United States

Wal Mart Stores Inc (WMT)

WMT on New York Consolidated

5 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Wal Mart reports Q1 consolidated constant currency net sales up 3.9 pct
Thursday, 19 May 2016 07:02am EDT 

Wal Mart Stores Inc : Q1 Walmart U.S. net sales $73.30 billion versus $70.25 billion . Q1 Walmart international net sales $28.08 billion versus $30.28 billion . Q1 Sam's Club net sales $13.61 billion versus $13.48 billion . Q1 Walmart U.S. comparable store sales (without fuel) up 1 percent . Q1 Sam's Club comparable store sales (without fuel) up 0.1 percent . Q1 total U.S. comparable store sales (without fuel) up 0.8 percent .Q1 consolidated net sales up 3.9 percent on constant currency basis.  Full Article

Wal Mart Stores Q1 earnings per share $0.98
Thursday, 19 May 2016 07:02am EDT 

Wal Mart Stores Inc : Q1 earnings per share $0.98; Q1 net sales $115 billion, up 0.9 percent; Q1 total revenue $115.9 billion, up 0.9 percent . On a constant currency basis, Q1 total revenue was $119.4 billion, up 4 percent . Q1 earnings per share view $0.88, revenue view $113.22 billion -- Thomson Reuters I/B/E/S . Q1 e-commerce sales and GMV up 7 percent and 7.5 percent, respectively, globally on a constant currency basis . Sees Q2 earnings per share to range between $0.95 and $1.08 . Q2 earnings per share view $0.98 -- Thomson Reuters I/B/E/S . Sees Q2 Walmart U.S. comp sales to be up about 1 percent; sees Q2 Sam's Club comp sales, without fuel, to be slightly positive ."We are focused on building the e-commerce capabilities we need to drive growth to a higher level".  Full Article

Dean Foods Presentation : Competed for and won a significant long-term agreement, totaling 40 million gallons annually, starting in June
Tuesday, 10 May 2016 09:40am EDT 

Dean Foods Co : Presentation- competed for and won a significant long-term agreement, totaling 40 million gallons annually, starting in june . Ceo- expect commodity costs to remain favorable as global production growth continues to outpace demand . Ceo - dialogue with wal-mart is ongoing, still believe impact from walmart's planned milk plant will not be material to our results . Ceo on conf call - estimate new contract plus friendly's acquisition to increase q2 volume growth rate by about 300 basis points. . Ceo on conf call - expect raw milk commodity costs to remain benign for rest of year (Bengaluru Newsroom: +1-646-223-8780).  Full Article

Wal-Mart Stores Inc probe in final lap with scant China findings - Bloomberg - Reuters News
Friday, 18 Mar 2016 10:33am EDT 

Wal-Mart Stores Inc:U.S. prosecutors are in the final phase of a globe-spanning investigation into bribery allegations at Wal-Mart Stores Inc., according to people familiar with the matter, who said work in China has been bedeviled by disclosure rules and lack of evidence. - Bloomberg.As part of a four-year investigation into alleged corruption at the retail giant, Justice Department officials over the past few months have been interviewing former executives and others associated with Wal-Mart’s China operations, according to people familiar with the matter.Investigators haven’t found widespread corrupt payments to government officials there, said the people, who asked not to be named because the investigation is confidential.That’s consistent with results as investigators have chased bribery allegations across the globe, starting with Mexico.In November 2011, Wal-Mart disclosed possible violations in Mexico to the Justice Department and Securities and Exchange Commission.The New York Times reported in April 2012 that company officials in Mexico had paid $24 million in alleged bribes and then shut down an internal investigation.  Full Article

Wal-Mart Stores Inc cuts more staff at headquarters - WSJ - Reuters
Thursday, 25 Feb 2016 09:30pm EST 

Wal-Mart Stores Inc:Wal-Mart Stores Inc. laid off more than 100 employees at its headquarters this week, adding to a string of staff cuts the retailer has made in recent months - WSJ.  Full Article

