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Stockreport

Walmart launches new grocery brand, as it tries to hang on to inflation-fueled growth [CNBC]

Costco Wholesale Corporation (COST)  More Company Research Source: CNBC
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
On Tuesday, the big-box retailer said it will roll out a private label called BetterGoods, a line of more trend-and chef-driven foods. Most items will be priced at less than $5. Walmart is already the country's largest grocer by revenue. Nearly 60% of the company's sales in the U.S. came from its grocery business in the most recent fiscal year. Walmart's large food business has helped it drive store and online traffic , especially as customers have watched their discretionary spending during a period of high inflation. And its low-priced reputation has helped the company attract higher income grocery shoppers as inflation pinches budgets. In the most recent fiscal year that ended in late January, Walmart's net sales for groceries in the U.S. rose nearly 7% year over year to $264.2 billion. But Walmart, like other grocers, has seen room to grow its private label business as shoppers seek new flavors and lower prices. During the Covid-19 pandemic, some national brands' products [Read more]

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Stockreport

Walmart launches new grocery brand, as it tries to hang on to inflation-fueled growth [CNBC]

Costco Wholesale Corporation  (COST) 
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
On Tuesday, the big-box retailer said it will roll out a private label called BetterGoods, a line of more trend-and chef-driven foods. Most items will be priced at less than $5. Walmart is already the country's largest grocer by revenue. Nearly 60% of the company's sales in the U.S. came from its grocery business in the most recent fiscal year. Walmart's large food business has helped it drive store and online traffic , especially as customers have watched their discretionary spending during a period of high inflation. And its low-priced reputation has helped the company attract higher income grocery shoppers as inflation pinches budgets. In the most recent fiscal year that ended in late January, Walmart's net sales for groceries in the U.S. rose nearly 7% year over year to $264.2 billion. But Walmart, like other grocers, has seen room to grow its private label business as shoppers seek new flavors and lower prices. During the Covid-19 pandemic, some national brands' products [Read more]

IMPACT SNAPSHOT
EVENT TIME:
COST
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


S&P 500 (SPX)

%

VOLUME RATIO
%

VOLUME (SHARES)
TICKS

AVG SHARES PER TRADE

EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS