Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Walmart Inc.    WMT

WALMART INC.

(WMT)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Walmart : Grocers Can Avoid New Mexico Shutdowns With Covid-19 Testing

11/25/2020 | 03:37pm EST

By Sarah Krouse

New Mexico officials are offering grocery stores, retailers and other essential businesses a way to avoid shutdowns when workers become infected with Covid-19: regularly test all employees.

Supermarkets, big-box retailers and hotels that pay for regular testing and contact tracing of their workers will be exempt from two-week shutdowns the state has imposed on stores with infected employees as cases rise. Under the new agreement, companies must foot the bill for the measures, test workers every two weeks and share those plans with New Mexico health officials.

The voluntary agreement offered to essential businesses is the latest attempt by public-health officials and companies to balance workplace safety and mitigate spread of the coronavirus during the pandemic's worst phase to date. The typically busy holiday shopping season opens the day after Thanksgiving.

More businesses, schools and other facilities are using Covid-19 testing as a proactive screening measure rather than a tool to respond when they learn of outbreaks.

New Mexico has implemented a stay-at-home order that shut down nonessential businesses such as gyms and salons through Nov. 30. Grocery stores and other retailers like Walmart Inc. and Target Corp. that derive more than a third of their revenue from food sales remain open while other big-box chains like Dick's Sporting Goods Inc. and department stores can only open for curbside pickups.

Before offering the testing-program agreement Tuesday, the state had also shut down businesses for 14 days after some workers have tested positive and added others to a watch list. Locations that have been shut for two weeks thus far include several Walmart and Albertsons Cos. stores, state records show.

A Walmart spokesman said the company was New Mexico's largest employer and had already entered into an agreement with officials to test all its employees there every two weeks. It has received a draft contract from the state and is reviewing it internally, he added. Albertsons didn't immediately respond to a request for comment.

"By incentivizing businesses to participate in a regular surveillance testing program, we are keeping New Mexicans safe, slowing the spread of COVID19, and preventing additional closures of essential businesses," James Kenney, secretary of the New Mexico Environment Department, said in a statement.

A spokeswoman for the National Retail Federation says the latest New Mexico restrictions "ignore everything we have learned as a country and will intensify the hardships of its citizens," adding that retailers have invested in safety measures and stores "are not a source of rampant community spread." The organization called for policies based on how stores operate, not what items they sell, she added.

New Mexico is one of many states revising workplace safety protocols as the pandemic stretches on and intensifies.

California officials last week passed emergency temporary standards that require companies to have written Covid-19 prevention protocols including offering testing to workers who were exposed to infected people, providing face coverings and crafting outbreak-response plans.

Some medical and testing advisers say mandatory testing of retail workers is likely to add a significant amount of demand for diagnostic testing and is likely to require companies to source a dedicated supply to ensure they can stay open.

"Employers need to be better prepared with testing outside their health plans and we need to be aware of the impact of that on the public health testing infrastructure," said Brock Anderson, executive director at CMO onDemand, which offers temporary corporate medical directors to businesses.

Demand for testing has surged ahead of Thanksgiving as cases rise and people seek tests before traveling or visiting family. Hospitalizations, which have set new records every day for two weeks, hit a fresh high of 85,836 on Nov. 23, according to the Covid Tracking Project.

(END) Dow Jones Newswires

11-25-20 1536ET

Stocks mentioned in the article
ChangeLast1st jan.
TARGET CORPORATION -1.62% 194.8 Delayed Quote.10.35%
WALMART INC. -1.59% 144.64 Delayed Quote.0.34%
All news about WALMART INC.
09:20aWALMART : Celebrating the Legacy of Dr. Martin Luther King Jr.
PU
02:24aRELIANCE TO EMBED E-COMMERCE APP INT : Mint
RE
01/15ALPHABET, INTEL, EXXON MOBIL : Stocks That Defined the Week
DJ
01/15LIVESTOCK HIGHLIGHTS : Top Stories of the Day
DJ
01/15SECTOR UPDATE : Consumer Stocks Still Adding to Friday Slide
MT
01/15DADA NEXUS : Group Rising After Announcing More Grocery Partnerships
MT
01/15France Blocks $20 Billion Takeover of Carrefour by Canada's Couche-Tard
DJ
01/15SECTOR UPDATE : Consumer Stocks Largely Resisting Steeper Declines
MT
01/15Walmart head of U.S. online business to step down
RE
01/15WALMART : e-commerce chief to leave after nearly 5 years
AQ
More news
Financials (USD)
Sales 2021 552 B - -
Net income 2021 19 352 M - -
Net Debt 2021 44 086 M - -
P/E ratio 2021 20,7x
Yield 2021 1,51%
Capitalization 409 B 409 B -
EV / Sales 2021 0,82x
EV / Sales 2022 0,81x
Nbr of Employees 2 200 000
Free-Float 48,9%
Chart WALMART INC.
Duration : Period :
Walmart Inc. Technical Analysis Chart | WMT | US9311421039 | MarketScreener
Technical analysis trends WALMART INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 37
Average target price 161,31 $
Last Close Price 144,64 $
Spread / Highest target 24,4%
Spread / Average Target 11,5%
Spread / Lowest Target -28,1%
EPS Revisions
Managers and Directors
NameTitle
C. Douglas McMillon President, Chief Executive Officer & Director
Gregory B. Penner Non-Executive Chairman
Dacona Smith Chief Operating Officer & Senior VP-Sam's Club
Brett M. Biggs Chief Financial Officer & Executive Vice President
Clay Johnson Enterprise Chief Information Officer & EVP
Sector and Competitors
1st jan.Capitalization (M$)
WALMART INC.0.34%409 228
SEVEN & I HOLDINGS CO., LTD.8.94%33 907
ALIMENTATION COUCHE-TARD INC.-12.45%33 069
SM INVESTMENTS CORPORATION0.19%26 350
AVENUE SUPERMARTS LIMITED2.08%24 981
COLES GROUP LIMITED-1.38%18 419