Wal-Mart Stores today (3 June) announced a new US$15bn share buy-back programme.

The scheme replaces a previous programme that saw the US retailer buy back almost $13bn of shares.

“Our purchase of almost $13bn of Wal-Mart stock since last June is indicative of our strong free cash flow position,” said CFO Charles Holley. “We are pleased to continue our share repurchase program with this new $15bn authorisation.”

Under the programme, repurchased shares are constructively retired and returned to unissued status.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now