WalMart: 'Own Your School A display in a Walmart store that appeared to market firearms as a back-to-school item has

WalMart: ‘Own Your School’ With High-Powered Guns

WalMart: ‘Own Your School’ With High-Powered Guns

WalMart: 'Own Your School A display in a Walmart store that appeared to market firearms as a back-to-school item has

WalMart: ‘Own Your School A display in a Walmart store that appeared to market firearms as a back-to-school item has backfired on the retail giant, with several people taking to social media to express their outrage.

A sign in a Walmart store that read “Own the school year like a hero” was placed directly above a glass case filled with rifles. Photos of the sign above the gun display spread like wildfire on social media.

Walmart has condemned the display and said it is working to identify the store that put up the exhibit. The company has apologized for the incident.



WalMart: ‘Own Your School

Twitter user Ismail Kidd Noorzai posted the photograph of the display on his Twitter page. The image, which was reportedly taken at a Walmart store in Evansville, Indiana, triggered angry responses from customers on social media. Several people felt it related to the mass shooting incidents in schools in the U.S.

Some of Walmart’s earlier marketing strategies too have met with angry responses from customers.

In September 2016, Walmart was heavily criticized after the retail giant stacked up packages of soda cans to look like the World Trade Center at a Florida store. The retail giant meant it to be a tribute to 9/11 victims ahead of the 15th anniversary of the terrorist attack, however, it backfired and was criticized by everyone.

Last month, Walmart issued an apology after a third-party vendor on its website used a racial slur to describe a product. The seller used N-word to describe the color of a hair net used for weaves.

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Buz Investors Bullish on Walmart Stock

Walmart Emerging as a Worthy Challenger for Amazon

|Chart | Calendar   | TRADE NOW | Walmart 

Walmart Emerging as a Worthy Challenger for Amazon

Other retailers are bound to suffer because of this growing duo

BUZ INVESTORS  Worthy Challenger Walmart (NYSE:(WMT) always had the size and scale; what it was lacking was the confidence and agility to take on Amazon (NASDAQ:(AMZN), which was disrupting the brick-and-mortar space. But a lot has changed in the way Walmart operates.

After pouring billions of dollars into technology and watching its online sales inch up instead of racing to the top, Walmart took the acquisition route to bolster its online offering. It also accepted its mistake in operating way too many store formats and settled down to keep pushing the neighborhood stores. And all those efforts are paying off, quarter by quarter, while most other retailers around the country are struggling to get customers to walk through their doors.




Worthy Challenger

Walmart reported solid first-quarter earnings numbers that saw the company beat earnings estimates while revenues came in below expectations. Wall Street was expecting earnings per share of 96 cents and revenues of $117.74 billion; the actuals came in at $1.00 earnings per share and revenues of $117.5 billion.

Retailers are bound to suffer because of this growing duo

The stock may move lower due to the missed sales expectations, but a comparable store sales growth of 1.4% in the U.S. and a growth of e-commerce GMV by 69% shows that Walmart has certainly regained its footing in its home territory. Amazon continues to eat into the U.S. market at double-digit rates, and Walmart, due to its size, has the most to lose from that. But growing comparable store sales and e-commerce shows that Walmart has found its position against Amazon, which should help the retail juggernaut in a big way moving forward.

This will be huge problem for retailers around the country. On the one hand, they have Amazon eating up billions of dollars from their own markets in sales every quarter; and on the other, the biggest retailer in terms of sales is slowly inching up as well. The smaller players are going to be toast due to the war at the top because neither of these companies is going to allow each other an inch, let alone the rest of the competition.

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[ Enlarge Image ]

Walmart has guided second-quarter comparable store sales of 1.5% to 2% in the U.S., slightly higher than the numbers they reported for the first quarter. The best part about Walmart’s comps in the first quarter was that the sales growth was due to increased traffic while ticket was slashed by 0.1%. You don’t see that very often: a company as big as Walmart reducing average ticket price but ending up reporting comparable-store sales growth due to increased traffic.

Other retailers will now be forced to either keep up with the Waltons and Bezoses, as it were, or see their numbers get hit quarter after quarter until something gives.