Wal-Mart Stores Inc - Asda, Tesco, Lidl and Waitrose recalls thousands of Mars chocolates -Leicester Mercury
Thursday, 25 Feb 2016 07:00pm EST 

Wal-Mart Stores Inc:One of the biggest chocolate manufactures in the world issued a major product recall on Tuesday affecting 55 countries after a customer found a piece of red plastic in Mars' chocolate - Leicester Mercury.Now supermarkets here in Britain have issued their own recalls of various Mars products, with four big chains issuing information to customers.Asda, Tesco, Lidl and Waitrose have now all issued separate notices relating to packets of Celebrations and Mars, Milky Way and Family Funsize.  Full Article

Wal-Mart Stores board approved annual cash dividend for fiscal year 2017 of $2.00 per share
Thursday, 18 Feb 2016 07:04am EST 

Wal-Mart Stores:Says board approved an annual cash dividend for fiscal year 2017 of $2.00 per share.  Full Article

Wal-Mart Stores Inc-owned supermarket chain Asda to cut hundreds of jobs -Sky News - Reuters
Monday, 18 Jan 2016 06:39am EST 

Wal-Mart Stores Inc:Sky News has learnt that Asda, which is owned by Wal-Mart, is to inform staff this week about the latest round of redundancies, which will be largely focused on its head office in Leeds - Sky News.The cuts will come after most of Asda's rivals posted better-than-expected sales performances during the important Christmas trading period - Sky News.Sources said the final number of redundancies from Asda's head office remained unclear on Monday morning but added that it would be "in the hundreds". - Sky News.Asda employs 170,000 people across the UK, including 3,000 at its head office. - Sky News.  Full Article

Wal-Mart Stores Inc - U.S. Consumer Product Safety Commission says Walmart recalls Rival griddles due to shock hazard - Reuters
Tuesday, 12 Jan 2016 01:46pm EST 

Wal-Mart Stores Inc:Walmart recalls rival griddles due to shock Hazard; sold exclusively at walmart - RTRS.U.S. consumer product safety commission says recall involves 330,000 rival brand electric griddles with model number xj-14207 - RTRS.  Full Article

Wal-Mart Stores Inc sued over sale of bullets used in Pennsylvania murders - Reuters
Thursday, 7 Jan 2016 06:40pm EST 

Wal-Mart Stores Inc:Wal-Mart Stores Inc, faces a lawsuit in Pennsylvania claiming store employees negligently allowed an underage, intoxicated customer to buy a box of bullets later used to commit three murders. - RTRS.The lawsuit, filed in Philadelphia by families of the victims, seeks compensatory and punitive damages from Wal-Mart and several employees at its Easton, Pennsylvania, store, where the bullets were purchased by Robert Jourdain on July 5 at 2:56 a.m. - RTRS.The Bentonville, Arkansas-based company operates stores under the Walmart name - RTRS.“At no time did the Walmart defendants ... require that Robert Jourdain present appropriate and valid identification,” the lawsuit says. “Nor did the defendants take any precautions to determine whether Mr. Jourdain was intoxicated.” - RTRS.Jourdain, then 20, walked out of the store with the bullets and handed them to Todd West, then 22, who loaded them into his .38 caliber Smith & Wesson revolver, the suit says - RTRS.About 15 minutes later, West randomly shot and killed a stranger, Kory Ketrow, 22, in Easton. Twenty minutes after that, he murdered Francine Ramos, 32, and Trevor Gray, 21, in Allentown. Both of them were strangers to him. - RTRS.Until recently, sellers of guns and ammunition assumed they were protected from liability by the federal Protection of Lawful Commerce in Arms Act. - RTRS.  Full Article


Wal-Mart to settle U.S. lawsuit over benefits for same-sex spouses

Wal-Mart Stores Inc on Friday said it would pay $7.5 million to settle a U.S. lawsuit claiming it discriminated against gay employees nationwide by denying health benefits to their spouses.