2024-06-12 14:35:28 ET
Walmart Inc. (WMT)
Annual Evercore ISI Consumer and Retail Conference Call
June 12, 2024, 10:15 AM ET
Company Participants
John David Rainey - Executive Vice President & Chief Financial Officer
Conference Call Participants
Greg Melich - Evercore ISI
Presentation
Greg Melich
Good morning. It's Greg Melich. I cover the retail broadlines and hardlines here at Evercore ISI. It's my great pleasure to have with us John David Rainey, Executive Vice President and CFO of Walmart, along with Steph and Kary, who I think a lot of you know well from the Investor Relations team.
So, John David, it's a pleasure to have you with us. We've got 35 minutes. I would love to jump right into questions, if you're okay with that.
John David Rainey
Well, let's do it. I'm happy to do this, Greg.
Question-and-Answer Session
Q - Greg Melich
Great. So first, Walmart has had a lot of success on the top-line with traffic accelerating to 3%-plus growth in a world where it's been hard to get volume and traffic growth. Help us understand at a category and a geographic customer level, where the most traction is coming from and how you keep it going?
John David Rainey
Sure. We've been really pleased with the progress that we've seen in an overall macro environment where pricing is contributing less to the top-line, we've been able to push units through. If you look at the composition of our revenue growth in the first quarter, almost entirely driven by units, and so really pleased with that. That's indicative of how consumers are thinking about us. So, they're coming to us not just for value, but also for convenience....
Read the full article on Seeking Alpha
For further details see:
Walmart Inc. (WMT) Annual Evercore ISI Consumer and Retail Conference (Transcript)