Walmart Inc. (WMT) Presents at UBS Global Technology and AI Conference 2025 Transcript

Michael Lasser
UBS Investment Bank, Research Division

Good afternoon, everybody. I am Michael Lasser. I’m the hardline broadline and food retail analyst at UBS. We could not be more excited to have the team from Walmart with us today. Obviously, Walmart is at the center of a lot of the themes that are being talked about throughout this incredible event over the last couple of days. And there’s really probably not a better person that we could have at this event to talk about some of the key themes who is Seth Dallaire. Seth has a really incredible resume having spent time at Amazon leading their worldwide advertising effort and then was a very senior executive at Instacart and now is the Executive Vice President and Chief Growth Officer at Walmart, where his remit really — those are broad shoulders because his remit is to help transform this business to a state-of-the-art organization that’s drawing not only a traditional P&L, but a second P&L of things like retail media, data monetization, membership, all of which falls under Seth’s purview.

So we are super excited to have him. And not only that, but Seth has experience in the technology space and the retail space. There’s no better way to illustrate that than getting to see Seth now talk about our retail experience and seeing him talk about when people go into the store and recognize the workers at a Walmart supercenter, he probably didn’t realize that 5 years ago before he came to Walmart. I’d be remiss if I failed to mention, we also