Symbotic climbs after expanded automation deal with Walmart
WMT•Symbotic shares rose 2.8% before the bell after Walmart committed about $6 billion over several years to expand automation at 25 U.S. regional distribution centers.
1. Expanded Walmart deal
Walmart said it would commit about $6 billion over several years to bring more automation capabilities to its distribution network. Under the agreement, Symbotic will provide additional automation capabilities to 25 U.S. regional distribution centers, supporting Walmart’s global supply chain and upstream inventory management for e-commerce.
