Arkansas

BENTONVILLE, ARK. — Bentonville-based Walmart Inc. (NYSE:WMT) posted growth in earnings during its fiscal third quarter of 2021, which ended Oct. 31. Walmart’s total revenue was $140.5 billion, an increase of 4.3 percent from a year earlier when it was $134.7 billion. These numbers were also higher than Wall Street’s predictions of $135.6 billion, according to CNBC. According to Refinitiv, the discount retailer’s earnings per share were $1.45 adjusted versus $1.40 expected. Additionally, Walmart’s e-commerce sales increased 8 percent during the fiscal third quarter and 87 percent over a two-year period. Walmart raised its forecast for the rest of the year, believing it will continue to see growth. Based on full-year guidance, now the retailer expects its adjusted earnings per share will be approximately $6.40 versus its previous projection of between $6.20 and $6.35. To prepare for the upcoming holiday shopping season, Walmart boosted its inventory by 11.5 percent. More customers shopped at Walmart during the third quarter due to the retailer’s low prices and amid an inflationary period that is causing household items to rise in price, according to CNBC. Despite the growth in revenue, Walmart’s net income decreased to $3.11 billion, or $1.11 per share. A year prior, …

BENTONVILLE, ARK. — Walmart, a Bentonville-based discount retailer, has released plans to hire approximately 150,000 new store associates, with most of the job positions being permanent and full-time. The retailer wants to hire new employees ahead of the holiday season to ensure its stores are highly staffed for the predicted busy months. This July, the discount retailer announced it will invest approximately $1 billion over the next five years to pay college tuition and books for employees via its education program called Live Better U. Walmart also offers an average hourly wage of $16.40, with some jobs at the stores paying as much as $34 an hour. Other benefits include on-the-job and classroom training, affordable health insurance, a 10 percent discount on general merchandise and food for associates, as well as paid time off, no-cost counseling, 401(k) and parental leave. This hiring news follows the announcement the retailer made at the beginning of September in which Walmart planned to hire 20,000 new supply-chain employees in order to keep up with the company’s recent revenue growth. The company saw an increase of 2.4 percent year-over-year in revenue in its fiscal second quarter of 2021, which ended on July 31. The company …

BENTONVILLE, ARK. — Walmart Inc. plans to hire 20,000 more supply chain employees in order to keep up with the retailer’s recent growth. Walmart released a statement a few weeks ago saying that the company saw an increase in revenue by 2.4 percent year-over-year in its fiscal second quarter of 2021, which ended on July 31. The new employees will be hired across more than 250 Walmart and Sam’s Club distribution centers, fulfillment centers and transportation offices. The Bentonville, Ark.-based retailer will offer job roles including order fillers, freight handlers, lift drivers, technicians and management positions. The roles will be on a permanent basis and the new employees will be hired for both full-time and part-time positions. The average wage for the supply chain positions is $20.37 per hour. For new employees, Walmart has opened six new Walmart Academies, which have been established to train associates with both classroom and floor training in specialized supply chain skills, as well as soft skills such as leadership and communications. During the company’s fiscal year in 2021, 5,900 employees were trained via the Walmart U.S. Supply Chain Academy. In July 2021, the national discount retailer also announced that it will invest about $1 …