Doug McMillon, president and CEO of Walmart, will receive the Legacy Award at Junior Achievement of Arkansas’ first-ever Hall of Fame Gala. The gala, which is scheduled for May 9 at the Statehouse Convention Center in Little Rock, will replace…
Doug McMillon
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Driven by Purpose: Walmart CEO Talks Company Values on Simon Sinek Podcast
Doug McMillon, president and CEO of Walmart, joined Simon Sinek on the podcast, A Bit of Optimism, to discuss the importance of values and Walmart’s impact on the world during an episode titled, “The Value of Values with Walmart CEO…
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Always Lower Emissions. Always. Walmart Makes Strides to Reduce Emissions with Alternative Fuel Vehicles
by Dwain Hebdaby Dwain HebdaAs one of the nation’s largest retailers, Arkansas-born Walmart, has pioneered a number of industry firsts. Its latest achievement may well be its most impressive and lasting yet, as the Bentonville-based giant makes good on its commitment toward more sustainable…
Some people choose a career because it will make them the most money. Others just find what jobs they can and may or may not grow to suit them. A few lucky individuals, Dean Matthew Waller of the Sam M.…
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Rising thefts may mean closures, price increases at Walmart
by AMP Staffby AMP StaffWalmart CEO Doug McMillon stated this past week that a rise in shoplifting may spell closure and price hikes for many stores in the Walmart chain. McMillon shared on an episode of CNBC’s Squawk Box that he believes prosecutors are…
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Walmart Wraps Up Largest-Ever Annual Open Call Event
by AMP Staffby AMP StaffThis week, more than 1,100 businesses from across the country pitched their products made, grown or assembled in the U.S. to Walmart and Sam’s Club merchants at Walmart’s ninth annual Open Call. Preliminary results indicate that more than 330 of…
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Walmart Releases First Quarter FY 2023 Earnings Report
by AMP Staffby AMP StaffWalmart released its Q1 for FY2023 earnings on Tuesday. The total revenue for Walmart’s Q1 FY23 was $141.6 billion, up 2.4 billion, or 2.6 billion in constant currency. The company reported that growth was negatively affected by $5.0 billion due…
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PayPal Executive Named New Chief Financial Officer for Walmart
by AMP Staffby AMP StaffFormer PayPal executive John Rainey has been named Walmart’s next Executive Vice President and Chief Financial Officer, the company announced on Tuesday. Rainey will assume the responsibilities of CFO at Walmart effective June 6, 2022. “John has a proven track…
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Walmart Releases Q4 and FY22 Earnings Report, Plans for FY23
by AMP Staffby AMP StaffWalmart released its Q4 and FY22 earnings on Thursday. The total revenue for Walmart’s Q4 FY22 was $152.9 billion, up 0.5%. Comp sales grew 5.6% in Q4 with market share gains in grocery. eCommerce sales grew 1% in the U.S., 70% on…
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Walmart Reports 2Q Revenue of $141B
by AMP Staffby AMP StaffWalmart reported second-quarter revenue of $141 billion this week. That’s up 2.4 percent over last year’s 2Q, pandemic-impacted $137.7 billion. Net income of $4.28 billion, or $1.52 per share, was reported for the quarter, down from $6.48 billion, ($2.27 per…