Walmart is launching a new store brand called Bettergoods. Here what it's selling and the cost. [CBS News]
Walmart Inc. (WMT)
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Source: CBS News
The company said on Tuesday that it's rolling out 300 new products, sold under the name Bettergoods, representing its largest private brand food launch in 20 years. The new line includes upscale products such as premium bronze-cut pasta from Italy, priced at $1.97 per package, and plant-based mozzarella, which costs less than $4. The rollout comes as more shoppers are shifting to store brands, which tend to cost less than premium brands, as a way to counter food inflation. "Today's customers expect more from the private brands they purchase – they want affordable, quality products to elevate their overall food experience," said Scott Morris, senior vice president, private brands, food and consumables, Walmart, in the statement. How much will Bettergoods items cost? Walmart said the items will range in price from $2 to $15, with most of them under the $5 mark. When will Bettergoods products be on the shelves? Walmart said some Bettergoods items are already on shelves, but that
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News
- Walmart Inc. (NYSE: WMT) had its price target raised by analysts at BMO Capital Markets from $65.00 to $75.00. They now have an "outperform" rating on the stock.MarketBeat
- Walmart Inc. (NYSE: WMT) had its price target raised by analysts at Truist Financial Co. from $60.00 to $64.00. They now have a "hold" rating on the stock.MarketBeat
- Walmart Inc. (NYSE: WMT) had its price target raised by analysts at Stifel Nicolaus from $65.00 to $69.00. They now have a "hold" rating on the stock.MarketBeat
- Walmart Inc. (NYSE: WMT) had its price target raised by analysts at Telsey Advisory Group from $68.00 to $70.00. They now have an "outperform" rating on the stock.MarketBeat
- Walmart Inc. (NYSE: WMT) had its price target raised by analysts at KeyCorp from $63.00 to $75.00. They now have an "overweight" rating on the stock.MarketBeat
WMT
Earnings
- 5/16/24 - Beat
WMT
Sec Filings
- 5/16/24 - Form 8-K
- 5/9/24 - Form 4
- 5/7/24 - Form PX14A6G
- WMT's page on the SEC website