Walmart (WMT) Tops Estimates and Raises Guidance but Stock Reaction Muted on Lower EBIT and Higher Costs
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Walmart (WMT) Partners with Zipline to Launch Autonomous Aircraft Delivery Service in Northwest Arkansas
November 18, 2021 7:06 AM ESTThe future of instant deliveries in Northwest Arkansas is looking up as Walmart (NYSE: WMT) and Zipline announced today the launch of its much-anticipated instant delivery service in Pea Ridge, Ark. The new service will make on-demand deliveries of select health and wellness and consumable items from the Walmart Neighborhood Market in Pea Ridge, Ark.
Ziplines autonomous aircraft present an incredible opportunity to offer customers an on-demand delivery option for the items they need now, such as a thermometer, non-prescription medication or an emergency pack of diapers, said Tom Ward, senior vice... More
Walmart stock tumbles as supply chain snarls hit margins ahead of holidays
November 16, 2021 7:07 AM ESTBy Richa Naidu and Aishwarya Venugopal
(Reuters) -Walmart Inc shares on Tuesday suffered their biggest intraday drop since May after high labor and supply chain costs ate into quarterly margins, even as the world's biggest retailer raised its annual sales and profit forecast.
Major retailers, including Amazon.com, have been struggling to bring products into the United States ahead of the peak shopping season due to shipping logjams, shuttered factories in parts of Asia and a scarcity of raw materials in recent months.
The hit to Walmart's margins comes despite efforts by the retailer to limit... More
Walmart (WMT) PT Raised to $165 at JPMorgan
November 12, 2021 4:18 AM ESTJPMorgan analyst Christopher Horvers raised the price target on Walmart (NYSE: WMT) to $165.00 (from $157.00) while maintaining a Neutral rating.... More
