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Walmart Pilots Solution That Keeps Produce Fresh During Transport
PYMNTS.com· 2025-02-10 20:15
Walmart is working with Indian AgriTech startup GreenPod Labs to pilot a solution that aims to keep produce fresh during as it moves through the supply chain.The solution may enable the retailer to source fresh produce from new countries of origin, Kyle Carlyle, vice president, sourcing and surety of supply at Walmart, wrote in a Monday (Feb. 10) blog post.“All this serves a greater goal: augmenting the supply chain and creating more sustainable alternatives for customers everywhere,” Carlyle wrote.GreenPod ...
Walmart Grocery Market Share to Increase with Rising Demand for Digital Shopping and Value-Oriented Options
GlobeNewswire News Room· 2025-02-10 14:41
Dublin, Feb. 10, 2025 (GLOBE NEWSWIRE) -- The "Walmart Grocery Shopper: Consumer Insights and Competitive Strategies" report has been added to ResearchAndMarkets.com's offering. This report delves into consumer insights of Walmart shoppers, focusing on demographics, perceptions, motivations, and behaviors related to dietary and shopping choices. It also explores the current retail grocery market landscape, Walmart's sales trends, as well as competitive strategies. The report covers Walmart's US sales trend ...
Walmart Acquires Mall Outside Pittsburgh For $34 Million To Redevelop
Forbes· 2025-02-08 12:55
Exterior of the retail giant Walmart's Home office in Bentonville, ArkansasgettyWalmart just went shopping and came back with the Monroeville Mall about 20 miles east of Pittsburgh, according to the Pittsburgh Post-Gazette. CBL Properties sold the property at a bargain price of $34 million. It spans nearly 200 acres, an enclosed mall totaling over one million square feet and a stand-alone Annex and District shopping center.Walmart spokesperson Mark Rickel shared with me that it’s too early in the process to ...
Walmart (WMT) Boasts Earnings & Price Momentum: Should You Buy?
ZACKS· 2025-02-07 15:31
Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. All of the features can help you identify what stocks to buy, what to sell, and what ...
The Zacks Analyst Blog Walmart, Visa, AbbVie and AstroNova
ZACKS· 2025-02-07 07:37
Core Insights - The article discusses the ongoing Q4 earnings season, highlighting the performance of major companies including Walmart, Visa, AbbVie, and AstroNova, along with a scorecard of earnings results and analyst reports [2][5][6]. Earnings Season Overview - As of now, 293 S&P 500 members have reported Q4 results, representing 58.6% of the index [5]. - Total earnings for these companies have increased by 11.8% year-over-year, with revenues up by 5.6% [6]. - 77.5% of these companies have beaten EPS estimates, while 65.2% have surpassed revenue estimates [6]. - The overall earnings growth rate is expected to reach 12.3% with a 5.4% increase in revenues when including estimates from companies yet to report [7]. Company-Specific Highlights Walmart Inc. (WMT) - Walmart shares have outperformed the Zacks Retail - Supermarkets industry over the past year, with a growth of 83.6% compared to 80.9% for the industry [9]. - The company benefits from a diverse business model and a strong omnichannel strategy, which has increased traffic across both physical and digital platforms [9][10]. - Despite raising its fiscal 2025 guidance, Walmart faces challenges from adverse currency movements and margin pressures due to shifts in product mix [11]. Visa Inc. (V) - Visa shares have outperformed the Zacks Financial Transaction Services industry, with a growth of 26.1% compared to 20.4% for the industry [12]. - The company reported fiscal first-quarter earnings that exceeded estimates by 3.4%, driven by strategic acquisitions and a shift towards digital payments [12][13]. - However, Visa is facing elevated operating expenses and volatility in cash volume from the Asia Pacific and U.S. regions [14]. AbbVie Inc. (ABBV) - AbbVie shares have outperformed the Zacks Large Cap Pharmaceuticals industry, with a growth of 13.3% compared to a decline of 0.6% for the industry [15]. - The company successfully beat Q4 estimates for both earnings and sales, navigating the loss of exclusivity for Humira by launching new immunology medicines [15][16]. - AbbVie anticipates a return to robust revenue growth in 2025, although it faces near-term challenges from biosimilar erosion and competitive pressures [16]. AstroNova, Inc. (ALOT) - AstroNova shares have underperformed the Zacks Technology Services industry, declining by 33.9% compared to an 80.9% increase for the industry [17]. - The company is experiencing margin compression and liquidity pressures, along with delayed revenue realization from postponed shipments [17]. - Despite these challenges, AstroNova's aerospace segment is growing, with T&M revenues up 22.3% year-over-year, driven by demand for flight deck printers [18][19].
Amazon set to pass Walmart in revenue for first time
CNBC· 2025-02-06 13:00
Group 1 - Amazon is expected to report revenue of $187 billion, while Walmart is projected to announce sales of $180 billion, marking a significant shift in revenue leadership [3] - Walmart has maintained over $600 billion in annual sales for the past two years, with projections for the latest fiscal year reaching nearly $681 billion [4] - Amazon's full year revenue for 2024 is estimated to be around $638 billion, surpassing the $600 billion milestone for the first time [4] Group 2 - Amazon's growth is significantly attributed to its cloud business, Amazon Web Services (AWS), which has more than doubled in revenue since 2020 and now accounts for about 17% of total sales [5] - The Covid pandemic has dramatically changed consumer behavior, leading to over 100% increase in Amazon's annual North America sales since 2019 [5] - Very few companies have reached $100 billion in revenue in a quarter, with Amazon and Walmart being among them, alongside Apple and UnitedHealth [6]
Amazon and Walmart Focus on Revamping Malls
PYMNTS.com· 2025-02-06 00:06
Walmart is expanding its real estate portfolio with a major acquisition.The retail giant has purchased Monroeville Mall near Pittsburgh for $34 million and plans to redevelop the site. The project will focus on retail and mixed-use development, with new dining options and possibly residential units.The Monroeville Mall spans 985,073 square feet and features 133 stores, such as Dick’s Sporting Goods, Macy’s, Best Buy, Barnes & Noble, Forever 21, Victoria’s Secret, and JCPenney. The 185,517-square-foot Annex ...
Walmart Cutting Hundreds of Jobs and Shifting Workers to HQ
PYMNTS.com· 2025-02-05 12:04
Walmart is reportedly eliminating hundreds of positions as it moves employees to its main hubs.The job cuts coincide with the closure of one of the retail giant’s offices in North Carolina, FOX Business reported Tuesday (Feb. 4), citing an internal memo sent to employees.In that memo, the report said, Walmart Chief People Officer Donna Morris said the company is reducing roles and asking office-based employees in Hoboken and some of its smaller offices to move to the company’s new headquarters in Bentonvill ...
Walmart axing hundreds of jobs, closing offices as more white-collar workers asked to relocate
New York Post· 2025-02-05 00:31
Exclusive: Walmart – the nation’s largest private employer – is eliminating hundreds of roles and closing one of its North Carolina offices as it continues to pull workers back to its main hubs in California and Arkansas, according to an internal memo seen by FOX Business on Tuesday.Walmart Chief People Officer Donna Morris said in the memo sent to employees that the company is cutting roles and asking office-based employees in Hoboken, NJ, and some of its smaller offices to relocate to the company’s newly ...
Walmart to cut jobs, relocate some employees to main hubs
Fox Business· 2025-02-04 22:29
Exclusive: Walmart – the nation's largest private employer – is eliminating hundreds of roles and closing one of its North Carolina offices as it continues to pull workers back to its main hubs in California and Arkansas, according to an internal memo seen by FOX Business on Tuesday. Walmart Chief People Officer Donna Morris said in the memo sent to employees that the company is cutting roles and asking office-based employees in Hoboken and some of its smaller offices to relocate to the company’s newly open ...