Walmart President and CEO Doug McMillon said during the call that growth in units sold, transaction counts and market share gains, including in general merchandise, are among the current key factors driving positive momentum.
Additionally, McMillon said Walmart’s consistent focus on value, selection and the shopping experience are resonating with customers. “We expect to continue to earn healthy levels of sales growth and simultaneously grow profit faster than sales this year while managing our price gaps and investing in our associates at the same time,” McMillon said.