Business Description

Industry: Retail – Defensive » Discount Stores    NAICS: 452112    SIC: 5331
Compare: NAS:(COST), OTCPK:(WMMVF), NYSE:(TGT) NYSE:(DG), NAS:(DLTR), OTCPK:(DLMAF), NYSE:(BURL), OTCPK:(DQJCY), OTCPK:(BMRRY), OTCPK:(DIDAY), NAS:(PSMT), NAS:(OLLI), OTCPK:(GPGNY), NYSE:(BIG), OTCPK:(HBBHF), NAS:(FRED), NAS:(TUES), OTCPK:(RJCTF), OTCPK:(PSAKF), OTCPK:(SSOK) » details
Traded in other countries: WMT.Argentina, WALM34.Brazil, WMT.Chile, WMT.Germany, WMT.Mexico, WMT.Peru, WMT.Switzerland, 0R1W.UK,
Headquarter Location: USA

Wal-Mart Stores Inc operates retail stores in various formats under various banners. Its operations comprise of three reportable business segments, Walmart U.S., Walmart International and Sam’s Club in three categories retail, wholesale and others.

Wal-Mart is the largest retailer in the world with around $490 billion in annual revenue and about 11,700 stores (including supercenters, wholesale warehouse clubs, and small-format stores). The firm is also expanding into the e-commerce realm (as evidenced by its recent acquisition of Jet.com), but sales through this channel represent less than 5% of its total. Groceries and consumables account for roughly half of sales, with the remainder from general merchandise, including fuel, hardlines, apparel, entertainment, and home goods.

 

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Buz Investors Bullish on Walmart Stock

WalMart shares edge up premarket after earnings beat estimates, but sales miss

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WalMart shares edge up premarket after earnings beat estimates, but sales miss

Buz Investors Bullish on Walmart Stock

BUZ INVESTORS  WalMart shares edge up WalMart Stores Inc. (WMT), +2.49% reported first-quarter net income of $3.04 billion, or $1.00 per share, versus $3.08 billion, or 98 cents per share, for the same period last year. The FactSet consensus was 96 cents. Sales were $117.5 billion, up from $115.9 billion last year, and just below the $117.8 billion FactSet consensus. Wal-Mart U.S. same-store sales increased 1.4% driven by a 1.5% increase in traffic. Digital sales for Walmart U.S. rose 63%. Wal-Mart sees second-quarter EPS of $1.00 to $1.08, excluding the estimated benefit of about 5 cents from the sale of its Mexican apparel format Suburbia.

 WalMart shares edge up 

 

  • Diluted EPS was $1.00, an increase of 2% over last year.
  • Total revenue was $117.5 billion, an increase of 1.4%. Excluding currency, total revenue was $118.8 billion, an increase of 2.5%.
  • Walmart U.S. comp sales increased 1.4%, driven by a traffic increase of 1.5%. Comp traffic increased 3.0% on a two-year stacked basis.
  • E-commerce growth at Walmart U.S. was strong as sales and GMV increased 63% and 69%, respectively. The majority of this growth was organic through Walmart.com.
  • Net sales at Walmart International were $27.1 billion, a decrease of 3.5%. Excluding currency, net sales were $28.3 billion, an increase of 0.8%.
  • The company generated $5.4 billion in operating cash flow and returned $3.7 billion to shareholders through dividends and share repurchases.

Business Description

Industry: Retail – Defensive » Discount Stores    NAICS: 452112    SIC: 5331
Compare: NAS:(COST), OTCPK:(WMMVF), NYSE:(TGT), NYSE:(DG), NAS:(DLTR), OTCPK:(DLMAF), NYSE:(BURL), OTCPK:(DQJCY), OTCPK:(BMRRY), OTCPK:(DIDAY), NAS:(PSMT), NAS:(OLLI), OTCPK:(GPGNY), NYSE:(BIG), OTCPK:(HBBHF), NAS:(FRED), NAS:(TUES), OTCPK:(RJCTF), OTCPK:(PSAKF), OTCPK:(SSOK) » details
Traded in other countries: WMT.Argentina, WALM34.Brazil, WMT.Chile, WMT.Germany, WMT.Mexico, WMT.Peru, WMT.Switzerland, 0R1W.UK,
Headquarter Location: USA

Wal-Mart Stores Inc operates retail stores in various formats under various banners. Its operations comprise of three reportable business segments, Walmart U.S., Walmart International and Sam’s Club in three categories retail, wholesale and others.

