On this page of StockholderLetter.com we present the latest annual shareholder letter from Walmart Inc. — ticker symbol WMT. Reading current and past WMT letters to shareholders can bring important insights into the investment thesis.
Annual Report 2024
A message from our CEO At Walmart, we re a people-led, tech-powered omnichannel retailer dedicated to helping people save money and live better. Last year s results were strong, and we finished the year with momentum. Our people-first approach using the best technology to power what we do means we re able to deliver on our purpose and grow our business. We re innovating and changing as our associates and customers change, while staying true to who we are. Doug McMillon President and Chief Executive Officer Walmart Inc. +6% +32% $100B +28% Revenues eCommerce sales Operating income Advertising 1 Read the full report and Doug s letter here: +200bps Returns +20% Membership income $36B Operating cash flow 1B Tonnes CO e emissions addressed2,3 Our global advertising business is recorded in either net sales or as a reduction to cost of sales, depending on the nature of the advertising arrangement. 1B tonnes CO2e emissions reduced, avoided, or sequestered reported by suppliers cumulatively since 2017 through Project Gigaton. Calculated in accordance with Walmart s Project Gigaton Accounting Methodology. 3This result also includes emissions impacts that may only be realized in 2024 through, up to and including 2030. Additional qualifying information can be found by visiting http://corporate.walmart.com/purpose/esgreport. 1 2 WAL-081_2024 AR v11.indd 2 4/5/2024 3:15:51 PM
 • shareholder letter icon 4/25/2024 Letter Continued (Full PDF)
 • stockholder letter icon 4/20/2023 WMT Stockholder Letter
 • stockholder letter icon More "Department Stores" Category Stockholder Letters
 • Benford's Law Stocks icon WMT Benford's Law Stock Score = 93


WMT Shareholder/Stockholder Letter Transcript:

Annual Report
2024

A message from our CEO
   At Walmart, we   re a people-led, tech-powered omnichannel retailer dedicated
to helping people save money and live better. Last year   s results were strong,
and we finished the year with momentum. Our people-first approach using the
best technology to power what we do means we   re able to deliver on our purpose
and grow our business. We   re innovating and changing as our associates and
customers change, while staying true to who we are.   
Doug McMillon
President and Chief Executive Officer
Walmart Inc.
+6%
+32%
$100B
+28%
Revenues
eCommerce
sales
Operating income
Advertising
1
Read the full report
and Doug   s letter here:
+200bps
Returns
+20%
Membership
income
$36B
Operating cash flow
1B Tonnes
CO   e emissions
addressed2,3
Our global advertising business is recorded in either net sales or as a reduction to cost of sales, depending on the nature of the advertising arrangement.
1B tonnes CO2e emissions reduced, avoided, or sequestered reported by suppliers cumulatively since 2017 through Project Gigaton. Calculated in
accordance with Walmart   s    Project Gigaton Accounting Methodology.    3This result also includes emissions impacts that may only be realized in 2024
through, up to and including 2030. Additional qualifying information can be found by visiting http://corporate.walmart.com/purpose/esgreport.
1
2
WAL-081_2024 AR v11.indd 2
4/5/2024 3:15:51 PM



shareholder letter icon 4/25/2024 Letter Continued (Full PDF)
 

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