Sam's Club news and archive

Walmart names new US chief operating officer as executive reshuffle continues

Walmart is replacing the chief operating officer of its US business, the latest in a string of leadership changes as new chief executive John Furner reshapes the top ranks of the world's largest retailer. Kieran Shanahan, 45, will step down as COO of Walmart US this week, according to an internal memo first reported by The Wall Street Journal....

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Business

Walmart reports strong Q3, ups FY25 outlook

Consolidated third quarter revenue at Walmart of 169.6 billion dollars, increased by 5.5 percent or 6.2 percent on constant currency basis. Raising its outlook for FY25, the company said net sales to reach 642.6 billion dollars, adjusted operating income at 27.1 billion dollars and adjusted EPS of 2.22 dollars. We had a strong quarter,...

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Business

Walmart Q3 revenues increase by 5.2 percent

Consolidated revenue of 160.8 billion dollars at Walmart, were up 5.2 percent or 4.3 percent in constant currency. For fiscal 2024, the company expects consolidated sales to Increase approximately 5 percent to 5.5 percent, operating income to increase approximately 7 percent to 7.5 percent, and adjusted EPS in the range of 6.40 dollars to 6.48...

Fashion

Walmart and Sam's Club launch Elton John eyewear collection

Walmart and Sam’s Club are launching the Elton John Eyewear collection. The line has already been released at Sam’s Club, and will be available at Walmart later this week. Elton John, whose iconic style goes hand in hand with his music career, collaborated with the retailers on the collection. Featuring names such as Rocketman, A-list and...