Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Walmart Inc.    WMT

WALMART INC.

(WMT)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Target to spend $4 billion a year to speed up delivery as pandemic spurs online gains

03/02/2021 | 01:33pm EDT
FILE PHOTO: A Target shopping cart is seen in front of a store logo in Azusa

(Reuters) - Target Corp will invest $4 billion annually over the next several years as the big box retailer upgrades stores and strengthens its online business, hoping to cement gains made during the pandemic that led to blowout holiday quarter results.

Shares, up 80% for the year before Tuesday's announcement, fell as much as 6.8% on the expected hit to margins.

Target's push over the last year to use its retail outlets as fulfillment centers for online orders has drastically cut delivery times and enabled it to swipe market share from smaller rivals who rely more on their store traffic.

Sales through the company's same-day deliveries and store pick-up services more than tripled, while total revenue rose 21.1% to $28.34 billion in the quarter.

"We're in a position to play offense and lean into the opportunity to build on last year's momentum," Chief Operating Officer Michael Fiddelke said.

The company expects to remodel 150 stores in time for the holiday season to cater to same-day fulfillment, as it seeks to better compete with Amazon.com Inc and Walmart Inc.

Walmart, another retail winner of the health crisis, in February forecast higher investments this year in areas like supply chain and automation.

Target estimated the investments to cause this year's operating margin rate to fall below the 7% recorded in 2020 but remain above 6%.

The company said it plans to launch 30 to 40 stores each year, compared with 30 in 2020, with new small format outlets in New York City, Los Angeles and Portland.

While Target refrained from providing sales and earnings forecasts for fiscal 2021, it expects to benefit from new stimulus money but unsure by how much.

Comparable sales rose 20.5% in the fourth quarter, comfortably beating estimates for a 16.4% rise, according to IBES data from Refinitiv.

(Reporting by Uday Sampath in Bengaluru; Editing by Sriraj Kalluvila)

By Uday Sampath Kumar


© Reuters 2021
All news about WALMART INC.
03:44aAmazon Vote Deals Blow to Expanding Labor Union Membership
DJ
04/09NORWEGIAN CRUISE LINE, NETFLIX, AMAZ : Stocks That Defined the Week
DJ
04/09LIVESTOCK HIGHLIGHTS : Top Stories of the Day
DJ
04/09J.M. Smucker Recalls Two Lots of Meow Mix Bags Due to Possible Salmonella
DJ
04/09Amazon Workers in Alabama Vote Against Forming a Union -- 5th Update
DJ
04/09WALMART  : eyes local companies as McDonald's exits some stores
AQ
04/09UPDATE : McDonald's to Shut Hundreds of Walmart Locations
MT
04/09MARKET CHATTER : McDonald's to Reportedly Shut Hundreds of Walmart Locations
MT
04/09STREET COLOR : McDonald's Will Close Hundreds of Walmart Locations as Pandemic C..
MT
04/09Amazon Workers in Alabama Vote Against Forming a Union --Update
DJ
More news
Financials (USD)
Sales 2022 548 B - -
Net income 2022 15 065 M - -
Net Debt 2022 33 389 M - -
P/E ratio 2022 26,1x
Yield 2022 1,57%
Capitalization 394 B 394 B -
EV / Sales 2022 0,78x
EV / Sales 2023 0,75x
Nbr of Employees 2 300 000
Free-Float 2,07%
Chart WALMART INC.
Duration : Period :
Walmart Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends WALMART INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 38
Average target price 159,06 $
Last Close Price 139,78 $
Spread / Highest target 28,8%
Spread / Average Target 13,8%
Spread / Lowest Target -14,2%
EPS Revisions
Managers and Directors
NameTitle
C. Douglas McMillon President, Chief Executive Officer & Director
Brett M. Biggs Chief Financial Officer & Executive Vice President
Gregory B. Penner Non-Executive Chairman
Clay Johnson Enterprise Chief Information Officer & EVP
Jerry R. Geisler Chief Information Security Officer & Senior VP
Sector and Competitors
1st jan.Capitalization (M$)
WALMART INC.-3.03%393 770
ALIMENTATION COUCHE-TARD INC.-4.63%35 839
SEVEN & I HOLDINGS CO., LTD.17.85%34 704
AVENUE SUPERMARTS LIMITED6.66%25 546
SM INVESTMENTS CORPORATION-8.01%23 940
COLES GROUP LIMITED-12.51%16 117