Walmart Getting Stronger, Says CEO Duke
[Wednesday, October 10, 2012] Wal-Mart Stores, Inc. President and CEO Mike Duke today said the retailer’s business momentum is building strength and delivering financial results in its operations around the world. At Walmart's 19th Annual Meeting for the Investment Community, Duke also highlighted the company’s progress with the productivity loop and leveraging expenses, adding that it has a lot of "open road ahead” even beyond current plans. He said Walmart would bring the same discipline to capital expenditures and to the investments that the company is making in areas such as e-commerce and shared services, systems and global processes.
"Walmart is strong, and we are getting stronger,” said Duke. “We have momentum in our business that’s producing top line and bottom line results. We’re delivering on the productivity loop and being even more disciplined about operating expenses and capital spending. We’re making investments that are creating a better business. I believe that the combination of momentum, investment and discipline will continue to deliver growth, leverage and returns for our shareholders.”
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