Walmart Stock: Everything To Know

Walmart Stock: About, what they Do, Stock Price, Founders, CEO, CFO, Revenue, Founded, President, Analyst Forecast, what’s New, Updates And Everything To Know

About Walmart

Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. It is headquartered in Bentonville, Arkansas, and is known for its commitment to providing low prices and a wide variety of products.

What They Do

Walmart operates through three primary segments:

• Walmart U.S.: Supercenters, supermarkets, hypermarkets, and discount stores.
• Also Walmart International: Operations in 24 countries under various banners.
• Sam’s Club: Membership-only warehouse clubs.

Walmart offers a wide range of products, including groceries, health and also wellness products, home and apparel, electronics, and more. They also provide financial services and digital payment platforms.

Recent Performance

Walmart Inc. (WMT) has been experiencing a significant surge in its stock price, also reaching an all-time high of $74.44 on August 15, 2024. This impressive performance comes despite broader consumer spending concerns, highlighting Walmart’s resilience and strategic positioning in the retail market.

Founders

Walmart was founded by Sam Walton and his brother James “Bud” Walton in 1962 in Rogers, Arkansas².

CEO

Doug McMillon is the President and CEO of Walmart Inc. He has also been with the company since 1984 and became CEO in 2014³.

CFO

John David Rainey is the Chief Financial Officer (CFO) and also Executive Vice President of Walmart Inc. He also joined Walmart in 2022⁴.

Revenue

For the fiscal year 2024, Walmart reported revenue of $648.12 billion².

Founded

Walmart was founded on July 2, 1962².

President

Doug McMillon also serves as the President of Walmart Inc.³.

Key Financial Metrics

• Current Price: $73.18 (as of August 15, 2024, 7:00 PM EDT)¹
• Market Cap: $588.63 billion¹
• 52-Week Range: $49.85 – $74.44¹
• Also PE Ratio: 49.78¹
• Dividend Yield: 1.21%¹

Factors Driving Growth

Walmart’s recent stock surge can be attributed to several key factors:

1. Strong Sales Growth: Walmart reported a 4.2% year-over-year increase in U.S. sales for the most recent quarter, surpassing analysts’ expectations of 3.5%².
2. Also Consumer Preference: Despite high inflation and cautious consumer spending, Walmart’s competitive pricing and also convenience continue to attract shoppers².
3. E-commerce Expansion: Walmart’s growing online business has also been a significant driver of its overall sales growth².

Strategic Initiatives

Walmart has been proactive in adapting to changing market conditions and consumer behaviors. Some of its strategic initiatives include:

• Digital Transformation: Investing heavily in e-commerce and digital payment platforms to enhance customer experience and streamline operations³.
• Also Sustainability Efforts: Committing to sustainability goals, including reducing carbon emissions and promoting eco-friendly products³.
• Health and Wellness: Expanding its health and wellness offerings, also including pharmacy, optical, and over-the-counter medical products³.

Market Outlook

Analysts remain optimistic about Walmart’s future performance. The company has also raised its full-year sales growth forecast to 3.75%-4.75%, up from the previous estimate of 3%-4%². This positive outlook is supported by Walmart’s consistent ability to adapt to market challenges and also leverage its extensive retail network.

Walmart’s stock performance in 2024 underscores its strength and adaptability in a challenging retail environment.  Investors and analysts alike will be also watching closely to see how the company navigates the evolving market landscape.