Walmart (WMT) Company Report

Analyst Earnings Quarterly Reports

Earnings summaries and quarterly performance for Walmart.

Executives

Executive leadership at Walmart.

Doug McMillon

Detailed

President and Chief Executive Officer

CEO

John Furner

Detailed

Executive Vice President, President and CEO, Walmart U.S.

Chris Nicholas

Executive Vice President, President and CEO, Sam’s Club U.S.

John David Rainey

Executive Vice President and Chief Financial Officer

Kath McLay

Executive Vice President, President and CEO, Walmart International

Rachel Brand

Executive Vice President, Global Governance, Chief Legal Officer, and Corporate Secretary

Suresh Kumar

Executive Vice President, Global Chief Technology Officer and Chief Development Officer

Research analysts who have asked questions during Walmart earnings calls.

Michael Lasser

UBS

6 questions for WMT

Also covers: AAP, ASO, AZO +24 more

Simeon Gutman

Morgan Stanley

6 questions for WMT

Also covers: AAP, ACI, ARHS +32 more

Christopher Horvers

JPMorgan Chase & Co.

5 questions for WMT

Also covers: AAP, ASO, AZO +17 more

Seth Sigman

Cantor Fitzgerald

5 questions for WMT

Also covers: AAP, ARHS, AZO +13 more

Gregory Melich

Evercore ISI

4 questions for WMT

Also covers: AAP, ASO, AZO +8 more

Kelly Bania

BMO Capital Markets

4 questions for WMT

Also covers: ACI, ARKO, CASY +11 more

Paul Lejuez

Citigroup

4 questions for WMT

Also covers: , ACI, AEO +36 more

Robert Ohmes

Bank of America

4 questions for WMT

Also covers: ACI, ARHS, ASO +17 more

Chuck Grom

Gordon Haskett Research Advisors

3 questions for WMT

Also covers: BJ, CASY, COST +11 more

Kate McShane

Goldman Sachs

3 questions for WMT

Also covers: ASO, AZO, BBWI +19 more

Katharine McShane

Goldman Sachs Group, Inc.

3 questions for WMT

Also covers: AAP, ASO, BBWI +16 more

Rupesh Parikh

Oppenheimer & Co. Inc.

3 questions for WMT

Also covers: ACI, BJ, CHD +16 more

Corey Tarlowe

Jefferies

2 questions for WMT

Also covers: AEO, ANF, BOOT +14 more

Edward Kelly

Wells Fargo

2 questions for WMT

Also covers: ACI, BJ, COST +11 more

Krisztina Katai

Deutsche Bank AG

2 questions for WMT

Also covers: BBWI, CASY, DLTR +7 more

Peter Benedict

Robert W. Baird & Co.

2 questions for WMT

Also covers: ARHS, BJ, COOK +9 more

Peter Keith

Piper Sandler & Co.

2 questions for WMT

Also covers: ARHS, BBY, BOOT +18 more

Robbie Ohmes

Bank of America

2 questions for WMT

Also covers: ARHS, DKS, DLTR +5 more

Rupesh D. Parikh

Oppenheimer & Co.

2 questions for WMT

Scot Ciccarelli

Truist Securities

2 questions for WMT

Also covers: AAP, AZO, BBY +12 more

Bradley Thomas

KeyBanc Capital Markets Inc.

1 question for WMT

Also covers: CENT, ETD, FIVE +10 more

Charles Grom

Gordon Haskett Research Advisors

1 question for WMT

Also covers: BJ, CASY, COST +13 more

David Bellinger

Mizuho Securities USA LLC

1 question for WMT

Also covers: AZO, CHWY, COST +11 more

Joseph Feldman

Telsey Advisory Group

1 question for WMT

Also covers: ACI, BBY, COOK +9 more

Karen Short

Melius Research

1 question for WMT

Also covers: ACI, BBY, COST +9 more

Michael Baker

D.A. Davidson & Co.

1 question for WMT

Also covers: AAP, AMRK, AZO +17 more

Oliver Chen

TD Cowen

1 question for WMT

Also covers: BJ, BRLT, COST +21 more

Zhihan Ma

Bernstein

1 question for WMT

Also covers: COST, DG, DLTR +3 more

Latest news

Recent press releases and 8-K filings for WMT.

Walmart announces leadership changes

WMT

Management Change

Walmart’s Board of Directors elected new Executive Council leaders to strengthen governance and strategic direction.
John Furner was named President and Chief Executive Officer, marking a top-level leadership transition.
Furner outlined further organizational changes aimed at fueling innovation and advancing Walmart’s retail strategy.
Internal promotions highlight Walmart’s culture of opportunity and its view of employees as the greatest competitive advantage.

3 days ago

Press Release

Walmart announces leadership changes

WMT

CEO Change

Management Change

The Board of Directors elected new leaders to the Executive Council to strengthen leadership and drive strategic priorities.
John Furner, with 32 years at Walmart, is the incoming President and CEO, reflecting the company’s culture of internal promotion.
The leadership moves are designed to fuel innovation and usher in a new era of retail, according to Furner.

3 days ago

Press Release

Walmart announces departure of International CEO

WMT

CEO Change

Management Change

Kathryn McLay, President and CEO of Walmart International, will depart the company on January 31, 2026, and remain through Q1 to support a smooth transition.
Since assuming the role in 2023, McLay delivered strong top- and bottom-line growth, drove the digital and technology transformation, and bolstered the leadership team.
Previously, as President and CEO of Sam’s Club U.S., she achieved 12 consecutive quarters of double-digit sales growth.

