Sam's Club 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,...

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Report

Walmart Q3 revenues increase by 5.2 percent

Consolidated revenue of 160.8 billion dollars at Walmart, were up 5.2 percent or 4.3 percent in constant currency. For fiscal 2024, the company expects consolidated sales to Increase approximately 5 percent to 5.5 percent, operating income to increase approximately 7 percent to 7.5 percent, and adjusted EPS in the range of 6.40 dollars to 6.48...

Fashion

Walmart and Sam's Club launch Elton John eyewear collection

Walmart and Sam’s Club are launching the Elton John Eyewear collection. The line has already been released at Sam’s Club, and will be available at Walmart later this week. Elton John, whose iconic style goes hand in hand with his music career, collaborated with the retailers on the collection. Featuring names such as Rocketman, A-list and...

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Retail

Walmart Brasil dumps e-commerce

Reuters has reported that Walmart Brasil will be shuttering their e-commerce operation and focusing exclusively on brick-and-mortar. Underperforming hypermarkets will be converted into wholesale stores. Wholesale is on the rise in Brazil as the country comes out of a recession. “The company is working in a new omnichannel strategy which will be...