Walmart Inc at Goldman Sachs Global Retailing Conference Transcript
Okay. We're going to get started. We're doing this lunch a little bit differently than yesterday because this is being webcast, so we are kind of have to start on time. But we're planning to wrap this up a little bit before 1:00. So you'll have a little bit longer of a break post the Walmart presentation.
Welcome to our lunch keynote today. We are speaking with Steve Bratspies, Chief Merchandising Officer of Walmart U.S. The Walmart U.S. business just posted its strongest 2-year stock comp in 10 years when it reported Q2 results in August. Our positive thesis on Walmart is based on its ability to leverage its store base for e-commerce while growing traffic at the stores and improving profitability. Walmart also guided U.S. comps towards the upper end of its prior range of 2.5% to 3% with positive expense leverage.
We think Walmart's strength is coming not only from the ease and convenience of its delivery and pickup options, but also from its strong merchandising, as the company continues to improve its offering to customers, both in-store and online. Focusing on how
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