Keep pulling the thread on John Ferner.
John Ferner will become the new CEO of Walmart Inc. beginning February 1, 2026.
In Q3, Walmart's total sales grew 5.9% and its adjusted operating income grew 8% in constant currency.
Walmart's total e-commerce sales increased by 27% in Q3, with each business segment delivering growth of over 20%.
In Q3, Walmart's global advertising business grew 53% including Vizio, and its membership income increased by 17%.
In Q3, advertising and membership fee income represented approximately one-third of Walmart's consolidated adjusted operating income.
Walmart raised its full-year fiscal 2026 guidance for constant currency sales growth to a range of 4.8% to 5.1%.
Walmart expects its full-year fiscal 2026 operating income to grow between 4.8% and 5.5% on a constant currency basis.
Walmart announced it will move its stock listing from the New York Stock Exchange to the NASDAQ.
Walmart has a partnership with OpenAI that will allow customers to purchase items from Walmart and Sam's Club directly through ChatGPT.
Walmart International's Q3 sales increased by 11.4% in constant currency, and its adjusted operating income grew by 16.9%.
Walmart U.S. Q3 comparable sales grew 4.5%, and its e-commerce sales grew by 28%.
Sam's Club U.S. delivered comparable sales growth of 3.8% and e-commerce sales growth of 22% in Q3.