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Walmart's (WMT) Management Presents at Raymond James 42nd Annual Institutional Investors Conference (Transcript)

Mar. 02, 2021 3:54 PM ETWalmart Inc. (WMT)
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Walmart Inc. (NYSE:WMT) Raymond James 42nd Annual Institutional Investors Conference Call March 2, 2021 11:40 AM ET

Company Participants

Brett Biggs – Executive Vice President and Chief Financial Officer

Conference Call Participants

Bobby Griffin – Raymond James

Bobby Griffin

Well, good morning everybody. Thank you for joining us today virtually at Raymond James 42nd Annual Institutional Investors Conference. For those that have not had the chance to meet in person, I'm Bobby Griffin, I cover consumer hardlines and retail here at Raymond James.

Today, I'm pleased to introduce Brett Biggs, CFO of Walmart; also, in attendance virtually from the company is Kary Brunner, Senior Director of Investor Relations.

So, today's format will be a fireside chat between Brett and I. But before we begin, let me remind you that there may be forward-looking statements made today. So please refer to Walmart's website for the full legal, Safe Harbor statement.

Brett, first, thank you for joining us. We really appreciate the support. And I must say, I hopefully look forward to doing this in person next year in Sunny, Orlando.

Brett Biggs

Yes, it's always a great way to start the year actually with you guys down in Florida. So hopefully we'll get that work done next time.

Bobby Griffin

Absolutely. Absolutely, so maybe just to get us start, you guys just released a great fiscal fourth quarter and hosted an Investor Day. So maybe you can talk a little bit about what you are seeing from the U.S. consumer? And how you think COVID-19 has shaped the competitive environment as we move here into calendar year 2021?

Brett Biggs

Yes, it's amazing. I'm sure it's on everybody's mind that basically we're coming around to a year from when COVID became a real challenge in the United States. So, a lot has changed. If we were

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