Walmart CEO Says Company's Enduring Values Will Continue To Drive Its Success Over The Next 50 Years

At the company's annual shareholders meeting, Wal-Mart Stores, Inc. President and CEO Mike Duke took the occasion of the retailer's 50th year in business to highlight five "enduring values" that have long been a core strength for the company and will continue to drive its success: integrity, opportunity, family and community, purpose and responsibility. Duke believes customers around the world will only increasingly expect companies to reflect these values in the years ahead. "You can't build a company of our size, over a 50-year time period, during so much change in the world, on a weak foundation," said Duke. "It requires bedrock that runs deep, building blocks that stay strong, and mortar that binds it all together. The values that built Walmart, defined Walmart and sustained Walmart for the past 50 years will drive our success and make us proud for the next 50 years." The CEO also praised the recent performance of its business segments and the company's progress in building the Next Generation Walmart. Duke applauded Walmart U.S. stores' sales comps, Walmart International's profit growth and continued sales momentum at Sam's Club. He also highlighted progress made with the productivity loop, in Global eCommerce and recruiting and retaining talent. Duke added: "I've said this before, and I'll say it again, Walmart is the best-positioned global retailer in the world today."