Q3 2021 Walmart Inc Earnings Call

[music].

Operator assistance during the conference. Please press Star Zero from your telephone keypad as a reminder, this conference is being recorded.

Now I'll turn the conference over to your host Dan Binder with Investor Relations.

Thank you Rob.

Good morning, and welcome to Walmart <unk> third quarter fiscal 2021 earnings call.

Im joined by several members of our executive team, including Doug Mcmillon, Walmart, President and CEO, Brett Biggs Executive Vice President and Chief Financial Officer, John Furner, President and CEO of Walmart, U.S., and Judith Mckenna, President and CEO of Walmart International.

In a few moments, Doug and Brett will provide you an update on the business and discuss third quarter results that will be followed by our question and answer session.

Before I turn the call over to Doug Let me remind you that today's call is being recorded and will include forward looking statements. These.

These statements are subject to risks and uncertainties that could cause actual results to differ materially from these statements.

These risks and uncertainties include but are not limited to the factors identified in our filings with the SEC as well as risks and uncertainties, resulting from the ongoing COVID-19 pandemic. Please review our press release and accompanying slide presentation for a cautionary statement regarding forward looking statements as well as our entire safe Harbor statement and non-GAAP reconciliations on our way.

Website at stock Dot Walmart Dot com.

In addition, we have posted our fiscal year 2022 earnings release dates on our IR website stock Dot Walmart Dot com. It is now my pleasure to turn the call over to Doug Mcmillon. Thanks, Dan. Good morning, everyone. We're happy to visit with you about another strong quarter.

The challenging moment in history continues we've seen the best in our Associates Inc.

Keep showing up in stepping up their.

They're adapting and becoming what we must become to thrive in the next generation to retail.

Our leaders are learning and applying new skills at a new pace.

We are grateful for and proud of how they're bringing our purpose and values to life.

The outbreak of COVID-19, the retail world click to fast forward and our ability to adapt quickly has been crucial chain.

Changes in customer behavior have accelerated the shift to ecommerce and digital.

We're well positioned to catch it right. These waves given our previous work and investments are.

Our E Commerce, and omni channel penetration continue to rise accelerating trends by two to three years in some cases working.

We're convinced that most of the behavior change will persist beyond the pandemic and that our combination of strong stores in emerging digital capabilities will be winning formula.

Customers will want to be served in a variety of ways and we're positioned to save them money provide a variety of product choices, they're looking for and deliver the experience David shoes in a moment.

Now, let me cover some quarterly highlights.

Despite an unusual and softer back to school season, and less benefit from government stimulus spending versus the first half of the year revenue for the third quarter increased 6.1% in constant currency and adjusted EPS for the quarter was $1.34 cents, an increase of 15.5% versus last year.

Walmart U.S. had another strong quarter comp sales increased 6.4% and we significantly reduced operating losses in E Commerce cuts.

Consistent with the second quarter, we saw customers consolidate shopping trips with larger baskets and fewer transactions comp sales accelerated from the beginning of the quarter helped by food consumables and health and wellness.

Ecommerce grew 79%.

Growth was strong and pickup and delivery as well as direct to home with the highest growth coming from marketplace. We also launched Walmart plus and we're excited to have that important piece of the puzzle in place we launched it with an initial set of benefits that we know are important to our customers over.

Over time, we will evaluate the program against our broader set of assets with the aim of improving the value proposition and deepening our relationship with customers, including earning a greater share of wallet.

Our merchant and replenishment teams are working hard to ensure we have products available for our customers in stock levels have improved from Q2, but we are still below where we want to be.

The team is being flexible when it comes to meeting demand for example, weve turned on nearly 2500 stores to fulfill online orders. We can quickly flex. This number as the holiday season progresses to help relieve pressure on our E commerce fulfillment centers if necessary.

This holiday season will obviously be unique while many family gatherings, maybe smaller we do believe families want to decorate celebrate and enjoy food and gifts. They want a sense of normalcy and our traditions help bring some joined comfort to this difficult year.

