BENTONVILLE, Ark. — Walmart reported on Thursday a second-quarter net income of $3.6 billion compared with a net loss of $861 million a year earlier. Revenue rose 1.8% to nearly $130.4 billion. Operating income, on a constant currency basis, declined 2.4% to $5.6 billion.“Customers are responding to the improvements we’re making, the productivity loop is
BENTONVILLE, Ark. — Walmart on Tuesday reported robust profit and revenue figures for the holiday quarter, citing strength across a range of product categories and a 43% surge in digital sales. Revenue was up 1.9% to $138.8 billion in the fiscal fourth quarter. Excluding currency fluctuations, year-on-year revenue growth was 4.2%. Walmart U.S. posted its
WOONSOCKET, R.I. — CVS Health and Walmart today announced the companies have reached a multi-year agreement on terms under which Walmart will continue participating in the CVS Caremark pharmacy benefit management (PBM) commercial and Managed Medicaid retail pharmacy networks. The companies are not disclosing the financial terms of the new contract. “We are very pleased to
BENTONVILLE, Ark. — Walmart announced on Thursday that the company had a net income of $1.71 billion, or 58 cents a share, in its third quarter on revenue of $124.89 billion. Earnings were fueled by brisk e-commerce sales, as the company continues to acquire online brands in categories such as apparel and home goods while
SAN FRANCISCO — Instacart, the North American leader in online groceries, today announced the national expansion of Instacart Pickup, a new grocery click-and-collect service. Instacart Pickup gives customers the convenience of both delivery and/or pickup options, allowing them to order through Instacart and pick up their groceries from their favorite retailer. Instacart will be working with
BENTONVILLE, Ark. and SAN FRANCISCO, Calif. — After initially joining forces in February, Sam’s Club and Instacart have announced the national expansion of their partnership to offer same-day delivery to more than half of all Sam’s Clubs across the nation by the end of October. Just in time for the holidays Sam’s Club customers can
BENTONVILLE, Ark. — With a catastrophic storm, flooding and power outages hitting the Eastern Seaboard, Walmart and Sam’s Club are launching a customer campaign to assist impacted communities with hurricane relief. As part of the Walmart 2018 Relief Fund at Foundation, Walmart will match customer donations two-to-one with cash donations up to $5 million for disaster
BENTONVILLE, Ark. — Walmart on Friday reported fiscal first quarter income of $2.1 billion on a 4.4% increase in revenue, to $122.7 billion, thanks largely to a jump in online grocery sales. Walmart’s digital sales increased 33% in the quarter ended April 27. The company projects online sales will increase 40% for the full year.
BENTONVILLE, Ark. – In an effort to continue to be part of the solution to the nation’s opioid epidemic, Walmart is introducing new policies, programs and tools aimed at curbing opioid misuse and abuse. These initiatives apply to all Walmart and Sam’s Club pharmacies and pharmacists in the United States and Puerto Rico. Walmart Inc. supports
BENTONVILLE, Ark. — Total health care spending in the U.S. climbed to $3.4 trillion in 2016 and is expected to reach $5.5 trillion by 2020, according to the Centers for Medicare and Medicaid Services. With these costs on the rise, the adoption of wellness incentive programs by health care plans is becoming very popular. Earlier
BENTONVILLE, Ark. — Sam’s Club has tapped Sean Jackson to succeed Jill Turner-Mitchael as senior vice president for consumables and health and wellness. Jackson, who joined Sam’s Club in 2009 from Linens ’n Things, most recently served as vice president for home. He began his career at May Department Stores. Turner-Mitchael retired effective January 31.
BENTONVILLE, Ark. — Sam’s Club has promoted Sean Jackson to the post of senior vice president and general merchandise manager of consumables and health and wellness. He succeeds Jill Turner-Mitchael, who retired from that role at the end of January. Turner-Mitchael joined Walmart in 1992 as a pharmacist in Lubbock, Texas. During her 26 years with the
BENTONVILLE, Ark. — Sam’s Club plans to close 63 of its U.S. outlets in the next few weeks. The Walmart warehouse club chain said Thursday that the move will leave it with 597 locations, most of which also house pharmacies. “Transforming our business means managing our real estate portfolio and Walmart needs a strong fleet of
BENTONVILLE, Ark. — Jill Turner-Mitchael, senior vice president and general merchandise manager for consumables and health and wellness at Sam’s Club, is retiring. A Sam’s Club spokeswoman confirmed that Turner-Mitchael plans to retire at the end of the fiscal year. The Walmart warehouse club chain has not yet named a successor, the spokeswoman said. Turner-Mitchael