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Walmart Inc. (WMT) Presents at 2021 Stephens Annual Investment Conference (Transcript)

Dec. 01, 2021 4:35 PM ETWalmart Inc. (WMT) Stock
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Walmart Inc. (NYSE:WMT) 2021 Stephens Annual Investment Conference December 1, 2021 1:00 PM ET

Company Participants

Brett Biggs - CFO

Conference Call Participants

Benjamin Bienvenu - Stephens

[Call Starts Abruptly] I cover the food and grocery sector here at Stephens. I'm thrilled to introduce our keynote speaker, Brett Biggs, CFO at Walmart, who's going to join us today to take your questions, talk about the Company.

Brett, thanks for being here.

Brett Biggs

Thank you, Ben.

Benjamin Bienvenu

Always appreciate your time. This will be a Q&A session that I'll let, but I'll let the audience chime in. I'll check in periodically to see if there are questions.

Question-and-Answer Session

Q - Benjamin Bienvenu

But I think maybe to get things started, Brett, there's this question that I thought about a lot this last year, which is, in a lot of ways, what you guys are delivering today is what you promised in 2015 when Doug and the team announced a pretty dramatic change of course for the Company, significant shift in investment to eCommerce.

Brett Biggs

That was my first week as being announced as CFO.

Benjamin Bienvenu

That's right.

Brett Biggs

I remember that.

Benjamin Bienvenu

That was a significant time in your...

Brett Biggs

It was.

Benjamin Bienvenu

You've got the comps. You've become now a major player in the eCommerce arena. In a lot of ways, the market really believed in you back then. I didn't feel like at that first week. I remember you were rewarded with a higher valuation. You've now grown into that valuation. If I think about kind of the next five years, what are the things that you all are excited about that you think gets investors excited about Walmart and can be similarly transformational?

Brett Biggs

Yes. First of all, thanks for

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