Wal-Mart is the largest retailer in the world with around $490 billion in annual revenue and about 11,700 stores (including supercenters, wholesale warehouse clubs, and small-format stores). The firm is also expanding into the e-commerce realm (as evidenced by its recent acquisition of Jet.com), but sales through this channel represent less than 5% of its total. Groceries and consumables account for roughly half of sales, with the remainder from general merchandise, including fuel, hardlines, apparel, entertainment, and home goods.

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Buz Investors Bullish on Walmart Stock

The Top Reason to Be Bullish on Walmart Stock

WMT Stock Building on E-Commerce Strengths

Buz Investors Bullish on Walmart Stock

Buz Investors  Bullish on Walmart Stock Wal-Mart Stores Inc (NYSE:WMT) surprised everyone with its fourth-quarter results, which showed strong growth in e-commerce sales in the 2016 holiday season. Walmart stock went up on the good results announcement but investor concerns regarding its ability to compete with Amazon.com, Inc. (NASDAQ:AMZN) have been weighing on it. WMT stock closed in the red Thursday and closed at $70.44.




 

OTHER STORIES BUZ TRADERS FOLLOW

Bullish on Walmart Stock

The world’s largest retailer has been on an acquisition spree lately and has been doing well in its attempts to challenge the dominance of Amazon. Its acquisition of Jet.com has been fruitful, and Walmart has not stopped shopping for more deals through its online subsidiary. Although the company has a lot of ground to cover and still lags behind Amazon, there are reasons that warrant a bullish outlook on Walmart stock.

The move is significant as an increased number of product offerings in its online store will further boost Walmart’s online sales and benefit WMT stock. Given the vast collection of products on Amazon’s online store, Walmart has to be fast in the catching-up game. However, the acquisition news has not been confirmed by either party.

Reports have come in that suggest that Walmart is planning to rebrand and renovate many of its hypermarkets in Brazil, which has proven to be a difficult market for the retail giant. Brazil is the fifth-largest consumer market but Walmart has not been able to gain much success in the region. However, Walmart is hopeful of a turnaround, as it has planned to spend about $320.0 million over the next three years to upgrade its hypermarkets in the country. (Source: “Wal-Mart Doubles Down in Brazil Despite Sluggish Sales,” The Wall Street Journal, March 12, 2017.)

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Buz Investors Warren Buffett The world is changing. I never thought we’d see the day that Warren Buffett dumps shares of Wal-Mart Stores Inc (NYSE:WMT); sadly, all good things come to an end. Buffett sold $900.0 million worth of Walmart stock lately,

Amazon Stock vs. Walmart Stock

Warren Buffett Drops Walmart Stock, Eyes Amazon Stock

Buz Investors <a href=Warren Buffett The world is changing. I never thought we’d see the day that Warren Buffett dumps shares of Wal-Mart Stores Inc (NYSE:WMT); sadly, all good things come to an end. Buffett sold $900.0 million worth of Walmart stock lately," width="300" height="199" srcset="https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/02/AMZN-300x199-Small-1.jpg?resize=300%2C199 300w, https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/02/AMZN-300x199-Small-1.jpg?w=724 724w" sizes="(max-width: 300px) 100vw, 300px" />

Buz Investors Warren Buffett The world is changing. I never thought we’d see the day that Warren Buffett dumps shares of Wal-Mart Stores Inc (NYSE:WMT); sadly, all good things come to an end.

Buffett sold $900.0 million worth of Walmart stock lately, but that doesn’t mean he’s gone soft on retail. He has shown great respect for Amazon.com, Inc. (NASDAQ:AMZN), which raises the question…

It’s an open secret that Buffet thinks highly of Amazon CEO Jeff Bezos. Unlike AMZN stock bears, many of whom think Amazon stock is a bubble waiting to burst, Buffett understands the company’s endgame. He sees what makes Amazon so special.



Other Stories Buz Traders Follow

Warren Buffett 

While it would be strange to see Buffett embrace a tech stock, it wouldn’t be unprecedented. He famously invested in International Business Machines Corp. (NYSE:IBM), arguing that it was more of a service company than a tech one. That was his way of justifying the investment.

This aversion to tech stocks comes from Buffett’s self awareness. He doesn’t invest in things he can’t understand. You won’t find him investing in semiconductor or solar stocks because those are too far out of his wheelhouse. He simply doesn’t know how to sort the wheat from the chaff in those sectors, so there’s no point in him trying.