With the importance of social distancing in mind, we planned several holiday shopping events. This year. So customers can enjoy special items in pricing over a longer period of time and shop in a way that's best for them.

At Sam's club strong comp sales of 15.3% minus fueling tobacco included a good balance of increased ticket and transactions great.

Great items drive the club business and our merchandising offer is compelling.

Our strength in fresh food and the uniqueness of members Mark continued to make it special to be a member members.

Membership income is vital for Sams and we're encouraged by our performance.

New member sign ups were strong overall renewal rates increased nicely and renewal rates for plus members increased more than 350 basis points.

Consistent with the growing popularity of a contact list shopping experience scanning go penetration is up more than 600 basis points and curbside delivery has been well received by members and is growing well above our overall comp sales.

Outside the U.S., we had another solid quarter performance wise, and we announced additional portfolio actions to increase our focus on priority markets.

Overall net sales increased 5% in constant currency and comp sales were positive in eight of 10 markets in.

In India, Flipkart and phone pay had strong results for the quarter. The number of monthly active customers for these platforms is at an all time high.

At Walmex, we continue to see good results as comp sales once again outpaced. The overall market ecommerce is also accelerating with growth of more than 200% for the second consecutive quarter.

Customers are increasingly looking for omni channel solutions, and we're providing it for them.

In Mexico, we completed the rollout of same day delivery to all Sams club locations and in Central America, We opened our first store with Omnichannel capabilities.

In Canada, we saw broad based strength across categories, especially in food and consumables.

We see strong growth in E commerce in this market to with sales growth of 177%.

We're focused on providing more digital solutions for customers to make shopping easier.

With a national rollout mobile checking customers can now use their phone to check in with picking up their online grocery order.

We continue a series of actions to increase our focus on priority markets. We recently announced the sale of our businesses in the UK, Argentina and Japan. These.

These teams have been an important part of Walmart and we'll miss them.

We'll continue to innovate and grow under the new ownership structures positioning them for future success.

We're committed to our stated priorities and you can see it with these actions along with others in the U.S., including jet in food we.

We know where to invest and we will be aggressive where we should be while taking action in other areas.

Before closing I'd like to touch on a few additional points. The recent rising cobot cases throughout the country reminds us we must remain vigilant as we've done since the beginning of the outbreak will continue being disciplined about the safety protocols throughout our stores clubs distribution and fulfillment centers.

We're reinforcing our messaging to customers members and associates regarding wearing face coverings, social distancing and other safety measures.

While the health and safety of our customers members and associates as our first priority. We realize the increasing cases will put more pressure on small businesses that have been heavily impacted by the pandemic.

As various governments around the country tighten up to help keep people healthy it will be imperative that elected officials in Washington work together to deliver the help so many small businesses need to get through this next phase of the pandemic.

Leading on social and environmental issues has become part of our core business for over 15 years now and so despite COVID-19 that work has naturally continued.

Steve work is part of who we are.

Across the company, creating economic opportunity for associates through jobs in advancement is something we're proud of we.

We were pleased to adjust our stores structure increased wages for around 165000 associates in Walmart U.S. and more than 20000 received increases in Sam's club you as.

We're also pleased to have hired over half a million new associates. During the course of this year globally as so many of them need work.

A few of the recent examples include the work we're doing to increase racial equity and address climate change.

We created shared value networks made up of Walmart associates, who are looking at ways. We can make a difference in education financial health care and criminal Justice systems.

They're finding natural overlaps between our core business and opportunities to advance racial equity.

For example, we launched a new race and inclusion curriculum and we've seen hundreds of thousands of associates access it since August.

We also have a new requirement for us based officers to complete racial equity training.

And to drive further transparency on the progress, we're making we launched a first ever midyear diversity report.

As for our environment, we've set a goal of becoming a regenerative company, we want to do more than slow down the damage to our planet, we want to reverse that process and actually add back and strength in nature.

We're working to restore renew and replenish our planet and we encourage others, including our suppliers to do the same way.

