Walmart Inc at Evercore ISI Retail & Consumer Summit Transcript - Thomson StreetEvents

Walmart Inc at Evercore ISI Retail & Consumer Summit Transcript

Walmart Inc at Evercore ISI Retail & Consumer Summit Transcript - Thomson StreetEvents
Walmart Inc at Evercore ISI Retail & Consumer Summit Transcript
Published Jan 15, 2025
13 pages (8367 words) — Published Jan 15, 2025
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Abstract:

Edited Transcript of WMT.N presentation 15-Jan-25 10:59am GMT

  
Brief Excerpt:

...Great. Hello, everyone. I'm Rich Lehrfeld, the SVP and GM of Walmart Connect, which is Walmart's omnichannel retail media business. So I'm here to really talk about retail media and how we're helping drive Walmart's retail transformation. I'm going to do like a quick presentation. We'll just update you on what retail media as I know some know it extensively and some don't know as much. I'll do a quick presentation, and then we'll just do a Q&A. We'll go a little deeper into what retail media is. Hopefully you've seen our earnings in the past. Last fiscal year, we reported $3.4 billion of global advertising revenue for the Walmart business. We have reported last quarter a 26% growth rate. And then between membership and advertising, the operating income is about third of now -- of last quarter of operating income that are coming from membership and advertising. So a big business; it's growing fast. We think it's important at Walmart. Hopefully you guys will see what it is and why it's important...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
Walmart Inc
Ticker
WMT.N
Time
10:59am GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Bradley Thomas - KeyBanc Capital Markets Inc. - Analyst : Great. You want to join me over here, Rich?

Question: Bradley Thomas - KeyBanc Capital Markets Inc. - Analyst : Thanks. I'm Brad Thomas, the hardlines broadlines analyst with KeyBanc Capital Markets and thrilled to be here and those cookies looked quite good.

Question: Bradley Thomas - KeyBanc Capital Markets Inc. - Analyst : Rich, you joined Walmart in 2019. What attracted you to Walmart and this opportunity?

Question: Bradley Thomas - KeyBanc Capital Markets Inc. - Analyst : You mentioned in your presentation that retail media is disrupting advertising and that Walmart's a leader on that front. I was hoping we could talk a little bit more about how Walmart Connect is different from other media and from other retail media.

Question: Bradley Thomas - KeyBanc Capital Markets Inc. - Analyst : Let's talk a bit more about the value of the data that Walmart has and its customer insights. Why is having large-scale first-party data so important to marketers?

Question: Bradley Thomas - KeyBanc Capital Markets Inc. - Analyst : Great. How does Walmart Connect serve the core customer? Or how does it affect the shopping experience?

Question: Bradley Thomas - KeyBanc Capital Markets Inc. - Analyst : You alluded to VIZIO, an acquisition that recently closed. Can you talk about how the acquisition came about and how it will fit into Walmart Connect?

Question: Bradley Thomas - KeyBanc Capital Markets Inc. - Analyst : Great. Can you talk a bit more about Walmart Connect's omnichannel proposition and why that's a differentiator and why that's so important?

Question: Bradley Thomas - KeyBanc Capital Markets Inc. - Analyst : Rich, as a Walmart customer myself, as I look at the app, I do see the ads. The business has gotten fairly sizable. How do you think about what inning you are in the growth journey ahead here for Walmart Connect?

Question: Bradley Thomas - KeyBanc Capital Markets Inc. - Analyst : I think everybody knows that advertising is a higher-margin business. And looking forward for Walmart, advertising will be an important driver of the company's goals to grow operating income faster than sales. But I was hoping you could talk a bit more just about the financial returns from advertising and how you think about that? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JANUARY 15, 2025 / NTS, WMT.N - Walmart Inc at Evercore ISI Retail & Consumer Summit

Question: Bradley Thomas - KeyBanc Capital Markets Inc. - Analyst : Great. I want to double-click a bit on how Walmart Connect touches the store experience. You alluded to that some in your presentation. How is advertising influencing the shopping experience in the store?

Question: Bradley Thomas - KeyBanc Capital Markets Inc. - Analyst : Great. A question we get sometimes is how Walmart Connect fits into the interaction with a vendor. Are you a separate conversation with the vendor? Are you in the same negotiations with the vendor for your stores? How does that work?

Question: Bradley Thomas - KeyBanc Capital Markets Inc. - Analyst : Great. Can you talk about your strategic priorities for growth for the business going forward?

Question: Bradley Thomas - KeyBanc Capital Markets Inc. - Analyst : Great. Rich, you talked about some pretty exciting growth opportunities ahead for the industry overall in retail advertising, taking share. Just as you think about gating factors that drive the pace of this shift in advertising spend, how do you think about what some of those drivers might be for --?

Question: Bradley Thomas - KeyBanc Capital Markets Inc. - Analyst : We've got a minute left. So I'll just summarize everything maybe with one last question here for you, Rich. But in closing, could you speak to the data points that you see in the trenches, if you will, that give you conviction in the growth outlook for Walmart Connect?

Question: Bradley Thomas - KeyBanc Capital Markets Inc. - Analyst : Great. Thank you, Rich.

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Thomson StreetEvents. "Walmart Inc at Evercore ISI Retail & Consumer Summit Transcript" Jan 15, 2025. Alacra Store. May 06, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Walmart-Inc-at-Evercore-ISI-Retail-Consumer-Summit-T16266573>
  
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Thomson StreetEvents. (2025). Walmart Inc at Evercore ISI Retail & Consumer Summit Transcript Jan 15, 2025. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Walmart-Inc-at-Evercore-ISI-Retail-Consumer-Summit-T16266573>
  
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