To be clear, Walmart’s revenue is still inching upward. The problem is that consumers are spending more of their money online, not in physical stores. This puts WMT stock on the wrong end of history.

I don’t know whether he has evolved, or if tech stocks have matured. But the fact is that Warren Buffettthe Warren Buffett—is expressing strong bullish sentiments about Amazon stock.

He has dumped $900.0 million worth of WMT stock, and for good reason. There’s no sense in betting on a lame horse. Walmart stock is going to be hampered by industry trends going forward, so pulling out now was a smart move for the “Oracle of Omaha.” If only he had gotten out sooner, he could have saved a little more money.

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Walmart Cyber Monday: New Strategy Could Send Walmart Stock Soaring

Walmart Cyber Monday: New Strategy Could Send Walmart Stock Soaring

Walmart Cyber Monday: New Strategy Could Send Walmart Stock Soaring

  • Buz Investos Walmart Stock Soaring (NYSE:WMT) has been preparing for this holiday season for a long time. And early indications are that the brick-and-mortar giant may have gotten it right this time.
  • The management had already announced Walmart Cyber Monday deals earlier, and WMT stock has been edging higher on the optimism surrounding the holiday shopping frenzy among consumers.
  • On Saturday, Adobe Systems Incorporated (NASDAQ:ADBE) released its 2016 online shopping data for Black Friday and Thanksgiving Day. The data threw light on the important fact that Black Friday became the first day in retail history to drive over $1.0 billion in mobile revenue at $1.2 billion, a 33.0% growth year-over-year.

Walmart Stock Soaring

Walmart Cyber Monday: New Strategy Could Send Walmart Stock Soaring

On Saturday, Adobe Systems Incorporated (NASDAQ:ADBE) released its 2016 online shopping data for Black Friday and Thanksgiving Day. The data threw light on the important fact that Black Friday became the first day in retail history to drive over $1.0 billion in mobile revenue at $1.2 billion, a 33.0% growth year-over-year. More than $5.0 billion was spent online by the end of Black Friday, a 17.7% increase year-over-year. (Source: “Media Alert: Adobe Data Shows Black Friday Breaks Online Sales Record With $3.34 Billion,” Adobe Systems Incorporated,

Other Stories Buz Traders follow

Walmart Stock Soaring

Last Monday, the company announced that it will offer its largest Cyber Week assortment ever. Walmart kicked off the event the day after Thanksgiving with Cyber Week online specials, featuring surprising new brands and unbeatable prices that would be available starting Friday, November 25.

Wal-Mart Stores had already tripled its online product assortment this year from eight million to more than 23 million items in preparation for Walmart Cyber Monday and Cyber Week.

The traffic was also looking up and this improved the same-store sales. The company also made invesments in a Chinese on-demand logistics and grocery e-commerce platform—New Dada. For Walmart Cyber Monday and the coming holiday season, the company has tried to strengthen its logistics.




WMT Stock: This Could Be Game Changer for WalMart Stores, Inc.

WMT Stock: This Could Be Game Changer for WalMart Stores, Inc.

WMT Stock: This Could Be Game Changer for WalMart Stores, Inc.

  • Buz Traders Game Changer for WalMart   (NYSE:WMT) surprised investors earlier this year when it acquired the online retailer Jet.com, Inc. It was a massive acquisition that cost shareholders a ton of cash, but it was done to fuel Walmart stock (WMT).
  • More importantly, it was the first step toward challenging Amazon.com, Inc. (NASDAQ:AMZN).
  • Walmart has no choice but to fight Amazon. It’s their only option to keep WMT stock moving to the right and up, particularly in light of new shopping patterns. Consumers are buying more things online, which ends up hurting the prospects of Walmart stock.

Game Changer for WalMart Goes to India

WMT Stock: This Could Be Game Changer for WalMart Stores, Inc.

One way they’re trying to do that is by scooping up a minority stake in Flipkart. This online retailer is already going head-to-head with Amazon in one of the world’s biggest markets: India. (Source: “Walmart May Invest in India’s Largest E-Commerce Site Flipkart,” Fortune, September 28, 2016.)

