Walmart Expands Into Fuel—And It's More Than Just Gas
Walmart is rolling into the fuel business in a big way, and the move could reshape its rivalry with Costco. With plans to open more than 45 new gas stations across the U.S. this year, Walmart is flexing its muscles in a space traditionally dominated by warehouse clubs like Costco and Sam's Club.
'As EVs remain a long-term play, gas is still king,' said Joe Camberato, CEO of NationalBusinessCapital.com. 'The switch to electric vehicles isn't happening overnight, and retailers know there's money to be made from traditional fuel for years to come.'
Walmart's new gas stations, set to operate at stores without Murphy USA pumps, will boost its total fuel footprint to over 450 locations across 34 states, Quartz reported. The company is offering low prices at the pump and up to 10 cents per gallon off for Walmart+ members. It's a classic one-stop-shop strategy aimed at bolstering customer loyalty and driving foot traffic.
'Walmart's fuel expansion signals an effort to rival Costco's highly successful gas business, which made up around 12% of its total sales in 2024,' said Usha Haley, an international business expert at Wichita State University. The key difference? Walmart's stations are open to everyone, unlike Costco's members-only model.
But Costco isn't standing still. Earlier this year, CEO Rob Vachris announced the company would extend hours at its members-only fuel centers, keeping most locations open until 10 p.m. It's a move designed to deepen loyalty and capture more sales as EV adoption remains gradual.Industry watchers say the battle isn't just about gas. With inflation, tariffs, and supply chain disruptions hitting margins, retailers like Walmart and Costco are leaning into fuel as a reliable revenue stream. And with Walmart openly acknowledging that tariffs on Chinese goods could impact prices, low-priced gas is one way to keep customers coming back.
'The rise of EVs will eventually change the game,' said Manish Choudhary of SymphonyAI. 'But for now, these retailers are competing for a bigger slice of the fuel pie, and Walmart's latest move is a clear signal of intent.'
Walmart Expands Into Fuel—And It's More Than Just Gas first appeared on Men's Journal on May 27, 2025
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
12 minutes ago
- Yahoo
Noah's Q1 2025 Earnings Show YoY and Sequential Growth in Profitability and Operating Margin Expansion
SHANGHAI, May 30, 2025 /PRNewswire/ -- Noah Holdings Limited ("Noah" or the "Company") (NYSE: NOAH and HKEX: 6686), a leading and pioneer wealth management service provider offering comprehensive one-stop advisory services on global investment and asset allocation primarily for global Chinese high-net-worth investors ("HNWIs"), reported unaudited financial results for the first quarter of 2025, highlighting a robust recovery in profitability as its CAPEX-light domestic restructuring and overseas expansion gain momentum. Non-GAAP net income rebounded 27.4% sequentially to RMB 168.8 million (US$23.3 million), while income from operations jumped 35.2% to RMB 186.0 million (US$25.6 million), driving operating margin to 30.3%. Noah continued to face broader headwinds driven by a volatile global macroeconomic environment and a low-interest rate environment in mainland China, impacting Chinese HNWI sentiment and topline growth. Despite these challenges, Noah continued to make significant progress in building out its sales teams and global infrastructure. Its CAPEX-light strategy ensures its business remains profitable and continues to generate solid cash flow during this restructuring. Zander Yin, Co-Founder, Director, and CEO of Noah, commented, "We are proud to deliver a strong rebound in profitability and operating margin this quarter, reflecting the success of our operational efficiency initiatives, CAPEX-light strategy, and accelerating overseas expansion. This clearly underscores the resilience of our business model during our ongoing restructuring and sets the stage for sustainable growth going forward. This restructuring still requires upfront investments and will take time to scale. While we are not yet at the finish line, these cost-effective foundational changes are clearly beginning to have an impact on our financials which leave us confident we are headed in the right direction." Financial Highlights Total net revenues for the quarter were RMB 614.6 million (US$84.7 million), down 5.7% from last quarter and down 5.4% year-over-year, primarily due to a decrease in distribution of insurance products and RMB-denominated private equity recurring service fees. However, net revenues from overseas continued to grow sequentially, expanding 5.0% to RMB 304.2 million (US$41.9 million) and now accounting for nearly 50% of total net revenues – showcasing the progress it continues to make in expanding overseas. Rigorous cost controls reduced operating costs and expenses by 16.7% sequentially and 18.8% year-over-year to RMB428.6 million (US$59.1 million), led by a 21.8% year-over-year cut in compensation and benefits and an 18.1% decline in selling expenses. Overseas Expansion Making Progress Noah's overseas expansion continued to gain momentum. Revenue from overseas investment products grew 20.3% year-over-year, offsetting