US9311421039 - Common Stock - After market: 143.25 -0.05 (-0.03%)
NYSE:WMT (1/27/2023, 7:04:00 PM)+1.09 (+0.77%)
|GICS Sector||Consumer Staples|
|GICS Industry||Food & Staples Retailing|
|Earnings (Last)||11-15 2022-11-15/bmo||Earnings (Next)||02-21 2023-02-21|
|Ins Owners||0.9%||Inst Owners||32.4%|
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Walmart, Inc. engages in retail and wholesale business. The company is headquartered in Bentonville, Arkansas and currently employs 2,300,000 full-time employees. The firm offers an assortment of merchandise and services at everyday low prices (EDLP). The firm operates through three segments: Walmart U.S., Walmart International and Sam's Club. The Walmart U.S. segment is a merchandiser of consumer products, operating under the Walmart and Walmart Neighborhood Market brands, as well as walmart.com and other e-commerce brands, and it operates in the United States. The Walmart International segment includes various formats divided into two categories: retail and wholesale. These categories consist of various formats, including supercenters, supermarkets, hypermarkets, warehouse clubs (including Sam's Clubs) and cash & carry, as well as e-commerce through walmart.com.mx, walmart.ca, flipkart.com and other sites. The Sam's Club segment is a membership-only warehouse club that also operates samsclub.com.
702 SW 8th St
Bentonville ARKANSAS 72716
CEO: C. Douglas McMillon
Walmart is rolling out the sleeker look as it attracts higher-income households with lower-priced groceries.
The average yield of these stocks could pay $479 in annual income on a $10,000 investment.
Walmart Inc's first chief economist, John List, said on Friday he is optimistic about the U.S. economy this year, citing the strength of the job market compared to previous economic downturns. "When you look at the current labor market, it looks very different from what we have in most recessions," List told a business event. He noted current underemployment and wage growth trends that showed positive contrasts to periods such as the COVID-19-fuelled recession and the financial recession of 2008/09.
Walmart said it would adjust working hours for its U.S. pharmacy team and implement it nationwide, with drugstore operator CVS Health Corp doing the same.
The United States has been experiencing a nationwide labor shortage since the COVID-19 pandemic which has forced retailers to offer attractive incentives and pay increases. Walgreens Boots Alliance and CVS each raised their minimum wage to $15 per hour in 2021 while Walmart said last year it would increase the average pay of pharmacy workers to more than $20 per hour. Earlier on Friday, the Wall Street Journal first reported CVS Health Corp and Walmart were cutting pharmacy hours.
Walmart Inc said on Friday it would adjust working hours for its U.S. pharmacy team and implement it nationwide in 4,600 locations, with drugstore operator CVS Health Corp doing the same for about two-thirds of its retail pharmacies, amid a tight labor market.
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