Amazon is pouring tons of money into India. It sees the country as a goldmine for AMZN stock, but now Walmart is clued into the game. The company sees that India’s growing middle class has created an astounding level of opportunity, so they want to back Flipkart in its fight against Amazon.

 Other Stories Buz Investors share

Does the Amazon-Flipkart face-off remind you of anything? For me, it brings back memories of a young Alibaba Group Holding Ltd (NYSE:BABA). The Chinese competitor to Amazon conquered its native market before coming across to the West. By then, it was large enough to secure a spot on the New York Stock Exchange.

What I remember is that another company got rich off Alibaba’s success. That’s right; I’m talking about Yahoo! Inc. (NASDAQ:YHOO). The Internet giant bought a 15% stake in Alibaba for roughly $7.6 billion. That was in 2012. By the time Yahoo sold off its core assets to Verizon Communications Inc. (NYSE:VZ), Yahoo’s stake in Alibaba was worth approximately $32.0 billion.

Walmart strategy drives growth and sustainable returns, Plans $20 billion share repurchase program over two years

Walmart strategy drives growth and sustainable returns

Walmart strategy drives growth and sustainable returns, Plans $20 billion share repurchase program over two years

  • The company provided a three-year strategic framework intended to strengthen its U.S. and e-commerce businesses.
  • Net sales growth is expected to range between 3 and 4 percent annually over the next three years, translating to $45 to $60 billion over the period.
  • Investments in people and technology to drive strong shareholder returns over time.
  • Capital investments will be approximately $11.0 billion for fiscal year 2017 and will remain flat in fiscal years 2018 and 2019.  This is below the revised fiscal year 2016 estimate of approximately $12.4 billion, primarily due to a moderation of physical store expansion.
  • Investments in e-commerce and digital initiatives are expected to total approximately $1.1 billion in fiscal year 2017.  

Walmart strategy drives growth and sustainable returns, Plans $20 billion share repurchase program over two years

BENTONVILLE, Ark., Oct. 14, 2015 — Wal-Mart Stores, Inc. (NYSE: WMT) today provided its strategic outlook and growth plans for the future at the company’s 22nd annual meeting for the investment community. The investments outlined today are part of a framework designed to drive sales growth by strengthening the U.S. and e-commerce businesses. This framework is intended to enhance the experience in stores, leverage Walmart’s unique supply chain capabilities to lower costs and build deep digital relationships with customers.

“These are exciting times in retail given the pace and magnitude of change. We have strengths and assets to build on and are making progress to position the company for the future,” said Doug McMillon president and CEO, Wal-Mart Stores, Inc.  “We’re encouraged by recent customer feedback and will continue to get stronger. Our investments in our people, our stores and our digital capabilities and e-commerce business are the right ones. We will be the first to build a seamless customer experience at scale to save our customers not only money but also time.”

Financial Outlook

The company also indicated that as a result of a stronger than anticipated impact from currency exchange rate fluctuations, it now expects net sales growth for the current fiscal year to be relatively flat.  Excluding the impact of currency exchange fluctuations, net sales growth would be approximately 3 percent for fiscal year 2016.  In February, the company indicated that it expected net sales growth of between 1 and 2 percent.

Charles Holley, Walmart’s executive vice president and chief financial officer, outlined the company’s financial priorities for growth and detailed the investment and expansion plans for fiscal year 2017.

“Our sales growth over the next three years is estimated to range between 3 to 4 percent annually, which will add approximately $45 to $60 billion in sales. Within the last year, we have experienced traffic and comp sales improvements in our Walmart U.S. business, and our plan reflects that positive momentum continuing,” said Holley.

McMillon said Walmart is bringing a disciplined approach to managing the company’s financial resources and portfolio. “We are actively reviewing our portfolio to ensure our assets are aligned with our strategy.  But we will be thoughtful in our approach, recognizing our responsibility to drive shareholder value,” he said.

Holley also discussed the company’s profitability over the long-term and provided more insight into certain financial metrics.

“Fiscal year 2017 will represent our heaviest investment period. Operating income is expected to be impacted by approximately $1.5 billion from the second phase of our previously announced investments in wages and training as well as our commitment to further developing a seamless customer experience,” said Holley.  “As a result of these investments, we expect earnings per share to decline between 6 and 12 percent in fiscal year 2017, however by fiscal year 2019 we would expect earnings per share to increase by approximately 5 to 10 percent compared to the prior year.”

