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The Latest Breaking News from John David Rainey

Walmart has mastered the dupe, sending the wealthy flocking to its stores

The company said about 75% of its gains this quarter came from customers making more than $100,000 per year.

Walmart warns it will have to raise prices if Trump’s tariffs are enacted

Walmart warns it will have to raise prices if Trump’s tariffs are enacted

Trump claimed tariffs are the ‘greatest thing ever invented’

The Independent UK

Many Walmart Shoppers Willing To Pay Extra For Faster Delivery

Many Walmart Shoppers Willing To Pay Extra For Faster Delivery

The added delivery cost has the retail giant's e-commerce business 'very close to profitability,' Chief Financial Officer John David Rainey said.

International Business Times

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Walmart Reports Strong Sales, Expects Continued Growth

Shoppers are 'focused on price and value,' and put off purchases until spotting good deals, Chief Financial Officer John David Rainey said.

International Business Times

Walmart: Tariffs likely to raise prices

The retailer is the latest company addressing how Trump's proposal could affect consumers

Walmart's shopper surge last quarter should boost retailer's profits for the rest of the year

On its latest earnings call, Walmart beat expectations and raised its guidance for the rest of the year.

Walmart is becoming the new Amazon as customers make smaller, but frequent purchases: 'That’s a trend that's not going to reverse,' CFO says

CFO John David Rainey said Wednesday that Walmart+ customers, on average, spend twice as much on online orders as the retailer’s other shoppers.

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Should a CFO switch industries? For these Fortune 500 finance chiefs, a new sector provided a career boost

Should a CFO switch industries? For these Fortune 500 finance chiefs, a new sector provided a career boost

Most CFOs have more options than they think, according to an expert.

Walmart Profits Rise On Strong Sales From Wealthier Shoppers

Walmart Profits Rise On Strong Sales From Wealthier Shoppers

Walmart reported higher profits Thursday behind solid gains at US stores as the retail giant pointed to increased purchases by wealthier shoppers and improving e-commerce sales.

International Business Times

Walmart customers behaving so strangely it's making bosses ‘sit up in their chairs’

Walmart customers behaving so strangely it's making bosses ‘sit up in their chairs’

Walmart CFO John David Rainey said the spending for the last two weeks of October was particularly "puzzling" when compared to prior months.

Walmart's CFO says 3 economic factors could be squeezing consumer spending

Walmart's CFO says 3 economic factors could be squeezing consumer spending

Walmart reported a strong quarter. But in late October, shoppers slowed purchases, in contrast to spending patterns earlier in the quarter.

Just 8% of CFOs strongly believe a recession is coming in the next six months

Just 8% of CFOs strongly believe a recession is coming in the next six months

Companies in the U.S. are shifting from defense to offense, according to PwC.

Walmart keeps gaining high-end customers. And the CFO explains why

Walmart keeps gaining high-end customers. And the CFO explains why

For the quarter, Walmart's total revenue grew by 5.7% to $161.6 billion, and operation income grew 6.7%.

Walmart bets on warehouse robots, dangles profit potential

Walmart Inc. is betting on greater supply-chain automation and hinting that a recent investment binge might lift profit beyond the retailer’s stated long-term goals.

Tribune News Service

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Tribune News Service

Walmart tops estimates but issues cautious annual outlook

Walmart Inc. turned in another blowout quarter as more shoppers sought out its low prices, but the retailer offered a cautious outlook for the current fiscal year because of rising economic uncertainty.

Walmart earnings boosted as discounts draw inflation-hit shoppers

The mega-retailer’s inventory grew by 25 percent at the end of the second quarter from a year earlier to $59.9bn.

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