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The Latest Breaking News from John David Rainey

Walmart's shopper surge last quarter should boost retailer's profits for the rest of the year

On its latest earnings call, Walmart beat expectations and raised its guidance for the rest of the year.

Fortune

Analyst reassesses Walmart stock price target after meeting with CFO

Here's what could happen next to Walmart shares.

The Street

Walmart is becoming the new Amazon as customers make smaller, but frequent purchases: 'That’s a trend that's not going to reverse,' CFO says

CFO John David Rainey said Wednesday that Walmart+ customers, on average, spend twice as much on online orders as the retailer’s other shoppers.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Should a CFO switch industries? For these Fortune 500 finance chiefs, a new sector provided a career boost

Most CFOs have more options than they think, according to an expert.

Fortune

Analysts revise Walmart stock price targets after earnings

Here's what could happen next to Walmart shares.

The Street

Walmart Profits Rise On Strong Sales From Wealthier Shoppers

Walmart reported higher profits Thursday behind solid gains at US stores as the retail giant pointed to increased purchases by wealthier shoppers and improving e-commerce sales.

International Business Times

Walmart makes a key cut in battle with Amazon, Costco, and Target

The retail giant has found a new way to better compete with Amazon, Target, and Kroger.

The Street

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Analysts update Walmart stock price target after earnings

This is what could happen to Walmart shares next.

The Street

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

Walmart's CFO says 3 economic factors could be squeezing consumer spending

Walmart reported a strong quarter. But in late October, shoppers slowed purchases, in contrast to spending patterns earlier in the quarter.

Fortune

Walmart warns of a more cautious consumer ahead of the holiday shopping season

Walmart warns of a more cautious consumer as the all important holiday shopping season kicks off.

The Street

Walmart sounds an economic warning right before Christmas

The superstore isn't mincing words ahead of what could be a busy holiday season.

The Street

Just 8% of CFOs strongly believe a recession is coming in the next six months

Companies in the U.S. are shifting from defense to offense, according to PwC.

Fortune

Walmart keeps gaining high-end customers. And the CFO explains why

For the quarter, Walmart's total revenue grew by 5.7% to $161.6 billion, and operation income grew 6.7%.

Fortune

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The Street

Walmart Has Stumbled on a Great New Way to Make More Money

Don’t look now, but the well-heeled are winding up at Walmart.

Tribune News Service

Walmart bets on warehouse robots, dangles profit potential

Walmart Inc. is betting on greater supply-chain automation and hinting that a recent investment binge might lift profit beyond the retailer’s stated long-term goals.

The Street

Walmart Has Bad News for Cash-Strapped Customers

The retail giant had some sobering news for shoppers hoping for a break.

Tribune News Service

Walmart tops estimates but issues cautious annual outlook

Walmart Inc. turned in another blowout quarter as more shoppers sought out its low prices, but the retailer offered a cautious outlook for the current fiscal year because of rising economic uncertainty.

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AFP

Walmart, Home Depot cautious on 2023 as inflation bites

New York (AFP) - Walmart reported better profits than expected for the critical holiday-season quarter Tuesday, but offered a cautious outlook on the year ahead as inflation squeezes consumers.

Al Jazeera

Walmart earnings boosted as discounts draw inflation-hit shoppers

The mega-retailer’s inventory grew by 25 percent at the end of the second quarter from a year earlier to $59.9bn.

People

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