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4-Traders Homepage  >  Equities  >  Nyse  >  Wal-Mart Stores    WMT

WAL-MART STORES (WMT)
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Wal Mart Stores : WALMART TO SPEND $68M ON N.J. STORE IMPROVEMENTS

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04/25/2018 | 12:50pm CEST

Walmart plans to spend $68 million this year to expand or remodel 11 of its New Jersey stores, including stores in Kearny and Boonton, and to open one new supercenter in Mount Laurel.

Walmart, after a period of rapid expansion in New Jersey, is, like other retailers, shifting its focus to remodeling and improving existing stores, rather than opening new ones. The company has just one upcoming store opening in New Jersey this year, a Mount Laurel store that is scheduled to open this spring. The Kearny store at 150 Harrison Ave. and the Boonton store at 300 Wootton St. are among the eight New Jersey stores that will be remodeled. Three stores, in North Brunswick, Cinnaminson and Rio Grande, will be expanded.

As part of its remodeling and expansion plans in New Jersey, Walmart, the country's largest retailer, will expand its online grocery order pickup service to 13 additional stores in 2018 and 2019. It also plans to add automated pickup towers, similar to one it debuted in the Secaucus store in November, to more stores.

© (c) 2018 The Neighbor News, North Jersey Media Group, Inc. All Rights Reserved., source Newspapers

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Financials ($)
Sales 2019 511 B
EBIT 2019 22 266 M
Net income 2019 14 378 M
Debt 2019 37 039 M
Yield 2019 2,46%
P/E ratio 2019 17,67
P/E ratio 2020 16,48
EV / Sales 2019 0,57x
EV / Sales 2020 0,55x
Capitalization 254 B
Chart WAL-MART STORES
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Wal-Mart Stores Technical Analysis Chart | WMT | US9311421039 | 4-Traders
Technical analysis trends WAL-MART STORES
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 34
Average target price 104 $
Spread / Average Target 21%
EPS Revisions
Managers
NameTitle
C. Douglas McMillon President, Chief Executive Officer & Director
Gregory B. Penner Non-Executive Chairman
Jonathan Barker Chief Operating Officer
Brett M. Biggs Chief Financial Officer & Executive Vice President
Jeremy King Chief Technology Officer & Executive VP
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