adminWalmart Inc. (WMT) Q3 2026 Earnings Call November 20, 2025 8:00 AM EST
Company Participants
Stephanie Wissink – Senior Vice President of Investor Relations
Doug McMillon – President, CEO & Director
John Furner – Executive VP, CEO & President of Walmart US and Director
John Rainey – Executive VP & CFO
Kathryn McLay – Executive VP, President & CEO of Walmart International
Christopher Nicholas – Executive VP, President & CEO of Sam’s Club U.S.
Conference Call Participants
Simeon Gutman – Morgan Stanley, Research Division
Gregory Melich – Evercore ISI Institutional Equities, Research Division
Katharine McShane – Goldman Sachs Group, Inc., Research Division
Seth Sigman – Barclays Bank PLC, Research Division
Kelly Bania – BMO Capital Markets Equity Research
Michael Lasser – UBS Investment Bank, Research Division
Christopher Horvers – JPMorgan Chase & Co, Research Division
Robert Ohmes – BofA Securities, Research Division
Paul Lejuez – Citigroup Inc., Research Division
Rupesh Parikh – Oppenheimer & Co. Inc., Research Division
Charles Grom – Gordon Haskett Research Advisors
Presentation
Operator
Greetings. Welcome to Walmart’s Third Quarter Fiscal Year 2026 Earnings Call. [Operator Instructions] Please note, this conference is being recorded.
I’ll now turn the conference over to Steph Wissink, Senior Vice President, Investor Relations. Thank you, Steph. You may begin.
Stephanie Wissink
Senior Vice President of Investor Relations
Welcome, everyone. Thank you for your interest in Walmart. Joining me today from our home office in Bentonville are Walmart’s CEO, Doug McMillon; and CFO, John David Rainey. Doug will begin with remarks about our upcoming leadership transition. Then we will hear from John Furner, recently named as CEO of Walmart, Inc. beginning February 1, 2026. Doug and John David will then share their views on the third quarter and our business trends. Thereafter, we’ll open the line for your questions. During the question-and-answer portion, we’ll invite segment leaders to join in responding to your questions. John for Walmart U.S., Kath McLay for Walmart International; and Chris Nicholas for Sam’s Club U.S. We will make every effort to answer
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