We've set a date of 2040 to target zero emissions without relying on carbon offsets and our own operations in fleet.

This builds on our leadership is being the first retailer with a science based target for emissions reduction.

Please take a few minutes to learn more about what we're doing by referencing our SG report on our corporate website and accessing the virtual milestone meeting we recently hosted but you'll also find there.

Last I want to wrap up by saying congratulations to president elect Biden.

We look forward to working with the administration in both houses of Congress to move the country forward and solve issues on behalf of our associates customers and other stakeholders.

We thank you all for your interest in our company.

Happy holidays.

Thanks, Doug and good morning, everyone. Our third quarter results were strong and highlight the continued progress in our omni channel strategy. We continue delivering solid results while positioning the business to win long term. We also continue to allocate capital towards the most compelling long term opportunities demonstrated by continued investments in supply chain.

And E Commerce technology and store innovation, while reshaping our global market portfolio.

Despite the challenges of this unique time associates around the world continue to do an outstanding job responding to the customers need for greater shopping flexibility by accelerating omni initiatives.

We're creating and launching new products and services, such as Walmart plus helping us develop deeper relationships with customers. In fact, we've doubled the number of U.S. store associates supporting digital and omni initiatives. This year. We believe we have the customer focused strategy to win long term.

Now lets discuss Q3 results.

Total constant currency revenue growth was strong up 6.1% to more than $135 billion Walmart us comp sales increased more than 6% International net sales grew 5% in constant currency and Sam's club grew comp sales more than 15%, excluding fuel and tobacco.

The health crisis continue to shape shopping behaviors with trip consolidation larger baskets and growing ecommerce penetration.

Gross profit margin was strong in each segment and increased 50 basis points in total aided by strategic sourcing initiatives and fewer markdowns, while ecommerce margins also improved.

See in a leverage of 18 basis points in Q3 was aided by lapping last year's noncash impairment charge of approximately $300 million or 23 basis points, but was negatively impacted by nearly $600 million or 44 basis points of covert related costs.

We continue to see operating efficiency improvements around the company.

Adjusted operating income on a constant currency basis was up more than 16% and adjusted EPS of 134 was a 15.5% increase versus last year's Q3 adjusted EPS.

GAAP EPS was $1.80, which includes an unrealized gain on our investment in JD dotcom, partially offset by 34 cent loss on the sale of Argentina, due primarily to foreign currency losses.

Operating cash flows year to date has been exceptional and was up approximately $8.3 billion versus last year to nearly $23 billion free cash flow was $9.7 billion higher due to increased sales continued operating discipline and lower capex some of which is timing.

Inventory increased about 60 basis points in Q3, due primarily to timing of holiday events.

We resumed share repurchases in Q3 with more than $450 million repurchase during the quarter.

Now, let's discuss the quarterly results for each operating segment.

Walmart U.S had another strong quarter with comp sales, excluding fuel up 6.4% and ecommerce sales growth of 79%.

Ecommerce sales were strong in all channels throughout the quarter while.

Walmart Dot com traffic has been robust with solid increases and repeat rates and good momentum in marketplace sales, which grew at triple digits.

As we noted when we announced Q2 earnings third quarter sales started out a bit softer, particularly in the U.S. due to a delayed back to school season.

However, sales picked up in September and the momentum continued through October.

Consistent with prior quarters, we saw continued strength in home electronics, the sporting goods.

We're pleased with market share gains in several general merchandise categories. According to NPD.

Hershey sales also strengthened throughout the quarter led by strong comp sales and food categories helped by expanded store hours, improving in stocks and strong price positioning.

We continued to see trip consolidation is significantly larger baskets in Q3, resulting in average ticket increase of about 24% and a transaction decrease of about 14% customer.

Customer transactions began to improve after we expanded store hours and we expect this trend to continue as we further extended store hours this month.

Gross profit rate was strong up 33 basis points, due primarily to strategic sourcing initiatives and fewer markdowns.

We continue to make progress on E commerce margin rates as they drive faster growth of marketplace sales and improved product mix.

