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$WMT CEO Doug McMillan: Comp sales accelerated from the beginning of the quarter helped by food, consumables, and Health & Wellness... at Sam's Club Scan & Go penetration is up more than 600 basis points and curbside delivery has been well received
$WMT CEO: As various governments around the country tighten up to help keep people healthy, it will be imperative that elected officials in Washington work together to deliver the help so many small businesses need to get through this next phase of the pandemic.
$WMT CEO: increased wages for 165K US Wlamart associates; >20K Sam's Club
$WMT CEO: I'd like to wrap up by saying congratulations to President Elect Biden. We look forward to working the administration and congress to move the country forward and solve issues on behalf of our associates, customers and other stakeholders.
$WMT US CEO John Furner on hours: hours changed in Q3, losses in Q2 subsided... no guidance on when they'll go back to 24 hour stores
$WMT US CEO on Walmart+: the program is new, we don't have a lot to share at this point ...
Brett Biggs says old stats about customers spending more in-store than online are pre-pandemic
(in effect, this period is going to mean a paradigm shift on things like that)
Brett Biggs says old stats about customers spending more in-store than online are pre-pandemic
(in effect, this period is going to mean a paradigm shift on things like that)
Analysts keep asking about performance on Walmart+
I did, too -- but we're not getting much by way of details.
I did, too -- but we're not getting much by way of details.
$WMT Biggs re avg ticket & pricing: seeing modest deflation.. bit of inflation on some food categories... price gaps did widen in Q2... less promotions.. transaction ticket size has benefitted
$WMT CEO: as to total supply chain, still stressed in some places...
Furner adds... depends on what community you're in... still strain on bath tissue - sanitizer & masks good... stress on deli, bacon, breakfast foods.. says staff doing a good job to source produce
Furner adds... depends on what community you're in... still strain on bath tissue - sanitizer & masks good... stress on deli, bacon, breakfast foods.. says staff doing a good job to source produce
$WMT CEO ( tho they got rid of some bots) It's been great to see some of the pilots that we've had in terms of automation start to really work... as it reduces the amount of work that associates have to do at the store level just moving freight around
$WMT CFO on holiday: excited about game offers... have 1300 new items in toys.. 800 unique to our toy deparments... getting great feedback from a number of kids... Walmart Camp online has also been really successful
(good reviews from kids is key!)
(good reviews from kids is key!)
$WMT CEO re planning for 2021: we're in control of our destiny.. we know what customers want.. so we're on our front foot.. but out mind-set goin in is an offensive mind-set
$WMT CEO re $AMZN Amazon Pharmacy:
talks about opening clinics... optimism about health & wellness remains high... have been delivering prescriptions around the country.. have curbside pick-up...
we're pretty optimistic for the ability of the pharmacy team to continue to innovate
talks about opening clinics... optimism about health & wellness remains high... have been delivering prescriptions around the country.. have curbside pick-up...
we're pretty optimistic for the ability of the pharmacy team to continue to innovate
