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Walmart (NYSE:WMT) plans to add new Mr. Gatti's Pizza shops inside Walmart locations across Texas, Louisiana, Oklahoma, and Kentucky.
The partnership with the pizza chain will begin in Q4 with the opening of 12 units in strategic locations. For Mr. Gatti's, the expansion strategy brings the chain's total units open or under development to 230 to double its national footprint and adds incremental pressure to Domino's Pizza (DPZ) and Papa John's International (PZZA).
Some of the other food chains with a presence in Walmart (WMT) stores include Uncle Sharkii Poke Bar, Wetzel’s Pretzels, Nathan's Famous (NATH), Wow Bao, Saladworks, The Cheesecake Factory (CAKE), and Quiznos. The expansion of in-store dining offerings followed the end of a 30-year partnership between Walmart (WMT) and McDonald's (MCD).
Shares of Walmart (WMT) are up almost 5% over the last six weeks in comparison to the 1% decline for the broad retail sector. Walmart (WMT) is on Seeking Alpha's Catalyst Watch this week, with Amazon's (AMZN) Prime Day even turning a bright spotlight on e-commerce sales.
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