3 Quotes to Read From Walmart's Management Team
Walmart (NYSE: WMT) announced mostly good news in its mid-May earnings report. While growth is slowing as compared to last year's surge, the retailer capitalized on a few favorable trends, which are set to keep sales rising after last year's record surge.
Management is still predicting a prolonged period of increased investment spending that threatens to pressure cash flow over the next few years. But it is more bullish on the rest of this fiscal year, and for Walmart's long-term growth prospects after a solid start to 2021.
Let's look at a few takeaways that CEO Doug McMillon and his team had for investors in Walmart's latest conference call with Wall Street analysts.
Source Fool.com
