Walmart stock tumbles as supply chain snarls hit margins ahead of holidays

Go back to Walmart stock tumbles as supply chain snarls hit margins ahead of holidays

Walmart (WMT) Partners with Zipline to Launch Autonomous Aircraft Delivery Service in Northwest Arkansas

November 18, 2021 7:06 AM EST

The future of instant deliveries in Northwest Arkansas is looking up as Walmart (NYSE: WMT) and Zipline announced today the launch of its much-anticipated instant delivery service in Pea Ridge, Ark. The new service will make on-demand deliveries of select health and wellness and consumable items from the Walmart Neighborhood Market in Pea Ridge, Ark.

Ziplines autonomous aircraft present an incredible opportunity to offer customers an on-demand delivery option for the items they need now, such as a thermometer, non-prescription medication or an emergency pack of diapers, said Tom Ward, senior vice... More

Walmart (WMT) Tops Estimates and Raises Guidance but Stock Reaction Muted on Lower EBIT and Higher Costs

November 16, 2021 8:54 AM EST

Shares of Walmart (NYSE: WMT) are trading moderately lower in pre-open despite the company reporting better-than-expected Q3 results.

Walmart reported Q3 EPS of $1.45 to top the analyst estimate of $1.40. Revenue for the quarter came in at $140.5 billion versus the consensus estimate of $135.6 billion.

US Q3 comp sales rose 9.2% compared to a year ago, and 15.6% compared to two years... More