Walmart Releases Q3 FY21 Earnings

Fiscal 2021 sales from continuing operations increased 8.6 percent from the year-ago period to $132.5 billion, up 7.5 percent on a constant currency basis1. Operating income from continuing operations in fiscal 2021 increased to $2.3 billion compared with $982 million in the year-ago period. Net earnings from continuing operations were $2.0 billion, compared with $180 million in the year-ago period, reflecting non-cash impairment charges in the year-ago period, strong growth across both segments, and earnings from the company's equity method investment related to Option Care Health.

Gap Inc. announced that Jeff Kirwan, president and CEO of Gap brand, will leave the company. “Under Jeff’s leadership we made significant progress on the operating model of Gap brand. We are faster and more responsive than ever before, we radically improved quality and fit, and we centered the brand on the aesthetic that our customers love: casual, optimistic and American. We have also seen the results of exceptional marketing and customer engagement reflected in increased traffic, improved sales and the strength of the digital business” said Art Peck, chief executive officer of Gap Inc. “While I am pleased with our progress in brand health and product quality, we have not achieved the operational excellence and accelerated profit growth that we know is possible at Gap brand. As we move into the brand’s next phase of development, Jeff and I agreed it was an appropriate time for a change in leadership,” Peck continued. Click Read More below for additional information.

A growing number of leading companies are investing in "nature-based solutions" which are actions to protect, sustainably manage, and restore natural ecosystems that benefit both biodiversity and human well-being. These actions target major challenges like climate change, disaster risk reduction, food and water security, biodiversity loss and human health, and are critical to sustainable economic development. To date, print and paper buyers have significantly contributed to forest conservation, biodiversity and climate change mitigation via the Carbon Balanced Paper and Print program and its partnership with the World Land Trust. The program has funded the long-term protection and management of 71,000 acres of highly biodiverse and threatened habitats in Vietnam, Mexico, Ecuador and Guatemala. In total, over 380,000 metric tons of CO2 have been sequestered.