Walmart Inc (NYSE:WMT)
$ 84.99 0.78 (0.93%) Market Cap: 683.17 Bil Enterprise Value: 729.40 Bil PE Ratio: 44.17 PB Ratio: 8.09 GF Score: 77/100

Walmart Inc at Goldman Sachs Global Retail Conference (Virtual) Transcript

Sep 09, 2020 / 02:00PM GMT
Release Date Price: $46.63 (+1.04%)
Katharine Amanda McShane
Goldman Sachs Group, Inc., Research Division - Equity Analyst

Good morning, everyone. Thank you again for joining us today at the Goldman Sachs Global Retailing Conference.

It's my pleasure today to introduce Brett Biggs, Chief Financial Officer of Walmart, and he's here to have a fireside chat with us.

Walmart reported a solid comp with Walmart U.S. comps at plus 9.3% last quarter. Our positive thesis on Walmart is based on the defensiveness of the business benefiting from a long-tail food-at-home trend, new customer acquisition, market share opportunity due to consolidation, newer initiatives like Walmart+ and the company's proven ability to generate EBIT dollar growth in a steady-state environment.

As I mentioned, we're here with Brett Biggs. Prior to his current role, he held the roles of Chief Financial Officer for Walmart International, Walmart U.S. and Sam's Club. Before we get started, I just have to point to the safe harbor slide that you'll see on the webcast.

And with that, I think we can get started. Brett, thank you for joining

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot