Movement Alert｜Wal-Mart Rises 3.02% in Regular Trading, Partners with Dunkin to Launch Cross-Category Food Delivery Service

Market Focus09-04 00:48

On September 3, Wal-Mart rose 3.02% in regular trading, trading at $109.30 USD/share, with turnover of $12.24 billion. The rebound was supported by the announcement of a new partnership with Dunkin' Donuts to launch a food delivery service integrated into Wal-Mart's app.

Under the collaboration, Wal-Mart will pilot the initiative at 150 Dunkin' locations within its stores, with plans to expand to the majority of Dunkin's over 10,000 standalone locations nationwide. The platform allows consumers to order everyday essentials alongside food and beverages in a single transaction, delivered together by Wal-Mart's logistics team.

The move comes after the stock fell over 9% on August 21 following Q2 results showing U.S. same-store sales growth at its lowest in over six years. Several analysts subsequently lowered price targets, with Deutsche Bank cutting to $113 and Wells Fargo to $120. Within the Hypermarkets & Super Centers sector, Target rose 1.07% and Dollar General gained 0.64%, while Costco dipped 0.07% and Dollar Tree fell 0.47%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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