|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||86.67 - 88.38|
|52 Week Range||73.13 - 109.98|
|PE Ratio (TTM)||26.52|
|Forward Dividend & Yield||2.08 (2.40%)|
|1y Target Est||N/A|
Investors are focusing on Walmart's competition with Amazon, but these retailers could be more affected by the company's newest strategy.
Procter and Gamble (PG) saw improved sales and earnings performance in fiscal 3Q18. The company’s top and bottom line surpassed analysts’ expectations. However, the company’s soft organic sales growth rate and sluggish margins due to lower pricing and increased costs didn’t sit well with analysts.
Amazon.com Inc. has bulls bellowing happily after revealing its Amazon Prime subscription program exceeds 100 million members worldwide. “Amazon continues to have an ‘iron grip’ on the e-commerce market heading into the rest of 2018,” said Daniel Ives, GBH’s head of technology research, in a note late Wednesday. The figure came in above Wall Street’s estimate of 80 million Prime members and GBH’s projection of 92 million, Ives added.
The North Carolina farm at the center of a large egg recall had ongoing problems with rodents along with other unsanitary conditions, according to a U.S. government report this week that has reignited concerns over food safety in an industry that has shrunk to a small number of producers. An inspection report by the U.S. Food and Drug Administration said poultry houses at a facility owned by Rose Acre Farms, one of the largest U.S. egg producers, had prolonged rodent infestation. In addition, the report Tuesday said conditions in its egg-processing facility allow for pathogens to survive and spread. Rose Acre Farms, based in Seymour, Ind., voluntarily recalled nearly 207 million eggs on April 13, after more than 20 people reported salmonella illnesses that have been tied to the eggs. The Centers for Disease Control and Prevention on Monday launched an investigation into a salmonella outbreak that has spread to nine states.
Walmart Inc. paid its median worker $19,177 last year, while Chief Executive Doug McMillon earned $22.8 million, according to a securities filing.
Walmart Inc. has nominated McDonald’s Corp. Chief Executive Officer Steve Easterbrook to its board in a bid to bring on an adviser with experience abroad. Easterbrook, a 50-year-old British native, will replace Instagram founder Kevin Systrom, who is departing after four years to prioritize work and other outside commitments, according to a regulatory filing Friday. James Cash, Walmart’s lead independent director, is also retiring from the board after a 12-year tenure.
Supervalu’s (SVU) stock has failed to please investors for quite some time now. Poor financial performance and growing pessimism for the food retailer after Amazon’s entry into the space have been some of the key reasons behind SVU’s share price decline. It was reported on April 6 that the company is exploring the possibility of a potential sale after facing pressure from activist shareholders, including Blackwells Capital LLC. SVU’s share price soared on the news and closed 9.3% higher on April 6.
OBJ spoke with several industry leaders to try to defog some of the mystery surrounding the Tax Cuts & Jobs Act. Here's what we found out.
Its profits aren't as stable, but income investors should still favor Home Depot's stock over the global retailing titan's right now.
Walmart Inc could seal a deal to buy a more than 51 percent stake in Indian online marketplace Flipkart as early as next week, two sources familiar with the matter said on Friday. The U.S. retail giant has been in talks with Flipkart for months to acquire a controlling stake in the firm as it looks to take on rival Amazon.com Inc head-on in India, a market where e-commerce is tipped to grow to $200 billion in a decade. SoftBank Group, which owns about a fifth of Flipkart through its Vision Fund, was unwilling to sell a part of its stake as Walmart was offering to buy existing shares at a valuation of $12 billion, a price the Japanese tech investor considered low, Reuters had previously reported.
Walmart Inc (WMT.N) could seal a deal to buy a more than 51 percent stake in Indian online marketplace Flipkart as early as next week, two sources familiar with the matter said on Friday. The U.S. retail giant has been in talks with Flipkart for months to acquire a controlling stake in the firm as it looks to take on rival Amazon.com Inc (AMZN.O) head-on in India, a market where e-commerce is tipped to grow to $200 billion in a decade. SoftBank Group, which owns about a fifth of Flipkart through its Vision Fund, was unwilling to sell a part of its stake as Walmart was offering to buy existing shares at a valuation of $12 billion, a price the Japanese tech investor considered low, Reuters had previously reported.
Retail giant Walmart is testing a new dress code that gives employees more freedom. Under the pilot program at fewer than 100 stores, workers can wear solid color blue jeans instead of khaki-colored or ...
Global security and cash management firm G4S (GFS.L) expects notes and coins to drive its business, even as their usage falls in favour of electronic transactions around the world. Although data compiled by the British company best known for transporting banknotes in armoured vans shows people are increasingly paying for anything from their daily coffee to online bargains with cards and mobiles, Chief Executive Ashley Almanza said G4S is defying its own expectations. "Our fastest growing service line anywhere in the world in the last three years has been cash solutions in the United States," Almanza told Reuters in a telephone interview.
Walmart has nominated Steve Easterbrook, the chief executive of McDonald’s, to its board. The retail giant said on Friday that Mr Easterbrook, who has overseen a turnround in fortunes for the biggest restaurant ...
Walmart, the world’s biggest company by revenue, employs one in 10 US retail workers, and one out of every 100 US private-sector employees. That’s a lot of human beings—and a lot of pairs of khakis. Until recently, all of Walmart’s 1.5 million store employees in the US were required a blue or white collared shirt,…
Moody's Investors Service, ("Moody's") today downgraded Petco Animal Supplies, Inc.'s (Petco) Corporate Family Rating and probability of default rating to B3 and B3-PD from B2 and B2-PD respectively. ...
Wal-Mart had a fairly strong fiscal 2018 (ending January 2018), as the company’s performance has been mostly above its guidance and market expectations.
Walmart is testing new dress codes in a small number of U.S. stores with the hopes that this more relaxed environment will help to reel in and retain staff in an increasingly tighter labor market. This means that workers will be allowed to wear shirts of any solid color, which marks a shift from its previous option of only having blue or white shirts, according to an employee manual obtained by Bloomberg News. Walmart adds that visible facial tattoos will be forbidden for those hired after April 14, according to the manual.
Former U.S. President Barack published a piece in TIME on Thursday praising the work of the Parkland student activists, saying they are helping change the minds of Americans. More Americans and some companies are pushing for stricter gun control laws as a result of the February shooting in Parkland, Fla. Obama believes that younger voices will usher in a new era of political activism and change.
Here’s a quick wrap up of other headlines making news today.
Walmart is loosening the worker dress code at some stores to retain staff. Yahoo Finance’s Alexis Christoforous, Rick Newman, and Brittany Jones-Cooper discuss.