Latest news with #JohnDavidRainey
Yahoo
29-07-2025
- Business
- Yahoo
Walmart Inc. (WMT) Didn't Increase Prices, says Jim Cramer
We recently published . Walmart Inc. (NYSE:WMT) is one of the stocks Jim Cramer recently discussed. Shares of Walmart Inc. (NYSE:WMT) have remained a top Jim Cramer retail stock pick throughout 2025. The CNBC TV host has remained optimistic about the firm primarily due to its scale and the ability to drive prices low. He mentioned the latter in these remarks: 'Yeah and John David Rainey came over. Now John David, I've known him for many, many years. The CFO. And senior vice president. And I was concerned by the Walmart, their response about Amazon. Because Amazon, the Journal caught them raising prices. Now I'm trying to find out whether that's [inaudible] but he said Walmart has not. And I think Walmart is, Walmart and Costco are the two great inflation fighters now. And I think that it's, Walmart has a couple of, there was 200 million in shoppers. So, for them to hold down prices. . . and if we had an honest CPI, then you would have to question some of the prices that are up if they shop at Walmart. Because they didn't increase the prices. Copyright: defotoberg / 123RF Stock Photo 'Well CPI is all these different element of food. And you know, I think it matters where you shop. If you shop at Walmart. . .Then you know that things didn't go up. Look you're eyes are not lying. So anyway I think it's great to hear from John David Rainey that the largest chain that you buy food did not raise things. . . remember there's a Walmart every two minutes away from you. S i salute Walmart and I think that this is terrific.' While we acknowledge the potential of WMT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-06-2025
- Business
- Yahoo
Walmart CFO talks private brand, delivery growth
This story was originally published on Grocery Dive. To receive daily news and insights, subscribe to our free daily Grocery Dive newsletter. As Walmart looks to broaden its grocery assortment, private brands are playing a major role, the company's CFO said at a recent conference. In particular, the company is seeing success with its Bettergoods grocery line, which launched last year and focuses on trendy and affordable items. 'Bettergoods has been a big success story for us,' John David Rainey, executive vice president and CFO of Walmart, said at the Oppenheimer Consumer Growth & E-Commerce Conference early this month, according to a Seeking Alpha transcript. The brand features approximately 400 items and has racked up almost $500 million in sales, Rainey said, noting that roughly 70% of that brand's items are priced below $5. 'What's exciting to me about this is 40% of the customers that buy a Bettergood[s] item are coming back as repeat customers. … I think it really speaks to the quality of the overall assortment,' Rainey said. Along with improving its stance on fresh foods, Walmart is also focused on convenience for its customers, he added. Pharmacy delivery, which is available at the majority of the retailer's stores, is promoting 'sticky behavior' among customers, Rainey said. Last fall, Walmart launched same-day pharmacy delivery nationwide. '[With] pharmacy delivery, we can easily provide the opportunity for customers to add in additional food items or add in general merchandise or maybe there's other items within the pharmacy that they want to have delivered … and there's no company that can do all three of those: [general merchandise], food and pharmacy,' he said. E-commerce, especially delivery, is another key growth driver for the company. Reliable and fast delivery is the 'single most compelling part of the value proposition' for its Walmart+ membership program, Rainey said. Walmart is encouraged by consumers' willingness to pay for speedier delivery. Walmart has almost doubled the number of deliveries done in under three hours from the first quarter of last year, Rainey said. In recent weeks, express delivery has accounted for as much as 40% of delivery orders, he said, noting that this quick delivery option accounted for one-third of delivery orders in the company's most recent quarter. 'We continue to see that customers are willing to actually pay for that expedited delivery,' he said. Recommended Reading Walmart adds new grocery line to private brands portfolio Sign in to access your portfolio
Miami Herald
23-06-2025
- Business
- Miami Herald
Walmart CFO talks private brand, delivery growth
As Walmart looks to broaden its grocery assortment, private brands are playing a major role, the company's CFO said at a recent conference. In particular, the company is seeing success with its Bettergoods grocery line, which launched last year and focuses on trendy and affordable items. "Bettergoods has been a big success story for us," John David Rainey, executive vice president and CFO of Walmart, said at the Oppenheimer Consumer Growth & E-Commerce Conference early this month, according to a Seeking Alpha transcript. The brand features approximately 400 items and has racked up almost $500 million in sales, Rainey said, noting that roughly 70% of that brand's items are priced below $5. "What's exciting to me about this is 40% of the customers that buy a Bettergood[s] item are coming back as repeat customers. … I think it really speaks to the quality of the overall assortment," Rainey said. Along with improving its stance on fresh foods, Walmart is also focused on convenience for its customers, he added. Pharmacy delivery, which is available at the majority of the retailer's stores, is promoting "sticky behavior" among customers, Rainey said. Last fall, Walmart launched same-day pharmacy delivery nationwide. "[With] pharmacy delivery, we can easily provide the opportunity for customers to add in additional food items or add in general merchandise or maybe there's other items within the pharmacy that they want to have delivered … and there's no company that can do all three of those: [general merchandise], food and pharmacy," he said. E-commerce, especially delivery, is another key growth driver for the company. Reliable and fast delivery is the "single most compelling part of the value proposition" for its Walmart+ membership program, Rainey said. Walmart is encouraged by consumers' willingness to pay for speedier delivery. Walmart has almost doubled the number of deliveries done in under three hours from the first quarter of last year, Rainey said. In recent weeks, express delivery has accounted for as much as 40% of delivery orders, he said, noting that this quick delivery option accounted for one-third of delivery orders in the company's most recent quarter. "We continue to see that customers are willing to actually pay for that expedited delivery," he said. Copyright 2025 Industry Dive. All rights reserved.
Miami Herald
13-06-2025
- Business
- Miami Herald
Walmart makes major payment change
How many times have you gone to the store just to grab bananas and then ended up buying 10 more items and spending $150 dollars more than you planned? I have done this too many times, and sometimes I even buy items I don't actually need. Don't miss the move: Subscribe to TheStreet's free daily newsletter It's not just price that matters. Everything the store is offering - proximity, variety and quality of offerings, customer service, loyalty programs, and convenience all impact consumers' decision to buy. The majority of U.S. consumers (61%) prefer shopping at mainstream grocery chains such as Safeway or Kroger, and 56% choose mass merchandisers like Target and Walmart because of the above-mentioned reasons. The competition among these supermarket giants is huge, which is why they need to constantly upgrade their offerings. Related: Walmart quietly launches new same-day delivery option Walmart (WMT) is known for constantly finding ways to enhance the overall customer experience. Recently, it announced that Medicare Advantage members can add benefit card information to their accounts, allowing them to unlock plan-specific benefits. It also recently upgraded its food offerings by adding Wienerschnitzel restaurants. But what about when you don't have enough money in your account to take advantage of retailers' offers? This is when credit cards can work like magic, and it's why customers are attracted to the overall experience Walmart is now offering. The retail giant on June 9 unveiled a new partnership with Mastercard to provide credit cards to its customers in the U.S. The program is expected to launch this fall. OnePay, a fintech platform jointly backed by Walmart and investment company Ribbit Capital, and Synchrony partnered to exclusively deliver the new credit card program. Related: Walmart shares new service that's better than Amazon The program is powered by Mastercard's global payments network, with the experience embedded inside the OnePay app. The companies plan to launch two types of cards: General-purpose cards that can be used anywhere Mastercard is accepted; andPrivate-label cards that can only be used for buying at Walmart. Cards will be available to millions of Walmart customers and to consumers across the country. More Retail Stocks: Halloween retailer sounds warning consumers need to hearTarget expands same-day delivery to 100s of retailersWalmart makes surprise cuts as it looks at tariff price hikes "Walmart is always seeking innovative ways to help customers save money and live better," stated Chief Financial Officer John David Rainey. "Today's announcement represents one more way we're serving our customers the way they want to be served, providing an upgraded digital financial services experience with even greater choice and value." Over the past couple of years, the world's largest company by revenue has made a big bet on financial services by adding new payment options and striving to benefit from innovation in embedded finance, writes FintechTalents. Its products include the Walmart Credit Card and Walmart Money card. Then there are Walmart's financial services like check cashing, installment financing, and money transfers. Related: Walmart makes surprise cuts as it looks at tariff price hikes Three years ago, the company also teamed up with Green Dot to launch first-of-their-kind cash deposit and withdrawal services across its more than 4,700 U.S. stores. This allowed lower-income customers to quickly make free cash deposits at Walmart stores and access funds from paychecks two days before payday. The newest credit card deal should increase loyalty and sales, benefiting Walmart and its customers long-term. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
11-06-2025
- Business
- Yahoo
Here's How Much Sam's Club Customers Buy When They Order Pizza Delivery
You can order pizza delivery from Sam's Club. The people who do are getting it with more than just toppings, loading up carts to the tune of triple-digit dollars. Sam's, the warehouse operation run by Walmart (WMT), in May said delivery of its Member's Mark pizzas—a hot 16-inch version costs about $9—would be available nationwide by the end of the month. Members can schedule a window or pay up for "express" delivery within three hours. Those pizza orders are turning into wins for Sam's, Walmart CFO John David Rainey said Tuesday. "You may hear that and think, 'Gosh, that can't be very economical for you to deliver a pizza to someone from a club,'" Rainey said at a conference, a transcript of which was made available by AlphaSense. "Here's the thing: The average basket size of a pizza delivery is over $100." Pizza is a competitive business, with entrants coming not only from the kind of places you might think—pizza chains, grocery stores selling frozen and other varieties—but also places like Casey's General Stores (CASY), which is currently promoting a BBQ brisket variety, and Costco (COST), which sells take-and-bake pies along with slices for snacking shoppers. For Sam's, which accounted for about 16% of Walmart's U.S. revenue in its last full year, the pies are driving sales of other, non-pizza, goods. (The company is seeing a similar effect with rotisserie chickens, executives have said.) "Members are taking advantage of the broad assortment that we have, and while we are getting a pizza delivered, providing general merchandise or other items to go along with that, which makes that eCommerce delivery very attractive from an economic perspective for us," Rainey said. Read the original article on Investopedia
