Walmart launched an “immersive commerce” partnership with 3D technology firm Unity.The collaboration lets Unity developers integrate Walmart’s commerce application programming interfaces (APIs) directly into their games and apps, which in turn lets creators sell physical items in real-time 3D (RT3D) across more than 20 platforms, according to a Thursday (Jan. 4) press release.The partnership unlocks new ways for developers and creators “to connect customers’ virtual and physical lifestyles and [establish] n ...

Walmart Inc. (NYSE:WMT) Morgan Stanley Global Consumer and Retail Conference December 6, 2023 12:45 PM ET Company Participants John David Rainey - EVP & CFO Conference Call Participants Simeon Gutman - Morgan Stanley Simeon Gutman Welcome to this keynote fireside. I'm Simeon Gutman, Morgan Stanley's Hardline Broadline and Food Retail Analyst. My pleasure to have Walmart in at this event. Second year in a row keynoting, represented by John David Rainey, EVP and CFO. Quick disclosures, please see our website, ...

Sales Performance - Comparable sales in the U.S. increased by 4.6% and 5.5% for the three and nine months ended October 31, 2023, respectively, compared to the same periods in the previous fiscal year[64] - Walmart U.S. segment had comparable sales growth of 4.9% and 6.1% for the three and nine months ended October 31, 2023, driven by growth in transactions and average ticket[64] - Net sales for the three months ended October 31, 2023, were $159.439 billion, a 5.3% increase from $151.469 billion in the same period of 2022[67] - Total revenues increased by $8.0 billion or 5.2% for the three months ended October 31, 2023, and $27.5 billion or 6.1% for the nine months ended October 31, 2023, compared to the same periods in the previous fiscal year[78] - Net sales for the Walmart U.S. segment increased by $4.6 billion or 4.4% for the three months and $17.4 billion or 5.7% for the nine months ended October 31, 2023, driven by comparable sales increases of 4.9% and 6.1% respectively[80] - Net sales for the Walmart International segment increased by $2.7 billion or 10.8% for the three months and $8.8 billion or 12.0% for the nine months ended October 31, 2023, primarily due to positive comparable sales and favorable currency fluctuations[81] - Net sales for the Sam's Club segment increased by $0.6 billion or 2.8% for the three months ended October 31, 2023, and by $1.4 billion or 2.2% for the nine months ended October 31, 2023, compared to the same periods in the previous fiscal year[82] - Comparable sales growth for the Sam's Club segment was 2.9% and 2.4% for the three and nine months ended October 31, 2023, respectively, driven by strong sales in grocery and health and wellness[82] Financial Performance - Operating income for the three months ended October 31, 2023, was $6.202 billion, compared to $2.695 billion in the same period of 2022, reflecting a significant increase[67] - Gross profit as a percentage of net sales increased to 24.0% for the three months ended October 31, 2023, from 23.7% in the same period of 2022[67] - Operating expenses as a percentage of net sales decreased to 21.0% for the three months ended October 31, 2023, from 22.8% in the same period of 2022[67] - Consolidated net income for the trailing twelve months ending October 31, 2023, was $16,401 million, up from $9,116 million in 2022, resulting in a return on assets (ROA) of 6.5%, compared to 3.7% in the previous year[71] - The return on investment (ROI) for the same period was 14.1%, an increase from 12.8% in 2022, with operating income rising to $25,319 million from $20,754 million[72] - Diluted net income per common share attributable to Walmart was $0.17 and $3.71 for the three and nine months ended October 31, 2023, representing increases of $0.83 and $1.74 respectively[78] - Consolidated net income increased by $2.4 billion for the three months and $5.1 billion for the nine months ended October 31, 2023, compared to the same periods in the previous fiscal year[78] Cash Flow and Investments - Free cash flow for the nine months ended October 31, 2023, was $4,340 million, an increase of $703 million compared to $3,637 million in the same period last year[75] - Net cash provided by operating activities increased to $19,014 million for the nine months ended October 31, 2023, up from $15,698 million in 2022[75] - Total capital expenditures for the nine months ended October 31, 2023, were $14,674 million, compared to $12,061 million in the prior year, reflecting a strategic investment in supply chain and technology[74] - Net cash used in investing activities was $(15,374) million for the nine months ended October 31, 2023, compared to $(12,965) million in 2022, reflecting increased capital investments[76] - Net cash used in financing activities was $0.2 billion for the nine months ended October 31, 2023, a decrease from $5.6 billion for the same period in 2022[88] - Cash and cash equivalents were $12.2 billion as of October 31, 2023, compared to $11.6 billion as of October 31, 2022[86] Asset Management - Average total assets increased to $253,415 million in 2023 from $246,254 million in 2022, contributing to the improved ROI[72] - The company reported total assets of $259,174 million as of October 31, 2023, up from $247,656 million in the previous year[72] - Average invested capital rose to $280,346 million in 2023, compared to $266,983 million in 2022, indicating a stronger capital base for operations[72] - The company allocated $8,014 million towards supply chain and customer-facing initiatives in the first nine months of 2023, up from $6,304 million in the same period last year[74] Tax and Regulatory Matters - The effective income tax rate was 29.7% for the three months and 26.1% for the nine months ended October 31, 2023, compared to (23.5)% and 32.4% for the same periods in the previous fiscal year[78] - The company is involved in over 400 opioid-related lawsuits, with a significant judgment of approximately $0.7 billion ordered to be paid over fifteen years[106] - The company has reached settlement agreements with all 50 states and other territories to resolve substantially all opioids-related lawsuits, effective September 6, 2023[107] - The company is responding to a show cause notice from India's Directorate of Enforcement regarding alleged violations of Foreign Direct Investment rules prior to its acquisition of Flipkart[110] - The company is vigorously defending against a lawsuit filed by the California Attorney General regarding hazardous waste management, with potential penalties exceeding $1 million[112] - In October 2023, the Company received a Finding of Violation from the U.S. Environmental Protection Agency (EPA) regarding alleged violations of the Clean Air Act[113] - The Company is currently evaluating the findings and cooperating with the EPA in its investigation[113] - The EPA may impose monetary and non-monetary penalties for the alleged violations, but the Company believes it will not have a material adverse effect on its business[113] - The Company cannot predict the final outcome of the EPA investigation at this early stage[113] Risk Factors - No material change in the risk factors has occurred since the Annual Report on Form 10-K for the fiscal year ended January 31, 2023[115] - The risk factors disclosed could materially and adversely affect the Company's business, results of operations, financial condition, and liquidity[115] - The Company acknowledges that additional unknown risks could also impact its operations[115] - The business operations may be affected by factors that apply to all companies operating in the U.S. and globally[115] Credit Ratings and Dividends - The company maintains strong credit ratings with Standard & Poor's at AA, Moody's at Aa2, and Fitch at AA for long-term debt[98] - The Board of Directors approved an annual dividend of $2.28 per share for fiscal 2024, an increase from $2.24 per share in fiscal 2023[91] Inflation Impact - Inflation continues to impact merchandise costs, influencing net sales and gross profit margin strategies[62]

Financial presentation to accompany management commentary FY24 Q3 Guidance The following guidance reflects the Company’s Metric Fiscal Year 2024 expectations for fiscal year 2024 and is provided on a non-GAAP basis as the Company Consolidated net sales (cc) Increase approximately 5.0% to 5.5% cannot predict certain elements that are included in reported GAAP results, such as the Consolidated operating income (cc) Increase approximately 7.0% to 7.5%, including expected 70bps tailwind from LIFO changes in fai ...

Walmart Inc. (NYSE:WMT) Q3 2024 Earnings Conference Call November 16, 2023 8:00 AM ET Company Participants Steph Wissink - SVP, IR Doug McMillon - CEO John David Rainey - CFO John Furner - CEO, Walmart U.S. Kathryn McLay - President and CEO, Walmart International Chris Nicholas - President & CEO, Sam's Club Conference Call Participants Simeon Gutman - Morgan Stanley Kelly Bania - BMO Capital Markets Paul Lejuez - Citi Kate McShane - Goldman Sachs Michael Lasser - UBS Rupesh Parikh - Oppenheimer Krisztina Ka ...

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. For the quarterly period ended July 31, 2023. or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. For the transition period from to . Commission File Number 001-06991 image2a22.jpg WALMART INC. (Exact name of registrant as specified in its charter) Delaware 71-0415188 (State or other ...

Walmart Inc. (NYSE:WMT) Q2 2024 Earnings Conference Call August 17, 2023 8:00 AM ET Company Participants Steph Wissink - Senior Vice President, Investor Relations Doug McMillon - CEO John David Rainey - CFO John Furner - CEO, Walmart U.S. Judith McKenna - CEO, Walmart International Kathryn McLay - CEO, Sam's Club Conference Call Participants Robbie Ohmes - Bank of America Katharine McShane - Goldman Sachs Oliver Chen - TD Cowen Rupesh Parikh - Oppenheimer Paul Lejuez - Citi Simeon Gutman - Morgan Stanley Ke ...

Financial presentation to accompany management commentary FY24 Q2 Guidance Metric Q3 The following guidance reflects the Company’s Consolidated net sales (cc) Increase approximately 3.0% expectations for the third quarter and fiscal Consolidated operating income (cc) Increase approximately 1.0% year 2024 and is provided on a non-GAAP basis as the Company cannot predict certain Adjusted EPS $1.45 to $1.50 elements that are included in reported GAAP results, such as the changes in fair value of the Company’s ...