00:00It's Benzinga bringing Wall Street to Main Street.
00:02Walmart announced a new joint membership Tuesday combining Walmart Plus and Sam's Club Plus for
00:07$120 annually, nearly $100 less than purchasing both memberships separately, according to CNBC.
00:14The program includes free delivery from both retailers, fuel discounts,
00:18streaming subscriptions, and 2% Sam's Club cash on eligible purchases.
00:23The announcement comes as Walmart focuses on convenience and value amid high food and gas
00:29prices. Walmart reported a 17% increase in global membership revenue during its fiscal second
00:35quarter, while Sam's Club membership revenue rose 6%. Sam's Club also recorded a 26% increase in
00:42e-commerce sales. Walmart said the new membership program is not expected to materially affect its
00:48fiscal third quarter or full year guidance. For all things money, visit Benzinga.com.
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