At its 2016 Investment Community Meeting today, Wal-Mart Stores will outline the company’s strategic framework to grow by serving customers across all channels, creating a seamless shopping experience. The company is also sharing select guidance information along with its capital expenditure estimates for the next fiscal year.
Walmart President and CEO Doug McMillon will outline four key areas of focus to drive continued success:
- Make every day easier for busy families;
- Operate with discipline, including a continued focus on expense management;
- Be the most trusted retailer; and
- Deliver results and position the company to win.
McMillon noted ongoing success will be driven by a number of factors. These include continued momentum in the U.S. business; solid growth in key international markets, including Mexico and Canada; a sharpened focus in China; and ecommerce investments.
“We are encouraged by the progress we’re seeing across our business and we’re moving with speed to position the company to win the future of retail. Our customers want us to run great stores, provide a great ecommerce experience and find ways to save them money and time seamlessly – so that’s what we’re doing,” McMillon said.
Walmart CFO Brett Biggs will outline the company’s financial framework to deliver strong, efficient growth, operate with discipline and allocate capital strategically to drive long-term shareholder value. The company will rely more on comp sales and ecommerce growth to drive the top line and plans to slow new-store openings, while increasing investments in ecommerce, technology, store remodels and other customer initiatives.
Biggs added, “I’m pleased with the momentum in our business. We have the financial strength to strategically invest in growth, while returning significant cash to shareholders in the form of dividends and share repurchases.”
The press release was published on the Walmart website ahead of Friday’s meeting with investors.