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Top related persons:
John David Rainey - 1 Rainey - 1 Doug McMillon - 1 Judith McKenna - 1 Kath McLay - 1 Chris Nicholas - 1 " Rainey - 1 Walmart's - 1
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Walmart - 1 Walmart U.S - 1 CNBC - 1 Sam's - 1 Walmart Connect - 1

Search resuls for: "Kath McLay"


3 mentions found


☆ Walmart raises full-year earnings forecast as grocery, online growth fuel higher sales
  + stars: | 2023-08-17 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com   time to read: +5 min
It said adjusted earnings per share for the year will range between $6.36 and $6.46. That compares with its prior guidance for consolidated net sales gains of 3.5% and an adjusted earnings per share range of between $6.10 and $6.20. Transactions increased by 2.9% and the average ticket rose by 3.4% for Walmart U.S.Same-store sales for Walmart U.S. grew by 6.4% in the second quarter, excluding fuel, compared with the year-ago period. Sales for Walmart Connect, the company's advertising business in the U.S., grew 36% year over year. In the grocery department at Walmart U.S., sales of private labels rose 9% year over year.
Persons: John David Rainey, Rainey, Doug McMillon, Judith McKenna, Kath McLay, Chris Nicholas, " Rainey, Walmart's, John Furner Organizations: Walmart, Walmart U.S, CNBC, Sam's, Walmart Connect Locations: U.S
☆ Five takeaways about the consumer from Walmart, other retailers after a big week of earnings
  + stars: | 2023-05-19 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com   time to read: +8 min
So far, at least five retailers – Target, Walmart, Tapestry , Bath and Body Works and Foot Locker – have spoken about sales trends across the country getting worse. The retailer's comparable sales in the U.S. declined 4.6% in the quarter versus the year-ago period. Target, Home Depot and Walmart all saw a noticeable pattern: Fewer pricey and fun items in shopping carts. At Home Depot, customers bought fewer big-ticket items like appliances and grills in the fiscal first-quarter. Customers at Walmart have become more selective when shopping for electronics, TVs, home items and apparel, Rainey told CNBC.
☆ Walmart-owned Sam's Club plans to open about 30 new stores over next five years
  + stars: | 2023-01-26 | by ( Melissa Repko | ) www.cnbc.com   time to read: +2 min
Walmart -owned Sam's Club on Thursday said it will open more than 30 new stores in the U.S., marking its most aggressive expansion in years. Sam's Club also plans to open five fulfillment and distribution centers this year, with the first of those opening in Georgia. "During times like inflation, times when people have pressure on their household budget, it's a time when Sam's Club can really show up," she said in a CNBC interview. Its most recent new club opened in 2017 in Hanover, Pa.McLay said the new stores will open in high-growth suburban areas where Sam's Club has few stores or no stores, but declined to specify the locations, citing competitive reasons. Sam's Club's new stores will be about 160,000 square feet — larger than Sam's Club's typical footprint of about 140,000.
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