3 days ago

8-K

Walmart International CEO McLay steps down

WMT

CEO Change

Management Change

Kathryn McLay, president and CEO of Walmart International, will step down on Jan. 31, remaining through Q1 to ensure a smooth transition; a successor will be named soon.
Under her leadership, International net sales reached $33.5 billion, a 10.8% year-over-year increase, serving roughly 80 million customers weekly across markets including China and India.
McLay joined Walmart in 2015 and, as Sam’s Club CEO, delivered 12 consecutive quarters of double-digit sales growth and grew annual revenue by 43% to about $84 billion.
Her departure is amicable and part of broader leadership changes at Walmart, with executives praising her contributions to both top- and bottom-line growth and digital transformation.

4 days ago

Bloomberg

Walmart outlines AI-driven commerce strategy at ICR Conference 2026

WMT

Product Launch

New Projects/Investments

Walmart is partnering with AI platforms like ChatGPT and Google’s Gemini to embed a Walmart-powered shopping experience leveraging the retailer’s breadth of assortment, competitive pricing, and speed directly within conversational agents.
Customer data generated on Walmart’s platforms and in stores remains proprietary, with only minimal information (e.g., order status) shared upon explicit customer consent.
Walmart views AI integration as a growth opportunity, enabling expansion into new shopping occasions and high-consideration categories (electronics, fashion, baby) beyond traditional grocery and essentials.
Walmart has deployed AI and robotics throughout its supply chain to predict demand and accelerate fulfillment, and equips store associates with an AI-powered app (“Squiggly”) to optimize shelf replenishment and customer service.
The consumer-facing Walmart app features “Sparky,” an LLM-based chat assistant that handles customer service, automates routine reorders, and will evolve to provide personalized shopping guidance.

6 days ago

Transcript

Walmart outlines AI acceleration and agentic commerce strategy at ICR Conference 2026

WMT

New Projects/Investments

At ICR Conference, EVP Daniel Danker defined agentic AI as proactive actions—such as automatically replenishing laundry detergent by anticipating usage—surpassing traditional machine learning personalization.
Partnerships with OpenAI/ChatGPT and Google/Gemini will embed Walmart-powered commerce experiences into these platforms while keeping customer data within Walmart, leveraging its assortment, price, and speed for growth.
Agentic AI use cases are driving high-consideration categories—electronics, fashion, baby—where customers benefit from conversational guidance, and the Walmart app aims to reduce scrolling by understanding intent and simplifying cart completion.
AI-driven supply chain and in-store operations include predictive demand forecasting in distribution centers for faster delivery and AI-powered associate apps for optimized shelf replenishment, store navigation, and safety prioritization.

6 days ago

Transcript

Walmart outlines AI-driven commerce strategy at ICR Conference

WMT

Walmart distinguishes between traditional machine learning (pattern matching) and AI’s ability to “interpret” and “understand” customer intent, with agentic AI poised to take autonomous actions like automatically reordering household staples before running out.
The company plans to leverage AI for personalized commerce, e.g., showing customers themselves wearing apparel or suggesting complete ingredient lists for recipes based on initial cart items.
A new partnership with Google integrates Walmart’s AI agent into Gemini, enabling customers to discover items in Chat or Gemini and complete purchases in a unified, personalized interface—extending Walmart’s reach into non-shopping moments (e.g., stain-removal queries).
AI is deeply embedded across Walmart’s operations: predictive supply-chain forecasting accelerates order fulfillment close to customers, while in-store associate tools (Squiggly) optimize shelf replenishment and safety tasks, and the Sparky chat feature streamlines customer service and repeat purchasing.

6 days ago

Transcript

Walmart to expand drone delivery network to 270 sites

WMT

New Projects/Investments

Product Launch

Walmart and Wing will expand their drone delivery partnership to 270 stores coast-to-coast by 2027, targeting 40 million Americans.
The rollout begins Jan. 15 in Houston, offering deliveries of groceries, household goods, gifts and OTC medicine in as little as 30 minutes.
Adoption in Dallas–Fort Worth and Atlanta has surged: deliveries have tripled and top users order about 3 times a week.
Wing’s drones carry up to 5 lbs, cruise at 105 km/h with a 19 km round-trip range; service is free for Walmart+ members.

8 days ago

WSJ

Walmart integrates shopping into Google Gemini

WMT

Product Launch

New Projects/Investments

Walmart and Sam’s Club inventory is now accessible within Google’s AI chatbot Gemini, enabling instant in-chat checkout and personalized recommendations.
The integration leverages the Universal Commerce Protocol (UCP) and supports multiple payment options, including linked Google accounts and PayPal.
Users can merge new purchases with existing Walmart or Sam’s Club online carts and retain Walmart+ or Sam’s Club membership benefits.
Real-time stock data powers rapid local delivery—often under three hours and in some cases as fast as 30 minutes—with a U.S. debut and planned international rollout.
The move is part of Walmart’s multi-AI strategy to close its e-commerce gap with Amazon.

8 days ago

Bloomberg

Walmart appoints Superhuman CEO to board

WMT

Board Change

Hiring

Walmart has appointed Shishir Mehrotra, CEO of Superhuman and former YouTube product chief, to its Board of Directors effective immediately; he will serve on the Compensation and Management Development and Technology and eCommerce Committees.
The hire bolsters Walmart’s tech-powered strategy, with Mehrotra tasked with advancing “agentic AI” initiatives across over 10,700 stores serving about 270 million customers weekly.
Investors reacted positively, sending shares up 0.5% intraday to around $112.82, and several analysts raised price targets after the announcement.