Walmart launches new grocery brand, as it tries to hang on to inflation-fueled growth [MSNBC.com]
Walmart Inc. (WMT)
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Source: MSNBC.com
In this articlePeople talk outside a Wal-Mart Pickup-Grocery store in Bentonville, Arkansas.Rick Wilking | ReutersWalmartOn 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 hashelped it drive store and online trafficIn 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.An employee restocks frozen food products at a Walmart Inc. store in Burbank, California.Patrick T. Fallon | Bloomberg | Getty ImagesBut 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 b
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News
- Walmart's (WMT) Expansion of Walmart Luminate to Fuel Growth [Yahoo! Finance]Yahoo! Finance
- Walmart Inc. (NYSE: WMT) had its price target raised by analysts at Barclays PLC from $60.00 to $66.00. They now have an "overweight" rating on the stock.MarketBeat
- Stock Market News for May 20, 2024 [Yahoo! Finance]Yahoo! Finance
- iPower's SuperSuite Supply Chain Business Celebrates a Year of Transformative Growth [Yahoo! Finance]Yahoo! Finance
- Walmart Inc. (NYSE: WMT) had its price target raised by analysts at Evercore ISI from $67.00 to $70.00. They now have an "outperform" 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