Also the phase reopening of the Autocare centers envision centers. During Q3 has alleviated some of the negative margin pressure experienced during the first half the carryover of last year's price investment continued to negatively affect margin rate.

Incremental cobot related costs are more than $430 million negatively affected expense leverage by about 50 basis points. As a result, the U.S segment Deleveraged nine basis points.

Operating income was up 9.9% for the quarter, including a continued reduction in ecommerce losses inventory.

Inventory increased 5.5%, primarily reflecting the timing of holiday merchandise flow and the continued recovery of in stock levels from earlier in the year.

We're making good progress to get certain categories to higher in stock levels and overall, we feel good about our position for the fourth quarter.

While it's still early in the quarter with Big sales days in front of US we expect it to be a good holiday season.

International delivered strong Q3 results with net sales up 5% in constant currency, including 56% ecommerce growth.

Currency fluctuations were a headwind to sales of approximately $1.1 billion ecommerce penetration continues to accelerate and grew nearly 500 basis points this quarter.

Eight of 10 markets posted positive comps with sales in Canada, and Mexico, particularly strong, including triple digit ecommerce growth in both markets.

Flipkart continues to perform well and recently completed its best ever Big billion day sales event in October.

Our third quarter GMB continued to reflect strong demand post cobot lockdowns with significant growth in monthly active customers.

Canada comps increased more than 7% with broad based strength, both in stores and online and China saw continued strength with double digit comp growth and sams clubs and ecommerce growth of over 60%. Despite some softness in hypermarkets.

Comp sales in Mexico grew more than 5% is the Omnichannel strategy continues to accelerate.

International adjusted operating income was strong aided by government stimulus in various markets flip carts improved margin mix as well as cost savings initiatives in Mexico. The quarter included incremental cobot related cost of approximately $65 million opt.

Operating income increased 70% on a reported basis and about 22% on adjusted constant currency basis, excluding the benefit from lapping last year's impairment charge.

Sams club had another terrific quarter with comp sales growth of 15.3%, excluding fuel and tobacco with contributions from both increased transactions and average ticket strength was broad based across categories with food and consumables, leading the way E.

E Commerce sales grew 41% with strong demand for direct to home delivery and increased club pickup.

We're pleased with the strong membership trends as sands as membership income grew 10.4% in Q3, the best quarterly performance in five years.

This reflects higher renewal rates robust new member sign ups and rising plus penetration.

Strong sales and gross margins more than offset the approximate $80 million of additional cobra related costs, resulting in an operating income increase of nearly 32%.

Consistent with prior quarters, we aren't providing F Y 21 financial guidance due to continued uncertainty around the key external variables related to the health crisis and their potential impact on our business and the global economy.

The health crisis continues to create both tailwinds and headwinds for our business in Q3, we saw strong sales aided by some stock of buying and continued stimulus spending, albeit to a lesser extent than the first half of the year Q.

Q4, we'll feel different from past years as customer shop differently and shopping events are spread out.

Commerce and omni channel penetration continue to accelerate and we are in a good position to serve customers. This holiday season.

We expect cobot related cost to continue for some time, along with some general global uncertainties in.

In addition currency headwinds remain elevated if rates stay where they are today, the topline impact would be around $1 billion in the fourth quarter.

Despite the unique challenges this year walmarts financial position remains rock solid and our strong performance reinforces the advantages of our omni strategy.

We will leverage our scale unique assets and financial strength to continue positioning the company for growth in the U.S. and in key markets around the world I remain very optimistic about what this company can do in the future.

As always thank you for your interest in Walmart and we'd be happy to take your questions.

Thank you Simon will be conducting a question and answer session. If you'd like to ask a question today. Please press star one from your telephone keypad and the confirmation tone to indicate your line is in the question queue you may.

We first started to accumulate you lose your questions from the queue.

This is Steve speaker equipment, maybe necessary to pick up your handset before pressing the star key due.

Due to a number of analysts joining us today, we ask you. Please ask one question.

Our first question is from the line of Michael Lasser with EUV, Yes.

