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
Pope Leo XIV: Peacemakers do not flee, but dare to stay even if it costs them some sacrifice.
The Pope to the Lebanese: You are a diverse country and a community made up of communities united by one language, the language of hope, which has allowed you to start anew.
Pope Leo XIV to the Lebanese: You are a people who do not give up, but a people who persevere in the face of difficulties and know how to be reborn.
Al Mayadeen's correspondent in South Lebanon: Israeli occupation targets bulldozer working to remove rubble of destroyed home in Shebaa.
IRGC sources tell Al Mayadeen that reports of Iranian missile strikes on northern Iraq are false, calling them rumors spread by enemy-linked media.
Trump: Venezuela airspace should be considered 'closed in its entirety'
AFP: Ukraine behind attack on Russian 'shadow fleet' tankers in Black Sea
Sheikh Qassem: We, our allies, the honorable in our nation, our people, and our army will never accept being subservient to the US or 'Israel'
Sheikh Qassem: They must despair, for whatever they do, this people cannot be defeated or broken, and we shall neither fall nor yield
Sheikh Qassem: Threats neither advance nor delay matters, yet the possibility of war or its absence exists because 'Israel' and the US are weighing their options

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

13 elite Israeli troops were wounded in a confrontations in Beit Jinn, Syria.

13 elite Israeli troops wounded in confrontations in southern Syria

  • West Asia
  • 28 Nov 2025
Point-blank killings: 'Israel' executes 2 Palestinian youths in Jenin

Graphic footage: IOF execute 2 Palestinians from point blank in Jenin

  • Politics
  • 27 Nov 2025
Four killed, ten wounded in targeted California shooting in Stockton

Four killed, 10 wounded in 'targeted' California shooting

  • US & Canada
  • 30 Nov 2025
How CIA secretly triggered Sino-Indian war

How CIA secretly triggered Sino-Indian war

  • Analysis
  • 26 Nov 2025

Coverage

All
In Five

Read Next

All
Yemen protests
West Asia

Yemenis mark Independence Day, renew support for Palestine, Lebanon

Netanyahu speaks during a meeting with U.S. Vice President JD Vance, at the Prime Minister's Office in occupied al-Quds, on Wednesday, Oct. 22, 2025. (AP)
Politics

Pardon for power: Netanyahu to retreat on reform if given immunity

Iranian Foreign Minister Abbas Araghchi, right, and his Turkish counterpart Hakan Fidan arrive for a joint news briefing after their meeting, in Tehran, Iran, Sunday, Nov. 30, 2025. (AP)
Politics

Iran, Turkiye share strategic interests despite differences: Araghchi

In this file photo dated Wednesday, March 21, 2018, a youth holds a flag with the image of Abdullah Ocalan, the jailed leader of the Kurdistan Workers' Party, or PKK, in Istanbul, Turkey (AP)
Politics

PKK calls on Turkey to release Ocalan to advance peace process

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