Tag: Walmart stock

Walmart shares hit a record closing figure of $162.61 this past week, closing slightly lower at $161.56 at the start of the new month. The company's shares are up by more than 13% this year, outpacing the Dow Jones Industrial Average's growth of 5% and significantly beating...

U.S. retail giant Walmart discussed the latest ongoings in the company at its annual shareholders' meeting (AGM), with thousands of shareholders showing up in person and tuning in virtually to attend. CEO Doug McMillon announced that Walmart would be embarking on a price-cutting strategy,...

Walmart raised its full-year forecast on Thursday following the release of its fiscal results for the first quarter. Shares in the company rose during premarket trading as the retailer beat earnings and revenue forecasts. Sales rose by almost 8% over the first quarter; a figure...

Retail giant Walmart has slashed its number of stores in Chicago, Illinois, in half. The company announced earlier this week that it will close four out of its eight locations in the “Windy City.” Walmart explained its decision in a blog post, saying that the...

Walmart shares were up by 2% at Wednesday's close after the retail chain announced its plans to invest in supply chain automation. The company hopes that this will help to boost its profit margins, expand its operating margin, and drive top-line growth. During its latest...

Highly-anticipated earnings reports from Walmart and Home Depot are due to be released this week, with investors looking to use these retail giants' financial results to gauge the economic direction of the country. Both sets of results are expected to be released before the...