Hi, good morning, Thanks, a lot for taking my question.

The Walmart spreads grocery comps have been strong but increased the rate is the conventional grocers have been reporting. So we look toward next year when the grocery category retreat Steve.

The shift back to food away from home should the Walmart, who adds grocery business slowed a little less than others because it didn't rise as much. This year and also if you could give us some sense, okay. So Walmart scripts.

Commerce gross margin.

That inflection point, where it consisting of goods January increases year over year because of mix third party contribution any impact of Walmart plus subscribers. Thank you very much and have a good holiday season.

Hey, good morning, Michael its John foreigners.

Segment, let me take the question on on Foodservice.

In the in the quarter. We were we were happy with the results are Julie Thompson total or just.

In call it the mid to high single digit range and we did see last year improvements from the second quarter.

In the second quarter, our comps would have been influenced by shorter store hours. We were open only delayed during the evening. We've recently expanded to 10 PM and in some locations, where we felt it was same thing moved hours to 11 P.M. at night and those have had improvements are we seeing a trend improvement on our on our gain share in total over the.

The two quarters.

Looking at the business in general our in stock position is much better and the third quarter was much better in the third quarter that was in the second and then generally speaking our price position has remained very strong in Q2, and Q3, which is which is in a better position than it was in the first quarter of the year. So we are we're play.

Yes, with the improvements and share trends from the third in the third quarter from the second quarter.

And then the last thing I'd say is that.

Team has just done a very nice job with the online pickup business. We've we've doubled the number of people that are working in that business.

About 130 to 140000, which is a two X what it was a year ago.

So overall the the improvements in foods shared food share has has been as unpleasant from the third quarter to the second half.

Your second question was on E Commerce margins, specifically and Michael those those results are reflection of mostly mix as we described our home business has been solid online our apparel business has led and then the overall winner in the Commerce business was our marketplace business.

Let the marketplace or the E comm comps in total to 79% for the quarter.

Our next question is from the line of Kelly Bania CMO capital.

Hi, good morning, Thanks for taking my questions.

I also just wanted to ask about the David the reduced E commerce losses, and curious about just how Walmart plus could maybe change the trajectory of that at all I know, it's still early days, but just curious on how to think about that longer term and then also just in terms of.

Capacity for E Commerce.

Is it possible that stores could become a permanent area of capacity in fulfilling online orders or given the significant growth. This year and is there any need to expand fulfillment center capacity.

I'll start Kelly this is Doug and then John can jump in I think as it relates to Walmart plus and losses were putting together an ecosystem. These parts are connected and I do think Walmart plus can be helpful. In a lot of ways over time.

Information that will add about customers the ability to personalize I think we'll be able to serve them better and both sides. The stores any commerce will come to life in a way that that helps make Walmart plus even stronger, but I wouldn't underestimate the significance of the other components as it relates to ecommerce losses in ecommerce growth.

Kind of basic blocking and tackling getting that contribution profit to a healthy level things like mix that John just mentioned a minute ago apparel and home mix in particular.

The ability to leverage costs to take efficiently, obviously getting things into one box as much as possible getting shipping efficiencies all those kinds of things you're going to generate a sustainable business as it relates to ecommerce as a channel over time, we will keep an eye on E commerce as a business of course, but also remember we've got all these other.

The levers whether its an omni channel business, we got a lot of variables on the store side. So when we think of how we blend the combination of revenues expenses and profitability together, we think of it in a in a holistic fashion. It is great to see how stores have been playing a role as fulfillment.

Hi, Kelly and at a certain point this year in the second quarter, we had a 2500 stores working as fulfillment centers to handle demand and then in the last few months, we have been able to open more fulfillment center capacity.

Including stacking up to be able to take orders and ship from store. So.

So I think the important note. There is Walmart has so many assets that can be use to take care of customers in any way they want to shop, whether that shop in store pickup at the store or have orders delivered.

Thanks question small line of Paul Trussell with Deutsche Bank. Please state your question.

Good morning, and very solid quarter.