a 22.8% decline in overseas insurance sales. USD-denominated assets under management climbed 14.2% year-over-year to US$5.9 billion, and USD-denominated assets under advisory rose 8.7% to US$9.1 billion. Noah's team of overseas relationship managers is driving this growth. The team expanded 44% year-over-year to 131, with its newly formed overseas commission-only insurance agent team also growing to 75 and already contributing approximately RMB 10 million in revenue during the quarter. The Company opened a new office in Japan and continues to explore opportunities in the US, Southeast Asia and Canada with large and underserved communities of Chinese HNWIs. Domestic Restructuring Domestic net revenues in the quarter were RMB 310.4 million, down 14.3% from last quarter and 9.4% from the same period last year, reflecting weaker insurance distribution under a low-interest environment and lower recurring service fees from private equity products. However, transaction value for RMB-denominated private secondary products surged 257.7% year-over-year to RMB 3.3 billion, up 34.6% sequentially, with associated revenue contribution rising 9.4% year-over-year. Noah's branch network has been consolidated to 10 cities in mainland China and has begun deploying online marketing and online services which will further reduce fixed costs and improve operational efficiency going forward. Driving Shareholder Returns Noah continues to prioritize shareholder interests and deliver sustained returns through its US$50 million share buyback program with the repurchase of more than 1.3 million ADSs to date. Subject to approval at its upcoming annual general meeting in June 2025, the Company plans to distribute RMB 550 million in annual and special dividends in July 2025—equal to 100% of 2024's non-GAAP net income attributable to Noah shareholders—delivering a 11% dividend yield at current prices and marking the second consecutive year of a full payout. As of March 31, 2025, cash and cash equivalents stood at RMB 4.1 billion, supplemented by RMB 1.3 billion in highly liquid short-term investments. The balance sheet remains robust, with US$11.4 per ADS in cash reserves, an improved current ratio of 4.8x, no interest-bearing debt, a price-to-book multiple of 0.5x and a price-to-earnings multiple of 11x, well below the industry average. Strategic Priorities and Outlook for 2025 Noah's priority in 2025 will be to build upon the solid progress it has made by carefully balancing the quality and quantity of growth overseas while ensuring full compliance with local regulations. Through its CAPEX-light strategy, the Company will drive its overseas expansion and build its local teams in the US, Japan, Southeast Asia and Canada. Investments in AI and technology will enhance online service capabilities, and the commission-only insurance agent network will scale to support overseas growth. It will also diversify its product suite with trusts, emigration advisory services and cross-border solutions to meet evolving client needs in volatile markets. Supported by streamlined operations, a fortified balance sheet and deepening overseas foothold, Noah is well positioned for sustainable, profitable growth throughout 2025 and beyond. About Noah Holdings Limited Noah Holdings Limited (NYSE: NOAH and HKEX: 6686) is a leading and pioneer wealth management service provider offering comprehensive one-stop advisory services on global investment and asset allocation primarily for global Chinese high-net-worth investors. Noah's American depositary shares, or ADSs, are listed on the New York Stock Exchange under the stock ticker "NOAH", and its shares are listed on the main board of the Hong Kong Stock Exchange under the stock code "6686." One ADS represents five ordinary shares, par value $0.00005 per share. In the first quarter of 2025, Noah distributed RMB 16.1 billion (US$2.2 billion) of investment products. Through Gopher Asset Management and Olive Asset Management, Noah had assets under management of RMB149.3 billion (US$20.6 billion) as of March 31, 2025. Noah's domestic and overseas wealth management business primarily distributes private equity, public securities and insurance products denominated in RMB and other currencies. Noah's network covers major cities in mainland China, as well as Hong Kong (China), New York, Silicon Valley, Singapore, Los Angeles and Japan. The Company's wealth management business had 463,161 registered clients as of March 31, 2025. Through its domestic and overseas asset management business operated by Gopher Asset Management and Olive Asset Management, Noah manages private equity, public securities, real estate, multi-strategy and other investments denominated in RMB and other currencies. The Company also provides other businesses. For more information, please visit Noah at Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Noah may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange"), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Noah's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. These statements include, but are not limited to, estimates regarding the sufficiency of Noah's cash and cash equivalents and liquidity risk. A number of factors could cause Noah's actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: its goals and strategies; its future business development, financial condition and results of operations; the expected growth of the wealth management and asset management market in China and internationally; its expectations regarding demand for and market acceptance of the products it distributes; investment risks associated with investment products distributed to Noah's investors, including the risk of default by counterparties or loss of value due to market or business conditions or misconduct by counterparties; its expectations regarding keeping and strengthening its relationships with key clients; relevant government policies and regulations relating to its industries; its ability to attract and retain qualified employees; its ability to stay abreast of market trends and technological advances; its plans to invest in research and development to enhance its product choices and service offerings; competition in its industries in China and internationally; general economic and business conditions in China; and its ability to effectively protect its intellectual property rights and not to infringe on the intellectual property rights of others. Further information regarding these and other risks is included in Noah's filings with the U.S. Securities and Exchange Commission and the Hong Kong Stock Exchange. All information provided in this press release and in the attachments is as of the date of this press release, and Noah does not undertake any obligation to update any such information, including forward-looking statements, as a result of new information, future events or otherwise, except as required under the applicable law. View original content: SOURCE Noah Holdings Limited Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Digital Trends
23 minutes ago
- Digital Trends
This deal gets you $45 earbuds that 'redefine' the genre
Just three weeks ago we reviewed the Soundcore Liberty 5, which we called 'excellent daily driver earbuds.' The meaning was pretty clear — the buds sell for $130, which is considerably lower than their Apple competition and sits them right in the middle of the best earbuds. They're quality buds and have Soundcore's best ANC to date. That's great stuff, but this hot deal puts an all-time low price on a difference set of Soundcore's earbuds — a more budget-minded set. The Soundcore Space A40 retail for somewhere between about $65 and $80 depending on where you look, but now you can get them for just $45. Amazon Prime members can get the blue color and any Walmart shopper can get the black color with free shipping while this deal lasts. Is it enough to completely eclipse the Liberty 5 release? For a certain type of shopper, yes. If you're that type of shopper, please tap the appropriate button below. Why you should buy the Soundcore Space A40 The Soundcore Space A40 have been on our radar for quite some time now, and we liked them even when they released with a $100 MSRP. Our Soundcore Space A40 review says that the small earbuds 'redefine what you can expect from budget wireless earbuds.' The reason they are described this way is due to a features list that transcends what we typically expect from sub-$100 earbuds. They have 'real deal' ANC, a battery life of 50 hours when you include the case (and have ANC off), are 'very comfortable,' and have the full slew of companion app features that you'd expect from superior earbuds, among other things. These are fully featured earbuds now being sold for just $45. Even if you've got something great yourself already, they make a fine gift for someone who isn't tuned into premium buds (yet). Getting the Soundcore Space A40 for just $45 instead of the usual $65-$80 we usually see them at is an amazing deal and great opportunity. But if you're still want to play the field a bit, be sure to check out our list of the best budget headphones and earbuds. There, you'll see the Soundcore Space A40, but also offerings like the JLab JBuds Mini, which are slightly cheaper at $40. However, that's their normal price. If you want quality earbuds at an incredible price, the Soundcore Space A40 at $45 are the headphones deal to beat.
Yahoo
26 minutes ago
- Yahoo
Nvidia (NVDA) Flags China Risks, Holds Firm on $45B Sales Outlook
Nvidia (NVDA, Financials) says it'll pull in $45 billion this quarter, even after U.S. export curbs shaved $2.5 billion off Q1 sales and could cost another $8 billion in Q2. The stock jumped 4%, adding $130 billion in market value. Warning! GuruFocus has detected 4 Warning Signs with NVDA. China was 12.5% of Q1 revenue, as buyers rushed to grab Nvidia's H20 chip before the ban kicked in. But new U.S. rules targeting Chinese AI models and connected-car tech are now clouding the outlook. CEO Jensen Huang praised Trump for scrapping one export rule, but slammed another for blocking H20 sales. His pitch: let Chinese AI run on U.S. chips it's better for America. Senators raised concerns over a new Nvidia lease in Shanghai. The company says it's just more space for existing staff. Huang's betting on new deals in the Middle East and sees a future built on U.S. robotics. The China risk is real, but he's not slowing down. See insider trades for NVDA. Explore Peter Lynch chart. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data
