Walmart Inc. released its 2025 Annual Report and Proxy Statement in preparation for its Annual Shareholders’ Meeting on June 5, 2025. CEO Doug McMillon highlighted a 5.1% revenue increase and an 8.6% rise in operating income, attributing success to Walmart’s people-focused and technology-driven approach. Investments in associate wages, healthcare, and education were emphasized, with over half of U.S. store managers earning bonuses above $100,000 and 1.1 million employees participating in the 401(k) plan. Chairman Greg Penner noted strong eCommerce growth of 20.8% and a 13% dividend increase, marking 52 consecutive years of dividend raises. The Proxy Statement also announced that Tom Horton will step down as lead independent director, with Randall Stephenson nominated to succeed him.
Key Takeaways:
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Walmart’s revenue grew 5.1% to $681 billion, with operating income up 8.6%.
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The company raised its annual dividend by 13%, continuing a 52-year streak.
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Randall Stephenson is nominated to replace Tom Horton as lead independent director.
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