“Walmart shares are posting their best annual gain in two decades as low prices on everyday goods give the retail giant an edge over rivals.”, — write: www.epravda.com.ua
Walmart shares are posting their best annual gain in two decades as low prices on everyday goods give the retail giant an edge over rivals.
About this informs Reuters.
The stock has gained about 60% in 2024, outperforming the 13% gain in the S&P 500 Consumer Staples index and the 21% gain in the S&P 500 Consumer Discretionary index.
The stock jumped 106% in 1998 as the company expanded its supermarket format and strengthened its position in Canada and Mexico.
This record jump was sandwiched between a roughly 70% increase in Walmart’s stock price between 1997 and 1999.
Over the past few years, the company has invested billions in automating its supply chain to keep its stores fresh and to improve delivery times as consumers increasingly prefer the convenience of shopping online.
Growth in Walmart’s advertising and membership segments drove more than 50% growth in operating profit in the second quarter.
We will remind:
Three online retailers powered by Walmart-owned Flipkart submitted sued India’s antitrust agency over an investigation that found it, Flipkart, and rival Amazon violated antitrust laws.