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Walmart Inc. is a global omni-channel retailer that offers a wide range of products and services through its three main segments: Walmart U.S., Walmart International, and Sam's Club. The company is involved in mass merchandising, eCommerce, and operates membership-only warehouse clubs, providing products across categories such as grocery, general merchandise, and health and wellness . Walmart emphasizes its omni-channel capabilities, integrating physical stores with eCommerce to enhance customer experience .
- Walmart U.S. - Operates as the largest segment, providing mass merchandising and eCommerce services in the U.S., offering products in grocery, general merchandise, and health and wellness categories.
- Grocery - Includes dry grocery, snacks, dairy, and beverages.
- General Merchandise - Covers entertainment, hardlines, fashion, and home products.
- Health and Wellness - Encompasses pharmacy and medical products.
- Walmart International - Expands the company's global presence with operations in 18 countries, including eCommerce and omni-channel initiatives.
- Sam's Club - Functions as a membership-only warehouse club in the U.S., contributing to revenue through both physical locations and eCommerce.
| Name | Position | External Roles | Short Bio | Start Date |
|---|---|---|---|---|
C. Douglas McMillon ExecutiveBoard | President and CEO | Business Roundtable (Board Member), Consumer Goods Forum (Board Member), U.S.-China Business Council (Board Member), Tsinghua University School of Economics and Management (Advisory Board Member), Crystal Bridges Museum of American Art (Board Member) | Joined Walmart in 1991; became CEO in 2014. Previously led Walmart International and Sam's Club. Key driver of Walmart's omni-channel strategy. | 2014 |
Christopher Nicholas Executive | President and CEO, Sam's Club | None | Joined Walmart in 2018. Previously COO of Walmart U.S. Became CEO of Sam's Club in 2023. | 2023 |
David M. Chojnowski Executive | Senior Vice President and Controller | None | Joined Walmart in 2014. Previously VP and Controller for Walmart U.S. | 2017 |
Donna Morris Executive | EVP, Global People and Chief People Officer | None | Joined Walmart in 2020. Previously Chief HR Officer at Adobe. | 2020 |
John David Rainey Executive | Executive Vice President and CFO | None | Joined Walmart as CFO in 2022. Previously CFO at PayPal. | N/A |
John Furner Executive | President and CEO, Walmart U.S. | None | Joined Walmart in 1993 as an hourly associate. Became CEO of Walmart U.S. in 2019. Previously CEO of Sam's Club. | 2019 |
Kathryn McLay Executive | President and CEO, Walmart International | None | Joined Walmart in 2015. Previously CEO of Sam's Club, where she achieved double-digit sales growth. Became CEO of Walmart International in 2023. | 2023 |
Suresh Kumar Executive | EVP, Global CTO and Chief Development Officer | None | Joined Walmart in 2019. Previously held leadership roles at Google, Amazon, and Microsoft. Key driver of Walmart's AI and technology modernization efforts. | 2019 |
Bob Moritz Board | Director | Board Member at State University of New York at Oswego Foundation, Generation Unlimited, and World Economic Forum International Business Council | Joined Walmart's board in 2024. Former Global Chair of PwC. | 2024 |
Carla A. Harris Board | Director | Senior Client Advisor at Morgan Stanley, Board Member at Cummins Inc. and MetLife, Inc., Board Member at Sesame Workshop and Mother Cabrini Health Foundation | Joined Walmart's board in 2017. Former Vice Chairman at Morgan Stanley. | 2017 |
Gregory B. Penner Board | Chairman of the Board | Owner and CEO of Denver Broncos, General Partner at Madrone Capital Partners, Board of Trustees at Brown University | Joined Walmart's board in 2002; became Chairman in 2015. Former CFO of Walmart Japan and key contributor to Walmart's eCommerce strategy. | 2015 |
Marissa A. Mayer Board | Director | CEO of Sunshine, Board Member at AT&T Inc., Board Member at Go Forward, Inc., Board Member at Maisonette, LLC, Board Member at San Francisco Ballet | Joined Walmart's board in 2012. Former CEO of Yahoo and early Google executive. | 2012 |
Randall L. Stephenson Board | Director | Board Member at Boy Scouts of America and PGA Tour | Joined Walmart's board in 2021. Former Chairman and CEO of AT&T. | 2021 |
Sarah Friar Board | Director | CEO of Nextdoor (resigning May 2024), Co-Founder of Ladies Who Launch, Fellow at Aspen Global Leadership Network | Joined Walmart's board in 2018. Former CFO of Square. | 2018 |
