Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
UNCTAD: The situation in the Palestinian territories is unfolding within a context of overall economic and institutional fragility and is leading to serious social and environmental consequences
UNCTAD: Two years of military operations and restrictions have caused an unprecedented collapse of the Palestinian economy
UNCTAD: Situation in Gaza unique, represents the most severe economic crisis ever recorded
TASS reports 3 people were injured in a drone attack in the Rostov region, after a fire broke out at a facility in the industrial zone
Ukraine's Ministry of energy reports massive attack on energy facilities in the country
Taiwan's Ministry of Defense: One Chinese balloon was spotted in the Taiwan Strait on Monday
Israeli media reports injuries in ramming operation in al-Naqab.
Sheikh Daamoush: Zionists must remain worried, as they have committed a grave error.
Sheikh Daamoush: All concessions given by Lebanese government to date bore no fruit.
Sheikh Daamoush: It is the duty of the state to protect its citizens and sovereignty, government must push plans to that effect and refuse external pressures, diktats.

Walmart raises expectations despite opioid settlement hit on earnings

  • By Al Mayadeen English
  • Source: Agencies
  • 16 Nov 2022 00:08
  • 1 Shares
2 Min Read

Walmart's total revenue raked up $152.8 billion, up 8.7% from a year ago.

  • x
  • Walmart is winning big despite claims that it had a hand in the US opioid crisis.
    Walmart is winning big despite claims that it had a hand in the US opioid crisis.

Walmart saw its earnings top expectations in the third quarter as consumers seek bargains amid crippling inflation - however, its numbers took the burden of a US opioid crisis. 

The US retailer noted that it continued to gain market share in the grocery sector, raising its full-year outlook on strong results despite the economic and political ambiance in the US which has affected millions. 

Walmart's total revenue raked up $152.8 billion, up 8.7% from a year ago - a number which was better than they'd predicted. The company is expecting that its full-year adjusted profit will be declining between 6.5% and 7.5%, which is still an improvement in relevance to previous predictions. 

However, those numbers were weakened by a settlement resolving allegations that Walmart had contributed to the opioid crisis in the US by failing to control prescription purchases. 

The opioid crisis in the US has caused over 500,000 deaths in over 20 years, also triggering a series of lawsuits against drugmakers and pharmacies. 

While Walmart will be paying up to a good $3.2 billion to resolve opioid cases, CVS Health and Walgreens will also be paying up $10 billion this month in preliminary agreements to resolve such claims. 

Walmart previously stressed that it "strongly disputes" the allegations; in contrast, it believes that the money would help communities tackle the crisis.

Read next: Pilot who threatened to crash plane into Walmart faces charges

  • United States
  • Walmart

Most Read

Inside the Epstein-Rothschild web behind 'Israel’s' spy tech empire

Inside the Epstein-Rothschild web behind 'Israel’s' spy tech empire

  • Politics
  • 19 Nov 2025
Hezbollah announces the martyrdom of Haitham al-Tabatabai

Hezbollah announces the martyrdom of commander Haitham Tabatabai

  • West Asia
  • 23 Nov 2025
Democracy at the civilizational crossroads: Critical analysis of bourgeois Democracy, its alternatives

Democracy at the civilizational crossroads: Critical analysis of bourgeois Democracy, its alternatives

  • Analysis
  • 19 Nov 2025
US readies covert, military measures to oust Maduro: NYT

US signs off on covert CIA operations inside Venezuela: NYT

  • Politics
  • 19 Nov 2025

Coverage

All
In Five

Read Next

All
Maduro highlights workers' rise, global support for Venezuela
Politics

Maduro announces receiving info about new plot against Venezuela

Humanitarian crisis deepens in Gaza under relentless Israeli attacks
Politics

Humanitarian crisis deepens in Gaza under relentless Israeli attacks

Last-ditch COP30 deal puts fossil fuels in the crosshairs
Environment

Last-ditch COP30 deal puts fossil fuels in the crosshairs, for now

Trump admin fumes after court tosses cases against Comey, James
Politics

Trump admin. fumes after court tosses cases against Comey, James

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS