CLAIM #63402 · Walmart Inc. (WMT) · 2022Q2 earnings call · Aug 17, 2021 · due Aug 17, 2026
“And as you look at the longer-term growth that we talked about, 4% type growth for the company longer term, I still feel good about that.”
Brett Biggs · CFO
How to check this claim
Look at: Total company revenue growth rate, multi-year average over the long-term horizon
It came true if: Average annual revenue growth >= 3.5% (approximately 4%) over the long-term period
Where: Company income statement (10-K), multi-year revenue figures
In context
“for '22, your fiscal '22 is coming in faster than you expected. So now that that fiscal growth is coming in better than expected, so did it change any algo into next year? Or are you still confident that the business can keep growing algo going forward? Brett Biggs: Yes. Thanks, Simeon. We talked about in February that -- at that time when we gave guidance for this year, we did it assuming there was no government stimulus. We've certainly have gotten some of that during the year, and we've benefited from that. We've been straightforward on that front. So as Doug said though, we've been front-footed. We continue to lean in. We're making investments where we need to make investments. There's nothing that we're pulling back on that we feel is important for the long-term value of the company. And as you look at the longer-term growth that we talked about, 4% type growth for the company longer term, I still feel good about that. I feel good about our ability to grow profit greater than sales as we talked to in February. None of that has changed. And we -- but we said it's the first year or two, year-to-year growth depends some on what we see on stimulus this year, which we've gotten quite a bit. So year-to-year, Simeon, we'll come out and talk about that. But longer term, I remain very, very optimistic about the company. Operator: Thank you. Our next question comes from the line of Karen Short with Barclays. Please proceed with your question. Karen Short: Hi. Thanks very much. Actually, just I guess following up on that. So I think the NOC, that Walmart would get is obviously that you've been in a perpetual kind of investment cycle. And it does seem that you're in a little bit more of a steady state. So wondering”
Verify independently
SEC filings for WMT ↗ · Claim quote is verbatim from the 2022Q2 earnings call.