A retail giant that runs thousands of stores and online shopping under the Walmart, Walmart Neighborhood Market, and Sam's Club brands, selling groceries and everyday goods at low prices across the U.S. and dozens of other countries. Sam Walton opened the first Wal-Mart Discount City in Rogers, Arkansas, in 1962 after his discount-store idea was rejected by his previous employer. The name blends his surname with "mart," short for market.
On June 4, 2026, Walmart Inc. held its Annual Shareholders' Meeting and approved an amendment to its Restated Certificate of Incorporation to limit officer liability to the fullest extent permitted under Delaware law.
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The Charter Amendment was filed with the Delaware Secretary of State on June 4, 2026, and became effective upon filing; a Restated Certificate incorporating the amendment was also filed the same day.
All eleven director nominees were elected for one-year terms, with votes ranging from approximately 6.27 billion to 6.52 billion 'for' votes per nominee.
Shareholders ratified Ernst & Young LLP as independent auditor for fiscal year ending January 31, 2027, with approximately 6.99 billion votes in favor.
Shareholders approved the nonbinding advisory vote on named executive officer compensation and the Charter Amendment, but rejected four shareholder proposals on cumulative voting, workplace health and safety, immigration policy, and AI/automation workforce impact.
5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits
Earnings8-K
Walmart reports Q1 FY27 revenue of $177.8B, up 7.3%, and issues Q2 guidance.
Revenue grew 7.3% to $177.8 billion, with global eCommerce sales up 26%.
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Operating income increased 5.0%, and adjusted EPS was $0.66.
Walmart U.S. comp sales grew 4.1%, and Sam's Club U.S. comp sales grew 3.9%.
Q2 FY27 guidance: net sales up 4-5% (cc), adjusted operating income up 7-10% (cc), adjusted EPS $0.72-$0.74.
FY27 outlook unchanged from prior guidance.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Walmart prices $4.25B multi-tranche senior notes offering due 2029-2036
Walmart entered into a Pricing Agreement dated April 27, 2026 with underwriters led by Citigroup, J.P. Morgan, Mizuho, Barclays, HSBC, and U.S. Bancorp to sell $4.25 billion aggregate principal amount of senior unsecured notes.
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The offering comprises Floating Rate Notes Due 2029 ($350M), 4.000% Notes Due 2029 ($650M), 4.150% Notes Due 2031 ($1.0B), 4.450% Notes Due 2033 ($1.25B), and 4.750% Notes Due 2036 ($1.0B).
Aggregate net proceeds to Walmart, after underwriting discounts but before transaction expenses, are approximately $4.230 billion.
The notes are being offered under Walmart's existing shelf registration statement (File No. 333-275878) and are expected to settle on April 30, 2026.
The notes will be senior, unsecured obligations ranking equally with all other senior unsecured debt of the company.
8.01 Other Events · 9.01 Financial Statements and Exhibits
Walmart EVP Suresh Kumar adopts Rule 10b5-1 plan to sell up to 199,610 shares in 2026.
On March 27, 2026, Walmart Inc. disclosed that Suresh Kumar, EVP, Global Chief Technology Officer and Chief Development Officer, entered into a Rule 10b5-1 stock trading plan.
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The plan provides for monthly sales of approximately 33,270 shares from June 29, 2026 through December 31, 2026, subject to a minimum stock price threshold.
The maximum aggregate shares that may be sold under the plan is 199,610, with unsold shares carried over to months when the price threshold is met.
The plan is for long-term asset diversification, tax, and financial planning, and Mr. Kumar will retain no discretion over transactions.
Mr. Kumar will continue to meet Walmart's stock ownership guidelines, which require holding stock worth at least five times his base salary.
Walmart discloses new Rule 10b5-1 trading plans for three executives, including former CEO Doug McMillon.
On March 10, 2026, Walmart was informed that C. Douglas McMillon, Director and former President and CEO, entered a Rule 10b5-1 trading plan to sell up to 155,328 shares, with monthly sales of 19,416 shares from June 2026 through January 2027.
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On March 12, 2026, EVP Corporate Affairs Daniel J. Bartlett entered a Rule 10b5-1 plan to sell up to $15,000,000 of Walmart common stock, with monthly sales of $416,666.67 from July 2026 to July 1, 2029, subject to a minimum stock price threshold.
On March 12, 2026, EVP and President/CEO of Walmart U.S. David Guggina entered a Rule 10b5-1 plan to sell up to 21,108 shares (net of tax withholding) from a restricted stock vesting on May 5, 2026, with sales starting June 10, 2026.
All three plans are for long-term asset diversification, tax, and financial planning, comply with Walmart's Insider Trading Policy, and give the executives no discretion over transaction timing.
McMillon's new plan replaces his prior Rule 10b5-1 plan entered on March 17, 2025, which expires after its last trade in May 2026.
Walmart Q4 FY26 revenue up 5.6% to $190.7B; FY27 EPS guidance $2.75-$2.85
Q4 revenue was $190.7 billion, up 5.6% (4.9% in constant currency); full-year revenue was $713.2 billion, up 4.7% (5.1% cc).
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Q4 operating income rose 10.8% (10.5% adjusted cc); full-year operating income up 1.6% (5.4% adjusted cc).
Q4 GAAP EPS was $0.53; adjusted EPS was $0.74, excluding a net loss of $0.21 on equity and other investments.
Global eCommerce sales grew 24% in Q4; Walmart U.S. comp sales rose 4.6%.
Company announced a new $30 billion share repurchase authorization and issued FY27 guidance: net sales growth 3.5%-4.5% cc, adjusted operating income growth 6.0%-8.0% cc, adjusted EPS $2.75-$2.85.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Walmart announces multiple executive leadership changes effective February 1, 2026
David Guggina appointed EVP, President and CEO of Walmart U.S., effective February 1, 2026, succeeding John Furner.
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Kathryn McLay will depart Walmart International, remaining in role until January 31, 2026, with employment ending April 30, 2026.
Christopher Nicholas appointed EVP, President and CEO of Walmart International, effective February 1, 2026.
Latriece Watkins appointed EVP, President and CEO of Sam's Club U.S., effective February 1, 2026.
New base salaries: Guggina $975,000, Nicholas $1,000,000, Watkins $925,000; equity awards range from $7M to $9M.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits