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Walmart Inc (WMT.N)

WMT.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Flipkart's Binny Bansal Says "Strongly Deny" Allegation Of Serious Personal Misconduct
9:37am EST 

Nov 13 (Reuters) - Binny Bansal: :FLIPKART'S BINNY BANSAL SENDS LETTER TO EMPLOYEES.FLIPKART'S BANSAL SAYS "MY PLAN WAS TO CONTINUE IN MY CURRENT ROLE FOR A FEW MORE QUARTERS" TO CONTINUE TRANSITION AFTER CLOSING DEAL WITH WALMART.FLIPKART'S BANSAL SAYS "MY DECISION TO STEP DOWN HAS BEEN ACCELERATED BY CERTAIN PERSONAL EVENTS THAT HAVE TAKEN PLACE IN THE RECENT PAST".FLIPKART'S BANSAL SAYS PERSONAL EVENTS ACCELERATING DECISION TO STEP DOWN RELATE TO A "CLAIM OF SERIOUS PERSONAL MISCONDUCT MADE AGAINST ME".FLIPKART'S BANSAL SAYS INVESTIGATION, DID BRING TO LIGHT LAPSES IN JUDGMENT, "PARTICULARLY A LACK OF TRANSPARENCY, RELATED TO HOW I RESPONDED TO THE SITUATION".FLIPKART'S BANSAL SAYS WILL CONTINUE TO BE A LARGE SHAREHOLDER IN THE COMPANY AND WILL CONTINUE TO SERVE AS A MEMBER OF THE BOARD.FLIPKART'S BANSAL SAYS "STRONGLY DENY" ALLEGATION OF SERIOUS PERSONAL MISCONDUCT MADE AGAINST HIM.FLIPKART'S BANSAL SAYS "WILL CONTINUE TO BE A LARGE SHAREHOLDER IN THE COMPANY AND WILL CONTINUE TO SERVE AS A MEMBER OF THE BOARD".  Full Article

Massmart Says Sales Growth Improves In 43 Weeks Ended Oct. 28
Monday, 5 Nov 2018 09:00am EST 

Nov 5 (Reuters) - Massmart Holdings Ltd ::SALES UPDATE FOR THE 43 WEEKS ENDED 28 OCTOBER 2018.SALES GROWTH HAS IMPROVED SINCE OUR PREVIOUS UPDATE WHICH WAS FOR 33 WEEKS TO 19 AUGUST 2018.TOTAL LIKE-ON-LIKE SALES FOR 43-WEEK PERIOD AMOUNTED TO R70.5 BLN AND REPRESENTS AN INCREASE OF 3.5%.LIKE-ON-LIKE STORE SALES INCREASING BY 1.7%. PRODUCT DEFLATION IS ESTIMATED AT 0.4% FOR 43-WEEK PERIOD.TOTAL SALES FOR 43-WEEK PERIOD OF R70.5 BLN REPRESENTS A DECLINE OF 1.5%, WITH COMPARABLE STORE SALES DECLINING BY 3.3%.  Full Article

Walmart Canada Launches 22 New Online Grocery Pickup Locations
Tuesday, 23 Oct 2018 04:30am EDT 

Oct 23 (Reuters) - Walmart Inc ::WALMART CANADA STRENGTHENS E-COMMERCE INTEGRATION WITH LAUNCH OF ADDITIONAL ONLINE GROCERY PICKUP LOCATIONS, MOBILE CHECK-IN AND PICKUP TOWERS.WALMART CANADA - GROCERY PICKUP ADDED AT 22 NEW LOCATIONS IN REGINA, HALIFAX, MONCTON, VICTORIA AND QUEBEC CITY.  Full Article

Walmart Reports FY19 GAAP EPS Guidance Is Now $2.65 To $2.80
Tuesday, 16 Oct 2018 06:54am EDT 

Oct 16 (Reuters) - Walmart Inc ::WALMART - FY19 GAAP EPS GUIDANCE IS NOW $2.65 TO $2.80.WALMART - FY19 ADJUSTED EPS GUIDANCE IS NOW $4.65 TO $4.80.WALMART - EXPECTS TOTAL FY20 SALES GROWTH TO BE 3 PERCENT OR GREATER.WALMART-REITERATES FY19 TOTAL SALES GROWTH EXPECTATIONS, UPDATES FY19 GAAP, ADJUSTED EPS TO INCLUDE THE EXPECTED 25 CENTS PER SHARE FLIPKART DILUTION..WALMART - EXPECTS TOTAL FY20 SALES GROWTH TO BE 3 PERCENT OR GREATER, NEGATIVELY AFFECTED BY ABOUT 100 BASIS.WALMART - U.S. COMP SALES GROWTH EXPECTED TO BE 2.5 PERCENT TO 3 PERCENT AND ECOMMERCE NET SALES GROWTH IS EXPECTED TO BE AROUND 35 PERCENT FOR FY20.WALMART -FY20 EPS IS EXPECTED TO DECLINE BY A LOW SINGLE DIGIT PERCENTAGE RANGE VERSUS FY19 ADJUSTED EPS.WALMART - FY20 EPS IS EXPECTED TO DECLINE BY A LOW SINGLE DIGIT PERCENTAGE RANGE VERSUS FY19 ADJUSTED EPS.WALMART - EXCLUDING FLIPKART, FY20 EPS IS EXPECTED TO INCREASE BY A LOW TO MID-SINGLE DIGIT PERCENTAGE RANGE VERSUS FY19 ADJUSTED EPS.WALMART - SEES FY20 OPERATING INCOME FALL BY LOW SINGLE DIGIT PERCENT RANGE, BUT RISE BY LOW SINGLE DIGIT PERCENT RANGE ON EXCLUDING FLIPKART IN FY19, FY20.WALMART - WALMART INTERNATIONAL EXPECTS TO OPEN SLIGHTLY MORE THAN 300 NEW STORES PRIMARILY IN WALMEX AND CHINA IN FY20.WALMART - WALMART U.S. ECOMMERCE NET SALES GROWTH IS EXPECTED TO BE AROUND 35 PERCENT FOR FY20.WALMART - SEES FY20 CAPEX ABOUT $11 BILLION.WALMART - SEES ABOUT 3,100 GROCERY PICKUP AND 1,600 GROCERY DELIVERY LOCATIONS BY YEAR-END FY20.  Full Article

Sainsbury's/Asda welcome "detailed and thorough review" by CMA on proposed merger
Tuesday, 16 Oct 2018 05:49am EDT 

Oct 16 (Reuters) - Sainsbury's ::SAINSBURY'S <<>> AND ASDA <<>> SAY "WELCOME THE DETAILED AND THOROUGH REVIEW BY THE CMA" ON PROPOSED MERGER DEAL.  Full Article

Walmart And Eko Announce JV To Create Interactive Storytelling For Entertainment, Retail
Thursday, 11 Oct 2018 08:00am EDT 

Oct 11 (Reuters) - Walmart Inc ::WALMART AND EKO ANNOUNCE JOINT VENTURE TO CREATE INTERACTIVE STORYTELLING FOR ENTERTAINMENT AND RETAIL.WALMART - IN CONNECTION WITH JV, WALMART HAS AGREED TO PARTICIPATE IN EKO’S NEXT FUNDING ROUND.WALMART - THE JOINT VENTURE, KNOWN AS W*E INTERACTIVE VENTURES, WILL BE LED BY BLOCH, WITH INPUT FROM SEVERAL INDUSTRY EXPERTS.  Full Article

Walmart Canada Launches Grocery Delivery In Metro Vancouver With Food-X
Thursday, 20 Sep 2018 06:58am EDT 

Sept 20 (Reuters) - Walmart Inc ::WALMART CANADA LAUNCHES GROCERY DELIVERY IN METRO VANCOUVER WITH FOOD-X.  Full Article

Walmart Canada Teams Up With Instacart
Thursday, 13 Sep 2018 05:59am EDT 

Sept 13 (Reuters) - Walmart Inc ::WALMART CANADA TEAMS UP WITH INSTACART TO OFFER SAME-DAY GROCERY DELIVERY IN AS FAST AS AN HOUR TO GREATER TORONTO AREA AND WINNIPEG CUSTOMERS.WALMART CANADA - SELECT REGIONS IN GREATER TORONTO AREA & WINNIPEG WILL BE ELIGIBLE FOR SAME-DAY GROCERY DELIVERY THROUGH INSTACART.  Full Article

Naspers Says Regulatory Conditions Have Been Met On Flipkart Stake Disposal Transaction
Monday, 20 Aug 2018 02:45am EDT 

Aug 20 (Reuters) - Naspers Ltd ::FLIPKART DISPOSAL TRANSACTION CLOSED.ALL REGULATORY CONDITIONS HAVE BEEN MET ON FLIPKART STAKE DISPOSAL TRANSACTION AND THAT TRANSACTION CLOSED EFFECTIVE 18 AUGUST 2018.  Full Article

Walmart And Capital One Sign Credit Card Program Agreement
Thursday, 26 Jul 2018 04:45pm EDT 

July 26 (Reuters) - Capital One Financial Corp ::WALMART AND CAPITAL ONE SIGN CREDIT CARD PROGRAM AGREEMENT.WALMART - CAPITAL ONE TO BECOME EXCLUSIVE ISSUER OF WALMART CREDIT CARDS.  Full Article

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CEO of Walmart's India venture resigns after sexual assault accusation: source

The head of Walmart Inc's Indian venture Flipkart Group, Binny Bansal, has resigned following an internal probe into "serious personal misconduct", Walmart said on Tuesday, and two people familiar with the matter said it involved an accusation of sexual assault.