Walmart Recalls Magnetic Balls Due to Choking and Injury Risk.
January 5, 2024
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Walmart Inc ($NYSE:WMT). is one of the largest multinational retail corporations in the world, operating a chain of hypermarkets, discount department stores, and grocery stores. Recently, the company has issued a recall on their magnetic balls due to the potential risk of choking and injury. According to the Consumer Product Safety Commission, the magnets can attract each other through the intestines and cause severe damage. There have been several reports of children swallowing the magnets, leading to hospitalization for surgery.
Parents are urged to take the recalled products away from children and bring them back to Walmart for a full refund. The company has also stated that it is committed to providing customers with safe and reliable products.
Stock Price
The company’s stock opened at $157.2 and closed at $159.3, a 1.0% increase from the previous closing price of 157.6. The recall was initiated after the company had received multiple reports of the magnet spheres breaking apart and causing injury after ingestion. The Consumer Product Safety Commission (CPSC) also warned consumers about the product’s potential risk and urged them to stop using the product immediately.
In response, WALMART INC has issued a full refund for all customers who have purchased this product from its stores, with or without a receipt, and asked customers to return the product to the store for a full refund. The company is also offering a free online exchange or store credit for those who purchased it online. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Walmart Inc. More…
| Total Revenues | Net Income | Net Margin |
| 638.78k | 16.29k | 2.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Walmart Inc. More…
| Operations | Investing | Financing |
| 32.16k | -20.13k | -11.64k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Walmart Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 259.17k | 173.36k | 29.52 |
Key Ratios Snapshot
Some of the financial key ratios for Walmart Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.2% | 4.2% | 4.0% |
| FCF Margin | ROE | ROA |
| 2.0% | 20.3% | 6.2% |
Analysis
At GoodWhale, we have conducted an analysis of WALMART INC‘s wellbeing. Based on our Star Chart system, we have classified WALMART INC as a ‘rhino’ type of company, meaning that the company has achieved moderate revenue or earnings growth. This makes WALMART INC an attractive prospect for value investors, because it has a high health score of 8/10 with regard to its cashflows and debt, indicating that the company is capable of paying off its debts and advancing future operations. Additionally, WALMART INC is strong in asset, dividend, and profitability, with medium growth potential. Overall, WALMART INC appears to be a stable and reliable investment option that offers long-term capital growth potential and financial security. More…
Peers
The retail industry is highly competitive, with Walmart Inc competing against Target Corp, Sprouts Farmers Market Inc, and Costco Wholesale Corp. All four companies are vying for market share in the retail sector. Walmart Inc is the largest company in the group, followed by Target Corp, Sprouts Farmers Market Inc, and Costco Wholesale Corp. All four companies are publicly traded on the stock exchange.
– Target Corp ($NYSE:TGT)
Target Corp is an American retail corporation. The company was founded in 1902 and is headquartered in Minneapolis, Minnesota. Target operates 1,851 stores across the United States. The company’s store format includes Target, Target Greatland, and SuperTarget. Target is the second-largest discount retailer in the United States, behind Walmart. The company’s revenue for 2018 was $75.4 billion, and its operating income was $5.9 billion. Target’s net income for 2018 was $3.6 billion, and its total assets were $42.5 billion as of December 31, 2018.
– Sprouts Farmers Market Inc ($NASDAQ:SFM)
Sprouts Farmers Market Inc is a grocery store chain that specializes in selling fresh, natural, and organic food. The company has a market capitalization of $3 billion as of 2022 and a return on equity of 21.14%. Sprouts Farmers Market operates more than 340 stores in 22 states across the United States. The company was founded in 2002 and is headquartered in Phoenix, Arizona.
– Costco Wholesale Corp ($NASDAQ:COST)
Costco Wholesale Corporation is the largest membership warehouse club in the United States. As of 2022, it had a market capitalization of 209.47 billion and a return on equity of 24.62%. Costco Wholesale Corporation is a bulk retailer of food, electronics, and other merchandise. It operates through a chain of membership warehouses in the United States and other countries. Costco Wholesale Corporation was founded in 1976 and is headquartered in Issaquah, Washington.
Summary
An analysis of Walmart Inc. (WMT) reveals a strong, well-established company with a wide range of products and services. The company has seen consistent revenue growth over the past few years, despite having to weather a few turbulent economic storms. With its strong presence in the U.S. and expanding presence internationally, Walmart is well-positioned to continue to grow its revenues and profits, and provide investors with solid returns in the long term.
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