|Price Range 12mo avg:||$2M – $14.8M|
|$/sf 12mo avg:||$177.97|
|CAP Rate 12mo avg:||5.92%|
|Lease Terms:||21yrs NNN|
|Building Size avg:||71,900 SF|
|Lot Size avg:||7+/- acres|
Wal-Mart Stores, Inc., (NYSE: WMT), is an American multinational retail corporation that operates a chain of discount department stores and warehouse stores. Headquartered in Bentonville, Arkansas, the company was founded by Sam Walton in 1962 and incorporated on October 31, 1969. It has almost 11,000 stores in 27 countries, under a total 71 banners.
Walmart is the world’s largest company by revenue, according to the Fortune Global 500 list in 2014, as well as the biggest private employer in the world with 2.2 million employees. Walmart is a family-owned business, as the company is controlled by the Walton family, who own over 50 percent of Walmart through their holding company, Walton Enterprises. It is also one of the world’s most valuable companies by market value, and is also the largest grocery retailer in the U.S. In 2009, it generated 51 percent of its US$258 billion (equivalent to $284 billion in 2015) sales in the U.S. from its grocery business.
The company was listed on the New York Stock Exchange in 1972. In the late 1980s and early 1990s, the company rose from a regional to a national giant. By 1988, Walmart was the most profitable retailer in the U.S. and by October 1989, it had become the largest in terms of revenue. Geographically limited to the South and lower Midwest up to the mid 1980s, by the early 1990s the company’s presence spanned from coast to coast – Sam’s Club opened in New Jersey in November 1989 and the first California outlet opened in Lancaster in July 1990. A Walmart in York, Pennsylvania opened in October 1990, bringing the main store to the Northeast.
|S&P Credit Rating:||AA|
|Moody’s Credit Rating:||Aa2|
|Annual Revenue 2014:||$476.3B|
|Annual Revenue 2013:||$468.7B|
|Revenue Growth:||↑ 1.6% from 2013|
|Units (Dec. 2014)||10,942|
|Average Units Volume:||$43.2M|
Yahoo! Finance: WMT News Latest Financial News for WMT
Walmart to record $2.2 billion charge related to 'buy-in' to secure Asda pension
on October 18, 2019 at 2:55 pm
Walmart Inc. disclosed Friday that it will record a $2.2 billion charge to earnings, after the retail behemoth's U.K. subsidiary Asda Group Ltd. announced a plan to secure the benefits of members of Asda's pension. Walmart and Asda said the plan secures a £3.8 billion ($4.9 billion) "buy-in" in anticipation of a full "buy-out" of the pension scheme, and will be enabled by a one-off final pension contribution by Asda of about £800 million ($1 billion). After the buy-in, pension members will be provided individual annuity policies issued by Rothesay Life, which will be responsible for paying benefits in full. Walmart's stock, which rose 0.4% in morning trading, has rallied 29.2% year to date, while the Dow Jones Industrial Average has gained 15.5%. […]
Walmart Will Take $2.2 Billion Charge for Asda Pension Shift
on October 18, 2019 at 2:15 pm
(Bloomberg) -- Walmart Inc. plans to offload the cost of a retirement plan for employees of its British subsidiary Asda, incurring a pretax charge to earnings of about $2.2 billion.Under terms of the deal, Rothesay Life Plc will take over managing pension liabilities for about 12,000 members going forward. The transaction will simplify “the business at a cost which is significantly below the expected future cost of funding internally,” the companies said in a statement.Offloading the pension costs at Asda could be a step in preparation for a sale or an initial public offering. The charge will be incurred at the completion of the buyout in late 2020 or early 2021.For Walmart, having a large employee retirement plan sitting on its balance sheet is a problem if it plans to divest the unit, according to James Biggs, a partner at Employee Benefits Collective LLP, a U.K. pension consulting firm.“Rothesay takes responsibility for paying benefits to employees. In essence, it shifts the liability,” Biggs said. “Letting these liabilities rumble on into the future brings risk and potential cost creep, and can be a millstone around the neck of an employer.”Buyer CertaintyAntony Barker, a managing director at the Pension Superfund, a consolidator of British pension plans, said that transferring the pensions will tidy up the company’s balance sheet and give any buyer certainty.“Anyone looking to acquire them knows they are not buying a black hole,” Barker said.Large pension liabilities have weighed on other British retailers, most notably department-store chain BHS. In 2017, retail magnate Philip Green agreed to pay as much as $450 million to compensate 19,000 former BHS workers after months of haggling with the country’s Pensions Regulator. BHS had a massive pension deficit when it failed in 2016, a year after Green sold the chain for a pound to a former race-car driver with no retail experience.Judith McKenna, Walmart’s international CEO and a former Asda executive, said in May that Walmart is “seriously considering” an eventual IPO for Asda. A month earlier, U.K. antitrust regulators blocked J Sainsbury Plc’s bid to buy Asda, saying it would bring higher prices and less choice to shoppers. British supermarket chains have been whipsawed by economic concerns related to Brexit and pressure from German discounters Aldi and Lidl, which continue to grab market share.Walmart shares were little changed, up 0.3% to $120.17 at 10:14 a.m. in New York on Friday. The stock had gained 29% this year through Thursday’s close, outpacing the S&P 500 Index.(Adds context and comment from pension consultants beginning in fourth paragraph)\--With assistance from Benjamin Robertson.To contact the reporters on this story: Matthew Boyle in New York at email@example.com;Anne Riley Moffat in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Crayton Harrison at email@example.com, Jonathan Roeder, Lisa WolfsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P. […]
Walmart's Asda agrees $4.9 billion Rothesay Life pension deal
on October 18, 2019 at 1:32 pm
Walmart's Asda has agreed a 3.8 billion pounds ($4.9 billion) 'buy in' with Rothesay Life to secure the benefits for 12,300 members of one of its pension schemes, in a deal that simplifies its balance sheet ahead of a possible standalone listing. Walmart CFO Richard Mayfield said the company was delighted to be able to secure the pensions of its members with a leading, well financed insurer such as Rothesay Life. "This transaction is good news for members of the scheme, simplifies the Asda balance sheet and will transfer our pension liabilities at a competitive price," he said. […]
Is Walmart (WMT) Stock Outpacing Its Retail-Wholesale Peers This Year?
on October 18, 2019 at 1:30 pm
Is (WMT) Outperforming Other Retail-Wholesale Stocks This Year? […]
Is the Retail Picture Truly Gloomy? ETFs in Focus
on October 18, 2019 at 12:00 pm
We need to see some more months of data before being sure about a retail slowdown. […]