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.

Fortune · Nov 20, 2024

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 · Nov 19, 2024

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 · Nov 19, 2024

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.

Fortune · Jun 10, 2024

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 · May 16, 2024

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.

Fortune · Dec 7, 2023

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.

Fortune · Nov 17, 2023

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.

Fortune · Aug 22, 2023

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%.

Fortune · Aug 18, 2023

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 · Apr 5, 2023