Walmart Releases 2022 Annual Report and Proxy Statement
April 21 2022 - 5:08PM
Business Wire
Walmart Inc. (NYSE: WMT) today issued its 2022 Annual Report and
filed its Proxy Statement in preparation for the company’s Annual
Shareholders’ Meeting on Wednesday June 1, 2022. Shareholders will
be able to attend the meeting online. There will be no physical
location for the meeting.
Annual Report Highlights
The 2022 Annual Report highlights Walmart’s financial strength
and positioning for ongoing success through investing to serve
customers in new, digital ways, growing new revenue streams,
investing in associates, supporting communities and working to
become a regenerative company, all while providing returns to
shareholders.
In his annual letter to shareholders, associates and customers,
Walmart President and Chief Executive Officer Doug McMillon shared
his gratitude for the accomplishments of Walmart associates and
partners, as well as his optimism, in light of the pandemic and
economic related issues during the past two years:
“Around the world, we’re still working through the various
pandemic related issues as well as the economic and employment
environments in each country where we operate. Despite the
challenges of the moment and those that lie ahead, the emotions I
feel are those of gratitude and optimism. I’m grateful for our
associates and grateful for the customers and members that trust us
enough to shop with us so frequently. I’m grateful to our
suppliers, our marketplace sellers, and those that partner with us
to serve customers and members better and engage in our collective
work to become a regenerative company. I’m optimistic about our
future because of the momentum we’ve built and the desire and
ability of our team to change, while embracing our timeless purpose
and values”
McMillon also outlined the strategic path forward for the
company and touched on how Walmart continues to find new ways to
support customers in new and different ways:
“As more customers and members join our ecosystem, it gives us
an opportunity to monetize the capabilities and assets we’ve
developed to diversify our revenue and profit base. Sometimes that
means new businesses like Walmart GoLocal, our delivery as a
service platform, or Walmart Luminate, a suite of insight and
analytic tools for suppliers and sellers. Other times it can be the
expansion of existing businesses like advertising, where we’ve seen
tremendous growth over the last few years. It’s now a $2.1 billion
business for us globally. We’re attaching B2B businesses to our B2C
businesses in a way that supports investments and
profitability.”
“Our strategy is clear. It’s to build strong local businesses
that share common flywheel characteristics, powered by Walmart with
ideas, resources, talent and technology. Each market is positioned
to deliver long-term, sustainable growth. Our teams in each market
know their customers well, and they partner on common areas to
drive progress even faster. We’re expanding the ecosystem that
supports them as we grow capabilities in areas like advertising,
payments and other financial services, and health care.”
2022 Annual Shareholders’ Meeting, Proxy Statement and
Proposal Voting
The company’s 2022 Annual Shareholders’ Meeting will be held in
a virtual meeting format only with no physical location. The live
audio webcast of the meeting will begin on June 1, 2022, at 10:30
a.m. CDT.
Shareholders who held shares as of the close of business on the
record date of April 8, 2022 will be able to vote their shares
before the meeting online at www.proxyvote.com, by calling
1-800-690-6903, by mailing a completed proxy card or by mobile
device by scanning the QR code on the proxy card or notice of
internet availability. Shareholders may also vote while logged in
and participating in the 2022 Annual Shareholders’ Meeting
here.
This year’s proxy materials seek shareholders’ votes on 11
director nominees, two company proposals, and seven shareholder
proposals. The public will also be able to listen to the Annual
Shareholders’ Meeting, without the option to vote, through a link
on the company’s website. The 2022 Proxy Statement can be read
online.
About Walmart
Walmart Inc. (NYSE: WMT) helps people around the world save
money and live better — anytime and anywhere — in retail stores,
online, and through their mobile devices. Each week, approximately
230 million customers and members visit more than 10,500 stores and
clubs under 46 banners in 24 countries and eCommerce websites. With
fiscal year 2022 revenue of $573 billion, Walmart employs
approximately 2.3 million associates worldwide. Walmart continues
to be a leader in sustainability, corporate philanthropy and
employment opportunity. Additional information about Walmart can be
found by visiting corporate.walmart.com, on Facebook at
facebook.com/walmart and on Twitter at twitter.com/walmart.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220421006119/en/
Media Relations Contact Jacquelyn Cook 800-331-0085
Investor Relations Contact Dan Binder 479-258-7172
Walmart (NYSE:WMT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Walmart (NYSE:WMT)
Historical Stock Chart
From Jul 2023 to Jul 2024