Key findings: Walmart sold its stake in JD.com at a time when its Chinese business is benefiting from a growing local preference for Costco’s warehouse-style shopping. JD.com continues to face strong competition in China’s tough e-commerce market as consumption in the country remains sluggish By Xiao Lin There are no eternal allies […]
Walmart has recalled over 9,500 cases of its Great Value brand apple juice because levels of inorganic arsenic exceed FDA limits. Despite the extensive recall, Walmart’s share price rose 10% in August. Walmart’s positive earnings report on August 15 contributed to the stock’s rise. Walmart Inc WMT has recalled over 9,500 […]
Performance Food Group Co. PFGC is one of the largest food distributors in the United States. The company sources, markets and delivers food and food-related products to over 125,000 food service businesses through a network of over 150 distribution facilities. The company is acquiring food distributor Cheney Brothers for $2.1 billion, which will expand its […]
On Thursday, Walmart Inc WMT has reported its results for the second quarter of the fiscal year, beating Wall Street estimates for both revenue and profit. Due to the strength of its half-year results, the largest US retailer has raised its full-year forecast. This is quite a contrast to the cautious Home Depot HD The […]
Home Depot HD released its second-quarter earnings report and presented a mixed picture to investors. While the company beat Home Depot analysts’ earnings estimates, its lowered comparable sales forecast for fiscal 2024 caused Home Depot’s share price to decline. Following the announcement, Home Depot shares fell about 5% in premarket trading but recovered some losses […]
