Walmart Inc (NYSE:WMT)

$ 92.68 2.33 (2.58%) Market Cap: 725.82 Bil Enterprise Value: 799.06 Bil PE Ratio: 37.07 PB Ratio: 8.24 GF Score: 72/100

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

Sep 09, 2020 / 02:00PM GMT

Release Date Price: $46.63 (+1.04%)

Transcript 10-Q

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

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