110.00 -0.16 (-0.15%)
Pre-Market: 8:15AM EDT
|Bid||109.14 x 1200|
|Ask||110.35 x 800|
|Day's Range||110.10 - 111.07|
|52 Week Range||83.40 - 112.22|
|Beta (3Y Monthly)||0.62|
|PE Ratio (TTM)||38.54|
|Earnings Date||Aug 15, 2019|
|Forward Dividend & Yield||2.12 (1.91%)|
|1y Target Est||110.89|
Today, data released by China’s National Bureau of Statistics showed aggregate profits for Chinese companies with annual revenues of more than 20 million yuan rose 1.1% in May. The metric showed a fall of 3.7% in April. While the profits at Chinese state-owned industrial enterprises fell 9.7% last month, their counterparts in the private sector reported a 6.6% increase in profits.
U.S. President Donald Trump on Thursday demanded India withdraw retaliatory tariffs imposed by New Delhi this month, calling the duties "unacceptable" in a stern message that signals trade ties between the two countries are fast deteriorating. India slapped higher duties on 28 U.S. products after the United States withdrew tariff-free entry for certain Indian goods. Washington is also upset with New Delhi's plans to restrict cross-border data flows and impose stricter rules on e-commerce that hurt U.S. firms operating in India.
July sales are heating up as retailers look to slow Amazon.com Inc.’s Prime Day momentum, and drive consumers to their sites with deals of their own. Amazon (AMZN) is hosting its Prime Day shopping event across two days this year, July 15 and 16. The e-commerce giant says there will be more than one million deals across 18 countries, including price discounts on televisions and Amazon devices.
Amazon (AMZN) unveils Amazon Professional Beauty Store for selling beauty products to professional stylists, barbers, and aestheticians.
President Donald Trump has been happy to collect tariffs on Chinese goods. Last month, he even came up with the idea of buying agricultural products from US farmers with the tariffs collected on Chinese goods and then shipping those products to countries in need of aid.
Wall Street maintains a consensus price target of $110.89 on Walmart (WMT) stock, which is roughly on par with its closing price of $111.13 on June 21. Analysts’ consensus price target indicates that positives are reflected in Walmart stock.
We expect Walmart (WMT) to continue to drive comparable sales on the back of higher traffic and ticket size. The expansion of digital fulfillment options, a focus on merchandise, and value pricing is expected to support its comparable sales. However, tough comparisons and heightened competition are likely to remain a drag.
Casey's (CASY) is on track with its Value Creation Plan, which includes fleet card program. Also, the company is benefiting from store expansion.
(Bloomberg) -- Walmart Inc. is re-listing its Japanese supermarket chain Seiyu following a decade-long struggle to compete with bigger local rivals.The U.S. retailer will keep its majority stake in Seiyu after the listing, Walmart’s international division head Judith McKenna said in a statement Wednesday. The company also announced a mid-term business plan to offer lower prices, better products and grow e-commerce sales.Walmart has been reshaping its international operations over the past year to focus on high-potential markets like India and China. In Japan, where it has failed to gain traction against local rivals like Aeon Co. and Seven & I Holdings Co., there was speculation that the Bentonville, Arkansas-based retailer was preparing to sell Seiyu, which the company repeatedly denied.“It’s hard for me to imagine what their strategy is,” Mike Allen, an analyst at Jefferies Japan, said of Walmart. “It’s a difficult environment right now particularly for big box retailers because they are — like everywhere else in the world — getting hit by online retailing and have fixed costs that are very difficult to control.”Genya Murata, a spokesman for Seiyu, declined to comment on the timing of the listing. There are 334 Seiyu stores in Japan currently.Walmart, which first invested in Seiyu in 2002 and took it private in 2008, has been investing in building up digital operations globally as it faces cost pressures and sluggish growth in its home market. Last year, it sold a majority stake in its Brazilian business and spent $16 billion to acquire India’s e-commerce leader Flipkart Group in its biggest-ever deal.(Updates with tout on Walmart’s recent global deals.)\--With assistance from Grace Huang.To contact the reporter on this story: Lisa Du in Tokyo at email@example.comTo contact the editors responsible for this story: Rachel Chang at firstname.lastname@example.org, Reed StevensonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Walmart’s (WMT) adjusted EPS is under stress, reflecting continued pressure on margins and dilution from the acquisition of Flipkart. In the previous quarter, Walmart’s adjusted EPS fell about 1% on a YoY basis. Despite the pressure on EPS, Walmart has managed to surpass Wall Street’s estimates in the last five consecutive quarters, which is impressive.
Kohl's (KSS) is losing sheen due to rising expenses and soft comps. These headwinds have compelled the company to trim view for 2019.
U.S. Secretary of State Mike Pompeo sought to reduce heightened trade tension with India on Wednesday, promising a renewed focus on negotiating better ties, but giving few specifics of how they would overcome disputes over trade and investment. Pompeo's India visit comes as the two countries grapple with issues ranging from access to Indian markets for American firms to New Delhi's demand for foreign companies to store Indian data in the country, and exports of steel and aluminium to the U.S.
Walmart said it aims to list its Japanese supermarket unit Seiyu while keeping a majority stake in the business, amid on-and-off speculation the U.S. retail giant was looking to exit Japan where it has struggled to grow. Lionel Desclee, who was hired earlier this year as CEO of Walmart Japan, said in a speech to employees on Wednesday that Walmart would remain invested in Seiyu. "We also have a longer-term aspiration to list a minority stake of our business in Japan," he said in a speech, according to a Walmart Japan statement.
A strike by thousands of union workers at major Southern California supermarket chains would have a huge upside for non-union big box grocers and e-retailers but would likely disrupt other online grocery delivery services, industry experts said. "We know Amazon.com, Inc. (NASDAQ: AMZN) will not be impacted by a strike," said Bill Bishop, chief architect of Brick meets Click, a consultancy for grocery retailers and the consumer packaged goods industry. Members of the United Food and Commercial Workers (UFCW) union in Southern and Central California are voting this week on whether to authorize a strike.
Walmart’s (WMT) digital sales have grown swiftly in the past several quarters thanks to the company’s efforts to expand its digital offerings. On average, Walmart’s e-commerce sales marked ~39% growth in the past five quarters. The expanded digital fulfillment options, the addition of new brands, and value pricing have been supporting its e-commerce sales.
French retail giant Carrefour has agreed to sell an 80% stake in its China operations for ~$705 million to Suning.com, an Alibaba-backed company. While China represents a massive opportunity with its almost 1.4 billion population, it has not been an easy market for foreign companies, at least when it comes to retail and e-commerce.
JetBlue (JBLU) believes, Walmart is trying to cash in on the carrier's goodwill by using the name Jetblack for its personal shopping service.
We expect Walmart’s (WMT) revenues to continue to grow on the back of sustained momentum in comparable sales. The retailer’s comparable sales stayed strong in the past several quarters despite heightened competition in the grocery business. We expect comparable sales in its US business to continue to mark strong growth, driven by an increase in traffic and ticket size.