Walmart and Sam’s Club mark 20 years of Feeding America aid

Published 28/02/2025, 15:20
© Reuters.

CHICAGO - Walmart (NYSE: NYSE:WMT), the $777 billion market cap retail giant with annual revenues exceeding $680 billion, and Sam’s Club are celebrating two decades of partnership with Feeding America by launching their annual "Fight Hunger. Spark Change." campaign across all U.S. locations starting March 1. This year’s initiative, running through March 31, continues a tradition that has helped provide over 2 billion meals to Americans facing hunger.

Since their alliance began after Hurricane Katrina in 2005, Walmart and Sam’s Club have contributed approximately $271 million to Feeding America, a nationwide network of food banks. The collaboration has also resulted in over 9 billion pounds of food donations. The Walmart Foundation alone has donated $15.75 million in retail agency capacity grants, enhancing the food distribution capabilities of over 20 food banks and hundreds of partner agencies.

During the month-long campaign, customers can participate by purchasing specific products in-store or online, with suppliers committing to donate the monetary equivalent of meals to local Feeding America partner food banks. Additionally, shoppers have the option to donate at checkout or through Feeding America’s campaign websites. According to InvestingPro data, Walmart’s commitment to giving back hasn’t hindered its performance, with the stock delivering a remarkable 64% return over the past year.

Feeding America CEO Claire Babineaux-Fontenot praised the sustained efforts of Walmart and Sam’s Club, noting the significant impact of their "bold, impactful ideas" executed with consistency and purpose. The campaign’s local focus ensures that donations directly benefit community food banks.

The Walmart Foundation’s investments have fostered innovations such as the Rolling Store Food Pantry in Alabama, which received a grant to acquire a refrigerated freezer trailer, vastly improving their food distribution to rural counties.

This year, 24 suppliers for Walmart and six for Sam’s Club are participating in the campaign. Walmart Inc. (NYSE: WMT) and its subsidiaries, including Sam’s Club, continue to emphasize their commitment to sustainability, corporate philanthropy, and creating employment opportunities.

The partnership between Walmart, Sam’s Club, and Feeding America exemplifies a long-term, collaborative effort to combat food insecurity in the United States. For more information about the "Fight Hunger. Spark Change." campaign, interested parties can visit Feeding America’s website. This article is based on a press release statement.

In other recent news, Walmart Inc. reported strong fourth-quarter results with revenue reaching $180.6 billion, a 4.1% increase over expectations. Despite this, the company’s fiscal year 2026 guidance was more conservative, projecting an EPS of $2.50-2.60, which fell short of Wall Street’s anticipated $2.77. Analysts have reacted to these developments with varying adjustments to Walmart’s stock price targets. TD Cowen raised its target to $115, citing confidence in Walmart’s growth drivers like grocery and high-margin marketplace initiatives. Meanwhile, RBC Capital Markets lowered its target to $107, maintaining an Outperform rating, and noting that the company’s fundamental outlook remains strong. UBS also adjusted its price target slightly lower to $112, while sustaining a Buy rating, emphasizing Walmart’s market share gains and growth in alternative business ventures. Guggenheim increased its price target to $110, highlighting Walmart’s robust performance in digital sales and advertising. BMO Capital Markets maintained a price target of $110, expressing optimism about Walmart’s ongoing business momentum and strategic growth initiatives. These recent developments indicate a mixed but generally positive sentiment among analysts regarding Walmart’s future prospects.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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