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That earnings guidance implies Walmart stock is trading at a forward price-to-earnings (P/E) ratio of 34, above the five-year average for the multiple closer to 29.
Price First was a bottom-tier, low-priced generic brand that Walmart introduced in late 2013. It included very basic grocery items, trash bags, and paper goods. It was launched as an experimental brand targeted towards the most budget-conscious shoppers. It was the lowest priced brand at Walmart and availability varied by stores.
For the nine months ending on Oct. 31, Walmart added close to $26 billion in sales compared to last year. It spent $3 billion on stock buybacks — more than three times that of a year ago.
For the 12th time in 50 years, Walmart will conduct a stock split in an effort to make shares more affordable for its employees. Walmart last carried out a 2-for-1 stock split on April 20, 1999.
A fog nozzle. A fog nozzle is a firefighting hose spray nozzle that breaks its stream into small droplets.By doing so, its stream achieves a greater surface area, and thus a greater rate of heat absorption, which, when compared to that of a smoothbore nozzle, speeds its transformation into the steam that smothers the fire by displacing its oxygen.
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