Steuart L. Walton Board | Director | Founder and Chairman of RZC Investments, Co-Founder of Runway Group, Board Member at Crystal Bridges Museum of American Art, Smithsonian National Air and Space Museum (Emeritus) | Joined Walmart's board in 2016. Former Senior Director of International M&A at Walmart. | 2016 |
Tom Horton Board | Lead Independent Director | Partner at Global Infrastructure Partners, Board Member at General Electric Company, Executive Board Member at Cox School of Business | Joined Walmart's board in 2014. Former Chairman and CEO of American Airlines. | 2014 |
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As you continue to invest in areas like price reductions and wage increases to lay the foundation for future growth, how do you balance these investments with the need to accelerate enterprise-wide profit growth, and are you seeing diminishing returns in these areas that might impact profitability next year and beyond?
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With the competitive landscape intensifying, particularly from both traditional and non-traditional retail players, how is Walmart planning to sustain its market share gains in the U.S., and what strategic adjustments are you making in response to competitors' actions?
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Given the changes in your fourth-quarter operating income guidance and the significant wage investments at Sam's Club, how are you managing gross margin expectations, especially in light of continued pressure from higher health and wellness sales and potential e-commerce profitability challenges in the U.S.?
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With the growth in Walmart Plus memberships, can you elaborate on how this is translating into increased customer spend and loyalty, and how you are leveraging the data from these members to drive growth in your new businesses?
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Despite a positive inflection in general merchandise sales, the mix shift towards consumables continues to pressure gross margins; when do you anticipate a more balanced growth between general merchandise and consumables, and what impact will this have on overall gross margin expansion?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Competes with Sam's Club in the membership-only warehouse club segment, offering value at members-only prices, a quality merchandise assortment, and bulk sizing to serve members. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
VIZIO Holding Corp. | 2025 | Walmart completed the acquisition of VIZIO to leverage its operating system for targeted ads and content, enhancing its retail media capabilities. The deal, which initially resulted in 70 basis point headwinds but is forecasted to become earnings accretive by the following year and contribute a 20 basis point tailwind to net sales growth, reflects strategic integration despite near-term negative impacts on operating income due to transition costs. |
Alert Innovation | 2023 | Walmart acquired Alert Innovation for $0.4 billion in fiscal 2023, transitioning the company from a variable interest entity to a wholly owned subsidiary. This acquisition supports Walmart’s innovation and technological growth strategies by consolidating full control of Alert Innovation. |
Massmart | 2023 | In fiscal 2023, Walmart executed a $0.4 billion buyout of Massmart's noncontrolling interest shareholders, increasing its stake from roughly 53% to 100%. This transaction, completed in the fourth quarter of fiscal 2023, involved the reallocation of cumulative currency translation effects back to Walmart, solidifying its full ownership. |
Recent developments and announcements about WMT.
Earnings
New Earnings (Q4 2025)
·Feb 20, 2025, 4:28 PMView full earnings summary →Walmart’s Q4 results highlight new profit streams (advertising, membership, WFS) driving over half of operating income growth and an 80% cut in e-commerce losses. Dividend is up 13%—biggest hike in a decade. Management guides 5–7% EBIT growth for FY26.
Press Releases
Press Release
·Feb 12, 2025, 1:49 AMView full press release →Pomerantz LLP is investigating whether Walmart engaged in securities fraud and misleading practices related to driver pay. The probe follows a CFPB lawsuit alleging drivers paid fees exceeding $10M for accessing funds.