Tuesday, September 26, 2023
  • Login
CEO North America
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
CEO North America
No Result
View All Result

Walmart Sales Rise as Retail Giant Lifts Annual Forecast

in News
Walmart continues hiring spree, 50,000 new jobs by end of first quarter
Share on LinkedinShare on WhatsApp

Walmart sales rose by nearly 9% in the fiscal third quarter beating Wall Street’s expectations, as the retail giant raised its full-year outlook.

In the last quarter Walmart posted a net loss of $1.8 billion, or 66 cents per share, down from a profit of $3.11 billion, or $1.11 per share, a year earlier. The company reported earnings of $1.50 per share on an adjusted basis.

For the full-year, Walmart forecast net sales to rise 5.5%, above its previous forecast of a 4.5% increase.

The loss of $1.8 billion was due to $3.3 billion in legal settlements, as part of opioid-related legal charges.

In a statement, Walmart said it “strongly disputes the allegations in these matters, and this settlement framework does not include any admission of liability.”

The retail giant also announced a new $20-billion share buyback plan, sending its shares as much as up 7% in Tuesday’s early trading.

“In this period of macroeconomic uncertainty… we are well equipped to continue gaining market share in an environment where consumers need to stretch their dollars further,” Chief Financial Officer John David Rainey said on an investor call.

Tags: Retail industryWalmart

Related Posts

Costco rolls out online healthcare services
Innovation

Costco rolls out online healthcare services

Amazon deploys $4 billion into ai company
Business

Amazon deploys $4 billion into AI company

Credit card companies continue racking up losses
Industry

Credit card companies continue racking up losses

Federal reserve to lay off hundreds of workers
Innovation

Federal Reserve to lay off hundreds of workers

Mcdonalds hikes up franchising royalty fees
Business

McDonalds hikes up franchising royalty fees

Hollywood studios reaches tentative deal with  wga
Industry

Hollywood studios reaches tentative deal with WGA

Philip morris weighs selling stakes in pharmaceutical sector
Business

Philip Morris weighs selling stakes in pharmaceutical sector

Treasury yield hits 15-year high
Industry

Treasury yield hits 15-year high

Cisco to acquire splunk for $28 billion
Business

Cisco to acquire Splunk for $28 billion

Rupert murdoch resigns as head of fox news and news corp.
Management & Leadership

Rupert Murdoch resigns as head of Fox News and News Corp.

No Result
View All Result

Recent Posts

  • Costco rolls out online healthcare services
  • Amazon deploys $4 billion into AI company
  • Usher tapped for Super Bowl halftime show
  • 67 countries sign UN ocean treaty
  • Amazon to implement ads on streaming service

Recent Comments

  • Juul Unveils Cutting-Edge Vaping Tech: Navigating FDA Uncertainties – iStreetPark Blog on Juul hopes FDA won’t ban its new high-tech vape
  • CEO North America, August - September 2023 - CEO North America on Interviews – CEO North America, October – November 2022
  • CEO North America, August - September 2023 - CEO North America on CEO North America, December 2022 – January 2023
  • CEO North America, August - September 2023 - CEO North America on Why Tech Companies Are Moving to Texas and Florida
  • CEO North America, August - September 2023 - CEO North America on CEO North America, February 2023 – March 2023

Archives

Categories

  • Art & Culture
  • Business
  • CEO Interviews
  • CEO Life
  • Editor´s Choice
  • Entrepreneur
  • Environment
  • Food
  • Health
  • Highlights
  • Industry
  • Innovation
  • Issues
  • Management & Leadership
  • News
  • Opinion
  • PrimeZone
  • Printed Version
  • Technology
  • Travel
  • Uncategorized

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Editorials – stuart.james@ceo-na.com

Advertising – media@ceo-na.com

NEW YORK

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

 

MEXICO CITY

Paseo de la Reforma 296,
Floor 38
Mexico City
06600
MEXICO

HOUSTON

1201 Fannin St.
Suite 262
Houston, TX
77002
USA

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Editorials –
stuart.james@ceo-na.com

Advertising –
media@ceo-na.com

NEW YORK

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

MEXICO CITY

Paseo de la Reforma 296,
Floor 38
Mexico City
06600
MEXICO

HOUSTON

1201 Fannin St.
Suite 262
Houston, TX
77002
USA

CEO North America © 2022 - Sitemap

No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Warning: array_sum() expects parameter 1 to be array, null given in /home/ceonacom/public_html/wp-content/plugins/jnews-social-share/class.jnews-social-background-process.php on line 111