Mike Duke presented at the Barclay’s conference Tuesday, and, as we predicted in last week’s WNN, he did not speak about first-quarter sales, which the company will report on May 17. Instead Duke focused on such broad goals as growth, leverage, but offered little detail on how the company plans to achieve them.
According to Duke, a main priority for Walmart is growth, particularly at its U.S. stores. This is not surprising since the company has been reporting negative comps for its Walmart U.S. business for the past few quarters. In order to achieve positive comps, Duke said, stores need to offer the right assortment.