses saw substantial revenue declines from the current economic slowdown, there were at least three that delivered revenue and dividend increases in these tough economic times.
- Yahoo Finance
Why the stock market is outperforming the economy: Morning Brief
Top news and what to watch in the markets on Tuesday, May 26, 2020.
- Zacks
KR vs. WMT: Which Stock Should Value Investors Buy Now?
KR vs. WMT: Which Stock Is the Better Value Option?
- Motley Fool
2 Dividend Stocks You Can Safely Hold for Decades
While it's not the end-all indicator of a company's staying power, a company that has consistently raised its dividend for decades is likely one that possesses a durable competitive advantage that allows it to grow its revenue and profits over time. Here are two stocks that have delivered a good balance of capital appreciation and rising dividend payments for more than 25 years. Walmart (NYSE: WMT) currently pays a dividend yield of 1.72%.
