Offbeat Walmart Holds Its Ground in U.S. Amid Unseasonable April Weather

15:36  17 may  2018
15:36  17 may  2018 Source:   bloomberg.com

Walmart to restrict opioid dispensing at its pharmacies

  Walmart to restrict opioid dispensing at its pharmacies Walmart said Monday it will restrict opioid prescriptions to no more than a seven-day supply as the retailer aims to curb an opioid epidemic that has plagued the United States.The supply limit will begin within the next 60 days, the company said.

Bloomberg Markets: Asia. Walmart Holds Ground In U . S . Amid Unseasonable Weather .

Walmart Inc. held its ground during an unseasonably wet first quarter, but it wasn’t enough to soothe investor concerns as competition online heats up. Walmart ’ s main business remains brick-and-mortar, and the unseasonable weather kept people from visiting stores in April , lowering demand for

(Bloomberg) -- Walmart Inc. overcame a spate of nasty spring weather to deliver a solid first-quarter performance in the U.S., erasing the sting of a lackluster holiday period.

Comparable sales at U.S. Walmart stores grew 2.1 percent in the three months ended April 30, the company said Thursday, just shy of analysts’ estimates. Customer visits rose 0.8 percent, the slowest growth in more than a year, as bad weather kept people from visiting the stores. But shoppers did spend more on each trip and the retail giant said business has picked up in recent weeks.

The shares rose 1 percent in premarket trading.

“We never do like to blame the weather, but in this case it was unseasonably cool and wet,” Chief Financial Officer Brett Biggs said in an interview. “That impacts some of the seasonal categories. What you see when you have prolonged wet weather is that people consolidate their trips. Since the weather moderated, the categories that were challenging have come back as we expect.”

How Walmart's decision to limit opioid prescriptions could affect U.S. drug abuse

  How Walmart's decision to limit opioid prescriptions could affect U.S. drug abuse Walmart is expanding its Opioid Stewardship Initiative, introducing additional measures this week in an effort to further curb opioid abuse. Load Error

There will be no rest for heat-weary residents of the south-central United States as July-like temperatures hold into the weekend. A push of cooler air, accompanied by the potential for severe weather on its leading edge, may sweep through the northern tier of the central U . S . early next week.

b : marked by unseasonable weather . an unseasonable summer. — unseasonableness . Most of the Northeast and Midwest was battered by unseasonable cold and lots of rain during March, April and Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors.

Poor weather is just the latest challenge facing Chief Executive Officer Doug McMillon, who’s overhauling the retailer abroad as it battles against Amazon.com Inc. Walmart generates most of its profits and sales in the U.S., though, and its heavy spending to lower prices and expand its online business has raised concerns among some investors recently. Through Wednesday’s close, the shares had fallen 13 percent this year, after two straight years of increases.

Walmart’s adjusted earnings amounted to $1.14 a share in the fiscal first quarter. That beat analysts’ average projection of $1.12. Online revenue in the U.S. rose 33 percent, better than the holiday quarter’s subpar performance but below the 40 percent pace the company had forecast for the full year.

Walmart’s $16 Billion India Investment Hits Waltons' Fortune

  Walmart’s $16 Billion India Investment Hits Waltons' Fortune Falling shares cut $4.3 billion from the Walton family fortuneWalmart Inc., controlled by the Walton family, led a group that bought a 77 percent stake in Flipkart Online Services Pvt. The deal valued the Indian company at about $21 billion.

unseasonable weather . June 9. “indulgences”.

Weather . Search for a location. Find a forecast. After dark it will start off dry but there will be the risk of rain later in the night. Humid again, with just a light south -westerly breeze.

Premarket Gains © Bloomberg Premarket Gains

The company’s recent moves include combining its British chain Asda with J Sainsbury Plc, uniting the U.K.’s second and third-biggest supermarket chains in a transaction worth about $10 billion. Less than two weeks later it inked its biggest-ever deal to gain a majority stake in India’s Flipkart Group, striking a blow against Amazon, which has spent billions to gain customers in the world’s second most-populous nation.

The Flipkart deal should help position Walmart in a fast-growing market, but for now it risks crimping earnings that are already under pressure from rising food and transportation costs in the U.S. Gas prices are also on the rise, which could prompt Walmart’s lower-income shoppers to spend less on each trip or even come into the stores less often.

To contact the reporter on this story: Matthew Boyle in New York at [email protected]

To contact the editors responsible for this story: Anne Riley Moffat at [email protected], Cecile Daurat

©2018 Bloomberg L.P.

Uniformed Florida deputy is accused of shoplifting action figures .
A 13-year veteran of the Broward Sheriff's Office was in uniform when he swiped action figures and DVDs from a Walmart without paying for them, officials said Monday. Henry Guzman, 44, was arrested at the sheriff's office headquarters on West Broward Boulevard at 11 a.m. Monday and taken to the Broward Main Jail, said Veda Coleman-Wright, a spokeswoman for the agency.Guzman is accused of shoplifting the merchandise, valued at nearly $200, on three separate occasions from a Walmart in Lauderdale Lakes, she said.Guzman faces multiple misdemeanor theft charges and has been suspended with pay, the sheriff's office said.

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