Discover Walmart's key insights and observations from the Bank of America London Conference presentation:
- Walmart Inc. (NYSE:WMT) participated in the Bank of America London Investor Conference on June 25, 2024.
- John David Rainey, CFO of Walmart, and representatives from Investor Relations, Steph Wissink and Kary Brunner, were present.
- Walmart has transformed into an omnichannel leader globally over the past 4-5 years.
Consumer Behavior and Segment Performance:
- Consumers are being selective, shifting from general merchandise to food due to stretched wallets.
- General merchandise is deflationary, consumables roughly flat, and food prices up modestly.
- Revenue growth driven by units versus price, with a...
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