103 annotations
So general merchandise as an example, 2/3 of the share gain that we had in the quarter was through this income demographic
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2024 Q4
24 Mar 24
rollbacks are one of the programs we used in the Walmart format. It's up around 50% of last year
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2024 Q4
24 Mar 24
customers are being choiceful
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2024 Q4
24 Mar 24
In the quarter, we gained share in virtually every category. But notably, one of the biggest contributors in the quarter was in this income demographic from households that make more than $100,000 a year.
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2024 Q4
24 Mar 24
Across countries, we continue to see a customer that's resilient, but looking for value.
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2024 Q4
24 Mar 24
in July and August of last year, we saw high double digits in categories like food and consumables
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2024 Q1
23 May 23
we always leave room for seasonal markdowns and at the end of each season, we want to ensure that we are clean on inventory so that we don't carry any liabilities for it
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2024 Q1
23 May 23
the markdown comparisons will moderate slightly forward
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2024 Q1
23 May 23
last year, we had markdown pressure throughout the entire year as we unloaded that freight and moved it from the ports to the distribution centers, to the stores and through the entire chain
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2024 Q1
23 May 23
In the first quarter, we definitely felt a tailwind from supply chain versus prior periods and including the execution all across the business. It becomes more of an issue as we lap Q2 last year. Q2 last year and late Q1 last year would have been the peak of inventories. We worked through a backlog of something like 100,000 containers that had been delayed at ports.
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2024 Q1
23 May 23
After a strong start, sales growth moderated as the quarter progressed. The 90 basis point deceleration and comp sales growth from Q4 was driven by pricing and the effect of lapping higher inflation rates in the prior year period.
We continue to gain share and grow unit volume and grocery.
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2024 Q1
23 May 23
we see the shift to private brand
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2024 Q1
23 May 23
we're still seeing around high single digits to double digits in parts of dry grocery and other places
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2024 Q1
23 May 23
demand profiles are looking a lot like they used to in 2018-2019 versus pandemic spend
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2024 Q1
23 May 23
So you see trade-ups and then if we see it in apparel, definitely seeing some growth in apparel and marketplace. And that is definitely being driven by some of our newer higher income customers.
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2024 Q1
23 May 23
And that's what we saw in the most recent quarter as well.
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2024 Q1
23 May 23
When we got to the third and the fourth quarter, there was a little more balance between the various income cohorts in terms of share gain.
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2024 Q1
23 May 23
On the high income cohort, I'll start there, and maybe John or others might want to jump in. But that was probably most pronounced. And by that, I mean, the shift that we saw, it was most pronounced in the second quarter last year.
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2024 Q1
23 May 23
in some categories like apparel, we're pulling some markdowns forward within the quarter to take advantage of the traffic that we'll see over the Memorial Day holiday
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2024 Q1
23 May 23
we've been strong in food and consumables, really encouraged by accelerations in marketplace in categories like apparel, some acceleration in certain home categories
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2024 Q1
23 May 23