Share repurchase

The company also announced that its board of directors has authorized a new $20 billion share repurchase program and retired the $8.6 billion remaining on its 2013 authorization.

“We remain committed to our strong balance sheet and have said that we would only use it for strategic purposes. Last year and this current year, we have not utilized that capacity as we felt it was not the right time to drive a larger volume of share repurchase.  We expect over the next three years to generate around $80 billion in cash. Given the current landscape, we have a strategic opportunity, and our intent would be to utilize this new $20 billion authorization over the next two years,” said Holley.

“This share repurchase program, combined with our annual dividends, reinforces our continued commitment to delivering increased value to shareholders. We remain committed to maintaining a strong balance sheet and financial position that enables us to continue focusing on growth-oriented opportunities,” continued Holley.

Capital expenditure details

Projected capital expenditures are as follows and exclude the impact of future acquisitions, if any:

Capital Expenditure Detail

(US$ billions)

Segment FY 15 Actual FY 16 Original FY 16 Revised FY 17 Projected
Walmart U.S. $6.3 ~$6.1 – 6.6 ~$7.0 ~$6.2
Walmart International $3.5 ~$3.7 – 4.2 ~$3.5 ~$3.0
Sam’s Club $0.8 ~$0.8 ~$0.8 ~$0.8
Total segments $10.6 ~$10.6 – 11.6 ~$11.3 ~$10.0
Corporate & support $1.2 ~$1.0 – 1.3 ~$1.1 ~$1.0
Total $11.8 ~$11.6 – 12.9 ~$12.4 ~$11.0

The capital expenditures listed below provide the breakdown between the company’s physical, e-commerce and digital initiatives provided above.

Capital Expenditure Detail

(US$ billions)

  FY 15

Actual

FY 16

Original

FY 16

Revised

FY 17

Projected

Physical $11.1 ~$10.4 11.4 ~$11.5 ~$9.9
E-commerce & digital $0.7 ~$1.2 – 1.5 ~$0.9 ~$1.1

Projected Walmart U.S. and Sam’s Club U.S. units include new stores, expansions and relocations. Given the conversion of Walmart discount stores to supercenters, the total number of supercenter units will continue to increase, as the number of discount stores declines. Unit growth in the United States is projected as follows:

Total U.S. Unit Growth

(Gross)

Segment FY 15

Actual

FY 16 

Original

FY 16

Revised

FY 17                           Projected
Supercenters* 119 ~60 – 70 ~60 – 70 ~50 – 60
Small format stores** 235 ~180 – 200 ~160 – 170 ~85 – 95
Total Walmart U.S. 354 ~240 – 270 ~220 – 240 ~135 – 155
Sam’s Club 21 ~9  12 ~11  12 ~7  10
Total 375 ~249 282 ~231 252 ~142 165

*Existing supercenters average approximately 178K square feet.
** Existing Neighborhood Markets and rebranded Walmart Express stores range between 12K and 66K square feet.

About Walmart
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and live better – anytime and anywhere – in retail stores, online, and through their mobile devices.  Each week, nearly 260 million customers and members visit our 11,532 stores under 72 banners in 28 countries and e-commerce websites in 11 countries.  With fiscal year 2015 revenue of $485.7 billion, Walmart employs approximately 2.2 million associates worldwide.  Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity.  Additional information about Walmart can be found by visitinghttp://corporate.walmart.com on Facebook at http://facebook.com/walmart and on Twitter athttp://twitter.com/walmart.

Cautionary statement regarding forward-looking statements

This release contains certain forward-looking statements that are intended to enjoy the safe harbor protections of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding forecasts and expectations of Walmart’s management of or for:

