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Why Walmart Is Winning Again

The Walmart machine is in full swing.
The retail giant today reported another round of blockbuster earnings — this time during the all-important holiday period — with its fourth-quarter profits up nearly 70 percent to $3.69 billion, or $1.27 per diluted share. On adjusted basis, profits were $1.42 per share — handily topping the $1.33 per share Wall Street had expected.
The firm — which took advantage of the white space left in the market after the Toys ‘R’ Us demise — leveraged a series of new and existing omnichannel initiatives during the holidays, including the expansion of its grocery pickup service. It also boosted its online offerings — launching Lord & Taylor on Walmart.com — as well as added Nike and Apple shops to owned-site Jet.com.
As a result, comparable sales for its U.S. stores climbed 4.2 percent while e-commerce sales soared 43 percent in the region. (E-commerce sales are for Walmart.com.)
Overall, Walmart’s total Q4 revenues advanced 2.5 percent to $1.39 billion, roughly in line with analysts’ bets.
“We had a good year, and I want to thank our associates for their great work and openness to change. They continue to inspire us as we strive to serve our customers better every day,”

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Via:: https://footwearnews.com/2019/business/earnings/walmart-stock-earnings-q4-2019-holiday-quarter-1202746885/