Walmart highlights omnichannel growth strategy and shareholder value focus at Investment Community Meeting

At its annual Investment Community Meeting, Walmart outlined a forward-looking strategy emphasizing growth, enhanced customer experiences, and long-term shareholder value. President and CEO Doug McMillon described the company’s approach as “people-led, tech-powered,” centered on delivering low prices, broad assortments, convenience, and trust.

Key highlights included:

- Growth through experience: Walmart’s blend of low prices and expanding ecommerce offerings, combined with rapid delivery, curbside pickup, and in-store enhancements, continues to drive customer growth.

- Evolving profit model: The company’s reshaped business model aims to grow profits faster than sales by investing in pricing, wages, and technology while maintaining healthy cash flows and capital returns.

- Q1 outlook maintained: The company reaffirmed its Q1 guidance of 3–4 percent sales growth and unchanged full-year FY2026 guidance, while noting some Q1 income variability due to category mix and tariffs.

CFO John David Rainey emphasized Walmart’s transformation, pointing to higher returns from strategic investments. Since its 2023 investor meeting, Walmart has achieved:

- Over 5 percent annual top-line growth and nearly 10 percent growth in adjusted operating income
- Over 20 percent annual ecommerce growth, now 18 percent of net sales
- Delivery coverage for 93 percent of the U.S. within 3 hours
- Increased Sam’s Club and Walmart+ membership and renewals
- Growth of global advertising to 4.4 billion dollars and acquisition of VIZIO
- Renovation of nearly 2,000 stores and investment in 373 new ones
- 22 billion dollars in annual capital expenditures, including 19 billion in the U.S.
- More than 7 billion dollars in share repurchases and a record dividend increase
- Launch of 21 Walmart private brands exceeding 1 billion dollars in sales each

Additionally, Walmart reported that PhonePe has begun preparations for a potential IPO in India.

For more information or to view a replay of the livestream, visit Walmart’s investor site at stock.walmart.com.