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The Latest Breaking News from Doug McMillon

Walmart stock surges to record on updated earnings and outlook

Walmart shares are set to open at a fresh all-time high Thursday following its first-quarter earnings report.

The Street

Doug McMillon Unloaded Walmart Trucks For $6.50/Hour In 1984, Now He's The CEO

After decades of working his way up the ranks of the American retailer, the Walmart CEO now earns a salary worth over $25 million a year.

International Business Times UK

Walmart has very good news for customers on a budget

The retail superstore reigns supreme in several key categories, and recent data reveals why.

The Street

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Walmart joins Costco in sharing key pricing news

Both Walmart and Costco have said something some customers won’t want to hear.

The Street

Walmart makes a big move to improve hundreds of stores

The retail giant has a plan that's going to shake up its brick-and-mortar locations.

The Street

Walmart Says It Will Buy TV Maker Vizio For $2.3 Bn

Walmart announced Tuesday it will buy smart television maker Vizio for $2.3 billion, boosting the retail giant's advertising venture as growth slows in its legacy business from the pandemic boom.

International Business Times

Walmart customers behaving so strangely it's making bosses ‘sit up in their chairs’

Walmart CFO John David Rainey said the spending for the last two weeks of October was particularly "puzzling" when compared to prior months.

Fortune

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IKEA stores owner to spend $1.1 billion on price cuts next year in deflation boon

Ingka Group's Deputy CEO said people were buying more storage solutions because high house prices had kept them in small spaces.

Fortune

Walmart (WMT) Pre- Earnings Under the Microscope: Buy or Sell?

Walmart (WMT) topped analysts’ expectations for sales and earnings in the last reported quarter. The retailer lifted its guidance for the full fiscal year 2024 to reflect its second-quarter upside and confidence in continued business momentum. Amid this, let’s determine if WMT is a buy or sell before its third-quarter…

StockNews.com

Walmart International CEO Kath McLay says her first weeks were like 'drinking from a firehose'

The former Sam's Club chief has picked up the baton from ex-Walmart International leader Judith McKenna.

Fortune

Walmart's former top-ranking woman reflects on her rise to the C-suite

Judith McKenna, former Walmart U.S. CEO, was long viewed as a front-runner to replace Walmart Inc. CEO Doug McMillon.

Fortune

This Dow Stock is Still a Great Buy Near 52-Week Highs

Walmart stock has continued to thrive amid questionable economic conditions. Expect more of the same.

Barchart

Unpacking Walmart (WMT) – Buy or Hold Decision This Week?

With technological advancements and unyielding demand for everyday essentials, the grocery industry is poised to maintain a favorable spot. Retail giant Walmart Inc. (WMT) looks well-positioned to capitalize on the upcoming holiday season. Should investors buy or hold the grocery stock this week in such a scenario? Keep reading to…

StockNews.com

Walmart CEO says pricier groceries are here to stay

CEO Doug McMillon shared both good and bad news at a recent retail conference.

The Street

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Fortune

Retail theft has gotten so bad Walmart will build a police station inside an Atlanta store

Crime is a $100 billion annual problem for retailers, with companies like Walmart warning it could lead to store closures if nothing is done.

The Street

Forget boycotts: Target, like Walmart, has a theft problem

The retail giants have more problems than conservative shoppers being upset over the sale of Pride merchandise.

Kiplinger

Walmart Shoppers Turn Out To Drive Up Quarterly Results

People using Walmart pickup and delivery services gave a big boost to online sales.

The Street

Walmart earnings smash forecasts as low prices reel in consumers

Walmart attracted shoppers with lower-priced items, in contrast to rival Target, posted stronger-than-expected Q2 earnings and lifted its full-year profit forecast.

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news in one place.

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The Street

Walmart CEO shares an inflation warning for customers

The retail giant's CEO shared some news that shoppers should pay attention to (even if they shop at Target, Costco, or Kroger).

The Street

Walmart Copies One of Costco's Most-Popular Features

The giant retailer is giving its customers something that the membership-based warehouse club has made a core part of its shopping experience.

Daily Mirror

Major grocery chain closing down popular store location in heartbreaking note to shoppers

Midwest grocery giant Hy-Vee announced the closure of its North Ottumwa, Iowa, location in a heartbreaking statement sent to employees and customers alike

The Street

Walmart Earnings Top Forecast With Grocery Sales Driving Gains; Stock Jumps

"We leveraged expenses, expanded operating margin, and grew profit ahead of sales," said CEO Doug McMillon.

Daily Mirror

Walmart issues warning over self-checkout theft as it plans new technology to crack down

Walmart US CEO Doug McMillon insisted stores were facing a stealing problem, saying: "Theft is an issue. It's higher than what it has historically been"

Chicago Sun-Times

Walmart closures show that small business, not big box stores, are the answer for food deserts

Business experts designed a project that helped hundreds of small Mexico City businesses thrive. A similar effort to help mom-and-pop businesses in Chicago’s low-income Black and Latino neighborhoods might well have the same impact.

Daily Mirror

Major change to Walmart stores expected - leaving customers unimpressed

Supermarket giant Walmart has confirmed 65 per cent of its stores will be automated within the next three years. The company said the move would reduce the need for lower-paid roles

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