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Walmart Inc. (NYSE:WMT) 2025 Evercore Client & Retail Convention June 11, 2025 8:00 AM ET
Firm Contributors
Stephanie Wissink – Senior Vice President of Investor Relations
Todd Sears – Senior VP & CFO of Sam’s Membership
Convention Name Contributors
Gregory Scott Melich – Evercore ISI Institutional Equities, Analysis Division
Gregory Scott Melich
Nicely, good morning, everybody, to the second day of our Client and Retail Convention right here for Evercore. I am Greg Melich. I am the retail broadlines and hardlines analyst, and it is my pleasure to have with me this morning, Todd Sears, who’s the Senior Vice President and Chief Monetary Officer of Sam’s Membership, however spent over a decade at Walmart working so much worldwide. So I do know you’ve got been at Sam’s Membership for now possibly a bit over a 12 months.
Todd Sears
Simply over a 12 months, sure.
Gregory Scott Melich
So lots of pleasure and alter happening there and acceleration of progress. So Todd, thanks for becoming a member of us and look ahead to the dialogue.
Todd Sears
My pleasure. I am wanting ahead to it.
Query-and-Reply Session
Gregory Scott Melich
Nice. So first, let’s kick it off. Might you simply give us a short historical past and overview of Sam’s Membership. We noticed from the video, however possibly place that now as to the place you are seeing the patron normally and your member.
Todd Sears
Sure. The video, I feel, did a great job of offering a very huge overview. One factor I’d add, within the final 5 years, actually firstly of the COVID pandemic, which was the shot of adrenaline of progress, we have grown about 50% and nonetheless with the identical variety of golf equipment. That could be a great quantity of progress in retail over a 5-year interval. And it is that momentum that now we have constructed, we imagine the longer term continues to be very vivid to have the ability to proceed