We just wrapped up an amazing Year Beginning Meeting in Houston, and yesterday, our CEO Doug McMillon closed out YBM by splitting Walmart’s stock for the first time since 1999! Doug joined me on The Huddle to discuss this exciting news – what it means, and how it will allow even more people to become shareholders in our company.
Of course, we also talked about our favorite group of Walmart shareholders: the 400,000 associates who own Walmart stock – many who buy it through our Associate Stock Purchase benefit program. I joined that program my very first day in 1993. Sam Walton once called it “the single best thing we ever did.”
Our associates act like owners every day, and we’re delighted at how many truly ARE owners of the company because they own stock. And we’re so excited to think of what’s ahead for all of us as we keep serving more customers and growing our company.