  • the dollar amount and percentage growth of Walmart’s consolidated net sales in fiscal years 2017, 2018 and 2019;
  • investment in people and technology driving strong shareholder returns over time;
  • Walmart’s total capital expenditures in fiscal years 2016 through 2019 and the fiscal year 2017 capital expenditures reflecting moderation of physical store expansion;
  • Walmart’s total net sales in fiscal year 2016 to be flat compared to fiscal year 2015 and the growth of Walmart’s total net sales excluding the effect of currency exchange rate fluctuations in fiscal year 2016 over fiscal year 2015;
  • fiscal year 2017 to be Walmart’s heaviest investment period;
  • the dollar amount of the impact on Walmart’s fiscal year 2017 operating income of Walmart’s investment in associate wages and training and its commitment to further developing a seamless customer experience;
  • the range of the percentage decrease in Walmart’s fiscal year 2017 earnings per share and the range of the percentage increase of Walmart’s fiscal year 2019 earnings per share;
  • Walmart’s use of its $20 billion new share repurchase authorization over the next two years;
  • the generation of around $80 billion in cash over the next three years;
  • the capital expenditures to be made in fiscal year 2016 and fiscal year 2017 by each of Walmart’s operating segments, by Walmart’s operating segments in total, and by Walmart in total for corporate and support, physical, and e-commerce and digital initiatives;
  • Walmart’s total U.S. unit growth, Walmart U.S.’s total unit, supercenter and small format store growth and Sam’s Club’s total unit growth in each of fiscal years 2016 and 2017; and
  • statements regarding Walmart’s plans, objectives and operating frameworks and assumptions on which some forward-looking statements are based.

Walmart’s actual results may differ materially from the guidance, projections, estimates and expectations discussed in or implied by such forward-looking statements as a result of changes in circumstances, assumptions not being realized or other risks, uncertainties and factors, whether globally or in one or more of the markets in which we operate, including:
Economic factors:

  • economic, geo-political, capital markets and business conditions, trends and events, including such factors as unemployment levels, inflation, deflation and commodity prices;
  • currency exchange rate fluctuations and changes in market interest rates;
  • consumer confidence, disposable income, credit availability, debt levels, spending levels, shopping patterns, and demand for certain merchandise; and
  • consumer enrollment in health and drug insurance programs and such programs’ reimbursement rates.

Operating factors:

  • the amount of Walmart’s net sales denominated in the U.S. dollar and foreign currencies;
  • the financial performance of Walmart and each of its segments;
  • factors affecting Walmart’s effective tax rate;
  • traffic and average ticket in and on Walmart’s stores, clubs and e-commerce websites;
  • Walmart’s mix of merchandise sold, its cost of goods sold and its inventory shrinkage;
  • transportation, energy and utility costs and the selling prices of gasoline and diesel fuel;
  • disruptions in Walmart’s supply chain and in seasonal buying patterns;
  • consumer acceptance of and response to Walmart’s stores and clubs, e-commerce websites, mobile apps, initiatives, programs and merchandise offerings;
  • Walmart’s casualty- and accident-related costs and insurance costs;
  • the seasonality of Walmart‘s business and of consumer buying patterns;
  • the availability of attractive e-commerce acquisition or investment opportunities;
  • Walmart’s workforce size and turnover, labor costs, healthcare cost and other benefit costs;
  • market, legal and other factors limiting or delaying Walmart’s ability to build, staff, open and operate new and relocated stores, clubs and other facilities;
  • effects on Walmart’s operations of weather conditions and events, climate change, catastrophes, disasters, public health emergencies, civil disturbances or terrorist attacks;
  • disruption in the availability of Walmart’s online shopping sites;
  • cyber attacks on Walmart’s information systems and any costs and liabilities relating thereto;
  • developments in, the outcome of, and costs and expenses relating to, Walmart’s legal and regulatory proceedings and its FPCA-related matters and compliance program;
  • unexpected changes in accounting principles, estimates and judgments; and
  • unanticipated restructurings and the related expenses.

Regulatory and other factors:

  • competitive pressures, including competitive initiatives of other retailers;
  • adoption of new, and changes in existing, laws and changes in tax rates;
  • the level of public assistance payments and eligibility requirements for such payments; and
  • trade restrictions and tariff rates.

In addition, the risks discussed in Walmart’s most recent annual report on Form 10-K filed with the SEC may cause actual results to differ materially from the guidance, projections, estimates and expectations discussed in or implied by the forward looking statements herein.  You should consider the forward-looking statements in this release in conjunction with that annual report on Form 10-K and Walmart’s quarterly reports on Form 10-Q and current reports on Form 8-K filed with the SEC. Walmart urges you to consider all of the risks, uncertainties and factors identified above or discussed in such reports carefully in evaluating the forward-looking statements in this call.  Walmart cannot assure you that the results discussed in or implied by any forward-looking statement will be realized or, even if substantially realized, that those results will have the forecasted or expected consequences and effects for or on Walmart, its operations or its financial performance. The forward-looking statements made herein are as of the date of this release.  Walmart undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances.

