{"id":749884,"date":"2023-04-20T17:36:28","date_gmt":"2023-04-20T21:36:28","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/walmart-releases-2023-annual-report-and-proxy-statement\/"},"modified":"2023-04-20T17:36:28","modified_gmt":"2023-04-20T21:36:28","slug":"walmart-releases-2023-annual-report-and-proxy-statement","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/walmart-releases-2023-annual-report-and-proxy-statement\/","title":{"rendered":"Walmart Releases 2023 Annual Report and Proxy Statement"},"content":{"rendered":"

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Walmart Releases 2023 Annual Report and Proxy Statement<\/b><\/p>\n

BENTONVILLE, Ark.–(BUSINESS WIRE<\/a>)–
\nWalmart Inc. (NYSE: WMT) today issued its 2023 Annual Report and filed its Proxy Statement in preparation for the company\u2019s Annual Shareholders\u2019 Meeting<\/a> on Wednesday, May 31, 2023. Shareholders will be able to attend the meeting online. There will be no physical location for the meeting.<\/p>\n

Annual Report Highlights<\/b><\/p>\n

\nThe 2023 Annual Report<\/a> highlights Walmart\u2019s financial strength and positioning as a people-led, tech-powered omnichannel retailer dedicated to helping people save money and live better.<\/p>\n

\nIn his annual letter to shareholders and associates, Walmart President and Chief Executive Officer Doug McMillon expressed his gratitude and appreciation to shareholders for their confidence in the company and to associates who navigated a challenging year. McMillon also noted the company\u2019s evolution during his 32 years, going from a business that sold mostly general merchandise in the U.S., to now being the leading omnichannel retailer in the world:<\/p>\n

\u201c<\/i>Around the world, we have great people and a powerful set of assets and capabilities. With our combination of stores, Sam\u2019s Clubs, and eCommerce capabilities, we\u2019re positioned to serve people however they want to shop. They can come see us in a store or club or use their mobile device to order from an increasingly broad assortment. They can save money and time with us however they choose to in that moment.<\/i><\/p>\n

\u201c<\/i>When we bring our people and our tech together to serve customers and members, we create a true omnichannel experience. There isn\u2019t another retailer with over 10,500 stores, Sam\u2019s Clubs, and a scaled eCommerce business. For the first time I know of, our reputation for convenience has risen to nearly the same level as our strong reputation for price. This is an exciting development.\u201d<\/i><\/p>\n

\nMcMillon went on to note the company\u2019s investment approach shared during an April investor conference:<\/p>\n

\u201c[W]e shared our focus on growth as well as improved operating margin and return on investment. We can deliver value with everyday low prices for customers and members and improve our profitability and returns through productivity improvements and a new mix of businesses, including a growing marketplace and advertising.<\/i><\/p>\n

\u201cWe\u2019re dedicated to helping people save money and live better. Everyone understands what we mean when we say save money, but what does it mean to help people live better? This part of our strategy includes saving people time, helping them improve their health, providing tools to save on financial transactions, and strengthening their communities, and the planet.\u201d<\/i><\/p>\n

2023 Annual Shareholders\u2019 Meeting, Proxy Statement and Proposal Voting<\/b><\/p>\n

\nThe company\u2019s 2023 Annual Shareholders\u2019 Meeting will be held in a virtual meeting format only with no physical location. The live audio webcast of the meeting will begin on May 31, 2023, at 10:30 a.m. CDT.<\/p>\n

\nShareholders who held shares as of the close of business on the record date of April 6, 2023, will be able to vote their shares before the meeting in the follow ways:<\/p>\n