Strong value offering, wide selection of products and services, massive scale and geographic diversity result in dominant market position in the global retail industry; Demonstrated track record of sales and profit growth through successful store development in the U.S. and integrating acquisitions in international markets; Wherewithal and renewed strategic commitment to elevate performance through investments in technology and infrastructure, as well as operate multiple formats; and Significant exposure in the grocery segment helps reduce volatility and risk given the less cyclical nature of this product category, though recently exposed to food deflation and price competition. Recent improvement in working capital management including inventory and payables driving better free operating cash generation this year; Continued execution of more aggressive shareholder initiatives
