Walmart Q1 Earnings Continue Its Connected Economy Evolution

Walmart reported better than expected Q1 earnings Thursday (May 16) but that’s not the most important story. The earnings announcement and subsequent analyst call showed a price-driven retailer making adjustments to its core business model in the interest of driving long-term revenue growth in the connected economy.“I probably ignore the external environment more than you do,” CEO Doug McMillon said in answer to an analyst question. “We are focused on what we’re doing and how we earn business with customers ...