Summary by Moomoo AI
Walmart Inc. has announced a definitive proxy statement, indicating strong business performance and strategic initiatives aimed at enhancing shareholder value. The company reported a 6.1 percent growth in net sales and an even faster growth in operating income. Over $35 billion in operating cash flow was generated, with improved returns and a 9 percent dividend increase for the current fiscal year, marking the largest rise in over a decade. Walmart's commitment to a people-led, tech-powered omni-channel retail strategy has been underscored by significant investments in associate wages, benefits, and technology. The company's Board of Directors has also proposed a 3-for-1 stock split to make stock ownership more accessible to associates. The virtual shareholders' meeting is scheduled for June...Show More