Walmart Agrees to Acquire Jet.com, One of the Fastest Growing e-Commerce Companies in the U.S.

Walmart Agrees to Acquire Jet.com

Walmart Agrees to Acquire Jet.com, One of the Fastest Growing e-Commerce Companies in the U.S.

Deal Positions Walmart for Expanded e-Commerce Growth and Customer Reach

Walmart Agrees to Acquire Jet.com, One of the Fastest Growing e-Commerce Companies in the U.S.

BENTONVILLE, Ark. and HOBOKEN, N.J., August 8, 2016 Wal-Mart Stores, Inc. and Jet.com, Inc. today announced they have entered into a definitive agreement for Walmart to acquire Jet for approximately $3 billion in cash, a portion of which will be paid over time. Additionally, $300 million of Walmart shares will be paid over time as part of the transaction.

The acquisition will build on and complement the significant foundation already in place to serve customers across the Walmart app, site and stores and position the company for even faster e-commerce growth in the future by expanding customer reach and adding new capabilities. The acquisition, which is subject to regulatory approval, has been approved by the Boards of Directors for both companies and is expected to close this calendar year.

“We’re looking for ways to lower prices, broaden our assortment and offer the simplest, easiest shopping experience because that’s what our customers want,” said Doug McMillon, president and CEO, Wal-Mart Stores, Inc. “We believe the acquisition of Jet accelerates our progress across these priorities. Walmart.com will grow faster, the seamless shopping experience we’re pursuing will happen quicker, and we’ll enable the Jet brand to be even more successful in a shorter period of time. Our customers will win. It’s another jolt of entrepreneurial spirit being injected into Walmart.”

Jet is among the fastest growing and most innovative e-commerce companies in the U.S., with an experienced leadership team led by co-founder and CEO Marc Lore, together with fellow co-founders Mike Hanrahan and Nate Faust. Among other things, Lore previously co-founded and led Quidsi, the parent company of e-commerce sites Diapers.com, Soap.com and Wag.com. With the help of Faust and Hanrahan, Lore grew Quidsi into a prominent and successful business that was ultimately sold. The acquisition of Jet will infuse Walmart with fresh ideas and expertise, as well as an attractive brand with proven appeal, especially with Millennials, the first generation of true digital natives. Among other things, Jet has:

  • Demonstrated ability to scale with speed, reaching $1 billion in run-rate Gross Merchandise Value (GMV) and offering 12 million SKUs in its first year.
  • A growing customer base of urban and millennial customers with more than 400,000 new shoppers added monthly and an average of 25,000 daily processed orders.
  • Best-in-class technology that rewards customers in real time with savings on items that are bought and shipped together, thereby reducing the supply-chain and logistics costs often buried in the price of goods.
  • A select group of more than 2,400 retailer and brand partners tailored to create an attractive and distinctive assortment for consumers.

“We started Jet with the vision of creating a new shopping experience,” Lore said. “Today, I couldn’t be more excited that we will be joining with Walmart to help fuel the realization of that vision. The combination of Walmart’s retail expertise, purchasing scale, sourcing capabilities, distribution footprint, and digital assets – together with the team, technology and business we have built here at Jet – will allow us to deliver more value to customers.”

Walmart and Jet will maintain distinct brands, with Walmart.com focusing on delivering the company’s Everyday Low Price strategy, while Jet will continue to provide a unique and differentiated customer experience with curated assortment. Walmart and Jet will leverage innovative technology solutions from both companies to develop new offerings to help customers save time and money.

Walmart believes it will obtain the necessary regulatory approvals to complete the transaction and both companies intend to make all necessary filings in the near future.

As a reminder, Walmart will release its second quarter earnings on Thursday, Aug. 18, 2016.

Financial advisors to Walmart on this transaction were Allen & Company and J.P. Morgan Securities LLC.

About Walmart
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and live better – anytime and anywhere – in retail stores, online, and through their mobile devices. Each week, nearly 260 million customers and members visit our 11,527 stores under 63 banners in 28 countries and e-commerce websites in 11 countries. With fiscal year 2016 revenue of $482 billion, Walmart employs more than 2.3 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting