Wal-Mart Stores (NYSE:WMT) Making Another Round of Job Cuts As Part of Chief Executive Officer Efforts To Streamline Operations

Wal-Mart Stores, Inc. (NYSE:WMT) [Trend Analysis] considering as most desiring stocks in active trading lead, shares slightly up after opening to traded at $68.43 with volume of 455789 shares. Wal-Mart Stores Inc. (WMT) declared that it is making another round of job cuts as part of Chief Executive Officer Doug McMillon’s efforts to streamline operations, according to a person familiar with the situation.

The move will eliminate hundreds of positions this month, said the person, who asked not to be identified because the plan isn’t public. The Wall Street Journal previously declared on the layoffs, saying they would fall particularly hard on the human-resources department, which some executives feel should be outsourced.

Wal-Mart has been looking for ways to slim down its operations at a time of increasing e-commerce spending and rising wages for employees. In late 2015, Wal-Mart eliminated hundreds of headquarters positions, followed by a relocation of 7,000 back-office accounting positions that was reported in September. Wal-Mart employs about 2.3 million people worldwide.

WMT is ahead its 52-week low with 16.97%and going down from its 52-week high price with -8.34%. The company’s shares performance for the last one month was -3.00% and -0.63% in the previous week. As the revenues measures, firm has operation margin of 4.80% in the following twelve months with net profit margin of positive 3.00%. The Company showed a positive 3.00% in the net profit margin. Company’s annual sales growth for the past five year was 2.70%.

Yum! Brands, Inc. (NYSE:YUM) [Trend Analysis] swings ardently in active trading session, it fells down to knees of -1.08% to close at $64.28. The stock price of firm is moving up from its 20 days moving average with 0.34% and remote isolated positively from 50 days moving average with 2.19%. (Full [FREE Analysis] of NYSE:YUM And Be Sure To Notice The Intermediate Period)

Moving toward the volatility measures, the price volatility of stock was 1.20% for a week and 1.07% for a month as well as price volatility’s Average True Range for 14 days was 0.71. The beta, which indicates risk in relegation to the market, remained 0.75. The firm past twelve months price to sales ratio was 1.98 and price to cash ratio remained 8.83. As far as the returns are concern, the return on equity was recorded as -534.30% and return on investment was 29.40% while its return on asset stayed at 18.60%.

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Roger Valet

A Seneca Globe News writer since 2013, Roger Valet covers Wall Street and stock market news. In the past Roger covered the real estate market and then moved on to cover corporate management. You can reach Mr. Roger at roger.valet@senecaglobe.com

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