According to a report from CNBC, citing an internal employee memo, the company is overhauling the way it operates its stores to improve experience and win back customers who had complaints about its operations.
The company has reportedly entered a licensing agreement with Pairwise, an agricultural gene editing firm to speed up the development of hardier cocoa crops.
Walmart reported Q1 sales growth of 2.5%, below estimated $165.88B. EPS of 61 cents beat estimated 58 cents. Global eCommerce sales grew 22%. In Q2, sales expected to grow 3.5-4.5% and for FY26, adjusted EPS outlook is $2.50-$2.60.
Walmart recently reported better-than-expected fourth-quarter fiscal 2025 results. The mega-retailer’s outlook was disappointing, however. Here is a brief review of ETFs that could be used to buy the dip in the company.
JP Morgan raised the price target of Costco (COST) to $1,090, citing strong November sales. Analysts believe COST has a unique value proposition and potential for global growth.
Alice Walton, heiress of Walmart, is once again the world's richest woman with a net worth of $89.1B, overtaking Francoise Bettencourt Meyers at $88.4B.
Walmart is set to launch an instant pay-by-bank feature in 2025, enhancing transaction speed, and is gearing up for the holiday season with new initiatives.
