Walmart Inc. (WMT) Presents At Goldman Sachs 32nd Annual Global Retailing Conference 2025 Transcript

Consumer Health Overview - The health of the consumer is generally stable, with strong demand observed in middle to upper income levels [1] - Middle to lower income levels are experiencing some stress, leading to behavioral changes in purchasing due to rising costs from tariffs [1] Expectations for the Remainder of the Year - The company expects consumer health to remain strong for the balance of the year, with a positive start to the current quarter [2] - The performance seen in the second quarter is anticipated to continue into the current quarter [2]