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BENTONVILLE, Ark. - Walmart Inc. (NYSE: WMT), currently valued at $782 billion by market capitalization, announced the approval of several key proposals during its Annual Shareholders’ Meeting, with a significant majority of shares represented. President and CEO Doug McMillon highlighted the company’s robust performance in fiscal year 2025, with revenues reaching $685 billion, and discussed ongoing investments aimed at strengthening Walmart’s return on investment.
The election of the 12 director nominees was affirmed, with each receiving over 95.7% of the votes cast. Notably, Cesar Conde and Robert E. Moritz, Jr. garnered 99.3% and 99.6% of the affirmative votes, respectively. Shareholders also ratified Ernst & Young LLP as Walmart’s Independent Accountants with about 97.8% of the votes in favor.
Additionally, the compensation of Walmart’s named executive officers and the Walmart Inc. Stock Incentive Plan of 2025 were approved with approximately 95.2% and 98.3% of the votes, respectively. According to InvestingPro, Walmart has maintained dividend payments for 53 consecutive years and has raised its dividend for 30 consecutive years, demonstrating strong shareholder returns.
Seven other shareholder proposals, including requests for third-party assessments of company policies, reports on plastic packaging reduction, and a racial equity audit, did not pass, receiving less than 10% of the votes each.
The official voting results will be filed with the Securities and Exchange Commission, as per the company’s statement.
Walmart, a global retailer with a weekly customer base of around 270 million, operates more than 10,750 stores and several e-commerce websites across 19 countries. The company, which reported revenues of $681 billion in fiscal year 2025, employs approximately 2.1 million associates worldwide. InvestingPro analysis shows 19 analysts have revised their earnings upward for the upcoming period, with the company maintaining a GOOD financial health score. Discover 10+ additional exclusive ProTips and comprehensive analysis in the Pro Research Report, available with an InvestingPro subscription.
This report is based on a press release statement from Walmart Inc.
In other recent news, Walmart has reported strong first-quarter results, surpassing earnings expectations and showcasing robust sales across its store banners. The company’s positive performance was particularly notable during the Easter period, contributing to its overall success. Walmart has also reaffirmed its full-year sales and operating income guidance, demonstrating confidence in its strategic positioning despite ongoing tariff concerns. In a significant restructuring move, Walmart plans to eliminate approximately 1,500 jobs to streamline expenses and enhance decision-making processes. This reduction will affect areas such as global technology operations and e-commerce fulfillment in U.S. stores.
Analyst firms Bernstein, KeyBanc Capital Markets, and Raymond James have all maintained positive ratings on Walmart stock. Bernstein reiterated an Outperform rating with a $108 price target, reflecting confidence in Walmart’s international omni-channel strategy. KeyBanc continues to rate Walmart as Overweight with a $105 target, citing the company’s ability to thrive amidst market volatility. Raymond James also reaffirmed an Outperform rating with a $105 target, highlighting Walmart’s resilient performance and profitable e-commerce operations. Walmart’s focus on high-margin revenue streams, including a 50% increase in advertising revenue, further supports its growth trajectory.
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