Wal Mart news and archive

Walmart reports strong Q3, ups FY25 outlook

Consolidated third quarter revenue at Walmart of 169.6 billion dollars, increased by 5.5 percent or 6.2 percent on constant currency basis. Raising its outlook for FY25, the company said net sales to reach 642.6 billion dollars, adjusted operating income at 27.1 billion dollars and adjusted EPS of 2.22 dollars. We had a strong quarter,...

Business

Wal-Mart acquires logistics start-up Parcel to up its same-day delivery game

Wal-Mart Stores Inc (WMT.N) announced on Tuesday that it has acquired Parcel Inc, a New York-based last-mile delivery startup, as the retailer seeks to improve its same-day delivery offering and gain a competitive edge against Amazon.com Inc (AMZN.O). "We plan to leverage Parcel for last mile delivery to customers in New York City – including...