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Stockreport

How Walmart became a go-to store for wealthy Americans [Yahoo! Finance]

Walmart Inc. (WMT)  More Company Research Source: Yahoo! Finance
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
our incredible, very big lot box of croissants that are fresh-baked in club by $1, from $5.98 to $4.98, and the volume doubled,” said Chris Nicholas, President and CEO of Walmart's Sam's Club division. “We had to remove the shelf that we put them on because the volume that we were selling was so huge.” It's just a pastry anecdote, sure, but the larger story isn't bargain croissants. It's the kind of shopper that Sam's Club — and Walmart itself — now appeals to. On the call, executives touted not just “incredible assortment” but “incredible experiences,” a striking evolution for a retailer once defined almost exclusively by price. “Upper- and middle-income households are driving our growth,” CEO Doug McMillon told analysts. “We continue to benefit from higher-income families choosing to shop with us more often.” Meanwhile, he noted carefully, ”lower-income families have been under additional pressure.” They're still buying at Walmart, but contributing more to transactions than growth [Read more]
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Stockreport

How Walmart became a go-to store for wealthy Americans [Yahoo! Finance]

Walmart Inc.  (WMT) 
More Company Research Source: Yahoo! Finance
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
our incredible, very big lot box of croissants that are fresh-baked in club by $1, from $5.98 to $4.98, and the volume doubled,” said Chris Nicholas, President and CEO of Walmart's Sam's Club division. “We had to remove the shelf that we put them on because the volume that we were selling was so huge.” It's just a pastry anecdote, sure, but the larger story isn't bargain croissants. It's the kind of shopper that Sam's Club — and Walmart itself — now appeals to. On the call, executives touted not just “incredible assortment” but “incredible experiences,” a striking evolution for a retailer once defined almost exclusively by price. “Upper- and middle-income households are driving our growth,” CEO Doug McMillon told analysts. “We continue to benefit from higher-income families choosing to shop with us more often.” Meanwhile, he noted carefully, ”lower-income families have been under additional pressure.” They're still buying at Walmart, but contributing more to transactions than growth [Read more]
IMPACT SNAPSHOT
EVENT TIME:
WMT
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