"Walmart's Strong Q4 Earnings and Vizio Acquisition Drive Sales Surge"
TL;DR Summary
Walmart reported strong Q4 earnings, with a 4.0% jump in same-store sales and a 23% increase in ecommerce sales, prompting a 3% rise in premarket trading. The company also announced plans to acquire smart TV maker Vizio for $2.3 billion, aiming to boost its retail media business and leverage TV viewership data. The move is expected to enhance Walmart's digital capabilities and ecosystem, potentially competing with Amazon Prime, but raises concerns about the price paid and impact on other retailers.
- Walmart posts Q4 earnings beat, to buy Vizio in $2.3 billion deal Yahoo Finance
- Walmart's Sales Rise as Prices Cool - WSJ The Wall Street Journal
- Walmart beats Wall Street’s holiday expectations as e-commerce sales soar CNBC
- Walmart Reports Rising Holiday Sales as Shoppers Seek Value The New York Times
- Walmart Releases Q4 and FY24 Earnings Walmart Corporate
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