New Walmart CEO begins tenure with cautious Outlook
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John Furner introduced himself to Walmart's 2.1 million employees with a "simple ask"—that they send him their biggest pain points.
It marks the first earnings report since new Walmart CEO John Furner took over in early February.
Walmart Inc. WMT stock turned volatile on Thursday after the company issued a worse-than-expected fiscal 2027 outlook. • WMT stock may gain traction. See the full story here. Earnings Snapshot The company reported adjusted earnings per share of 74 cents,
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Walmart rises on earnings, major buyback plan, outlook misses views
Walmart delivers lower-than-expected outlook with its first report under its new CEO. These metrics topped views.
Walmart ’s stock has more than doubled in the past two years, driving its market capitalisation above $1tn. Consumers seeking a reprieve from inflation have sought out its low prices, while the company recently shifted its stock listing to the tech-heavy Nasdaq exchange as it sought to emphasise technology investments including automation and AI.
Amazon.com Inc. has officially dethroned Walmart Inc. as the biggest global company by revenue, a milestone attesting to the massive scale the e-commerce