Walmart Holds Annual Shareholders’ Meeting as New CEO Takes Office
Walmart announced at its annual shareholders’ meeting that John Furner has formally become CEO. Company results showed strong global e-commerce growth of 24% and total revenue exceeding $713 billion. Walmart said it will continue increasing investment in AI to reinforce its global omnichannel retail position.
What are the key facts?
- 1Fiscal 2026 revenue: $713.16 billion
- 2E-commerce growth: Global e-commerce up 24%
- 3New CEO: John Furner
What happened?
At its annual shareholders’ meeting on June 4, Walmart confirmed the management transition, with John Furner formally taking over as CEO. The company reported fiscal 2026 revenue of $713.16 billion, up 4.7% year over year, while global e-commerce revenue grew 24% to more than $150 billion. Walmart emphasized that it will continue using AI to improve operational efficiency.
What does this mean for cross-border sellers?
Walmart’s strong e-commerce growth creates more opportunities for third-party sellers. Sellers should monitor its omnichannel retail strategy and AI-driven marketing tools.