Keep pulling the thread on John Ferner.
John Ferner will become the CEO of Walmart, Inc. beginning February 1, 2026.
In the third quarter of fiscal year 2026, Walmart's sales grew 5.9% overall in constant currency.
Walmart's adjusted operating income grew 8% in the third quarter of fiscal year 2026.
Walmart's total e-commerce sales increased by 27% in Q3, with each segment delivering growth above 20%.
Walmart's global advertising business, including Vizio, grew by 53% in Q3.
Walmart U.S. drove comparable sales growth of 4.5% in Q3.
E-commerce sales for Walmart U.S. grew by 28% in Q3, with marketplace sales growing 17%.
Walmart has a partnership with OpenAI that will allow customers to purchase items from Walmart and Sam's Club directly through ChatGPT.
At Walmart, more than 40% of new software code is either AI-generated or AI-assisted.
In Q3, the combined income from advertising and membership fees represented approximately one-third of Walmart's consolidated adjusted operating income.
Over 50% of Walmart's e-commerce fulfillment center volume is now automated.
Walmart's Q3 GAAP results include a non-cash charge of approximately $700 million related to share-based compensation for its PhonePe subsidiary in India, in contemplation of a potential IPO.