You spoke confidently about the holiday season likely to be a healthy and strong one maybe just elaborate on your views on for Q, maybe what you've seen to date and anything that we should keep in mind from a modeling standpoint, and then separate.

Whitley.

Would be really interested in you speaking to the specific transactions that have taken place.

In Walmart International and just overall, how we should think about the overall strategy and the way you're managing that portfolio. Thank you.

Paul I'll start out this is Doug as it relates to holiday lets keep in mind, we've got multiple markets and a lot of different scenarios, but there are some common trends people are at home or they are eating at home more and they've all been through a difficult year. So just emotionally I don't know what you're thinking but in my family while will be a smaller.

Group, we are really looking forward to Thanksgiving and Christmas and new years, and some sense of of Joy in normalcy and I think we'll see that play out as it relates to consumption patterns in the U.S. and beyond John If you want to add some things for the U.S. and then we've got Judith on today, we'll go to our for the international portfolio response sure. Thanks, Doug Good morning, Paula we.

We plan for a good holiday season, as Doug said, John we are planning for what we would describe as the new normal for customers. This holiday, which will include staying at home being in smaller groups.

I think Toby.

Of course, Morris celebrations distributor smaller all around the country.

Our events, which last year would have been more of a singular event. We have several events that are planned a few that are behind us and more to come we plan. These events to be omni led.

So they they gave customers the option of being able to buy online and pick up in store buy online ship or ship or shop in the stores and we made it.

Very flexible so customers can do what is best for them Weve called this deals for days. Please.

We've had three events online already we've had two events in the stores and then we will have more as the season goes on and we're looking forward to the next seven days of being ready for customers to shop are there for the Thanksgiving meal.

But overall we are.

We feel good about our plan for the fourth quarter, we feel good about our in stock at our inventory position in general merchandise and then I'll turn it over to John just talked about international International transactions.

Hi, Paul.

Clearly adoption in the last six weeks announced out that Argentina, and Japan completely in line at this time.

Gee that waste that's how you are in the area strong local businesses tablet by Walmart and our ability to be successful and the early it just says that we have applied that public companies that we thought minority ownership all that John you said around the world All three of those we think today so no it's not.

Let me now changed it we divested sledge 13 at the UK as Japan, we were tightening a stake in those businesses as we help them continue on that transformation, Jamie as well we're going to continue.

Okay occupy lot piracy markets, Claire, India, China, let Steve.

Out of Canada actually as we market that we have played a role in that portfolio in some way and I think that's.

Andy It's a rainy. Good example of that it's John so right.

Rain a lot we can bring together people not only digital transformation for Japan lowest Paula like how much will not continue to lead in that relationship as well as we continue.

In short, we can elect national basis in respect to providing flow. So say isn't there leading you type of model that will create Jamie So international we said to be clear enough priorities lasting fleet showing that we have done that but at the same.

I'm still waiting I say, so all of the good things about Dana globally talent, not least equate sharing okay and innovation and challenges around the world.

Our next question is from the line of Karen short with Barclays.

Hi, Thanks very much.

A couple of questions just related to your us comp.

I'm wondering if you could give a little bit more color on what the impact would have been on your comp in this quarter, but I mean, probably applies to twoq as well.

The actual reduction in hours and then you did mention that you extended the hours by another hour I guess in some stores any thoughts on going back to 24 hours and then the second question I had was with respect to Walmart plus.

Would you be willing to provide a little color in terms of what the average ticket is on those transactions because I think there's some view that.

It could be very dilutive. This the ticket is slower than you would have hoped for.

Thank you and good morning, It's John Turner.

Let me take the first question on hours first.

Let me first say that I am really appreciative of the work that our associates have done this entire year. They have stepped up as Doug said earlier and serve their customers to serve their communities and taking care of each other and I want to start with that because it's just important to reiterate that our first priority all year long has been to do.

Whatever we can to protect associated safety customer safety and serve our communities in southern reduction in hours.

And the in the first one in the second quarter were primarily to ensure that associates were able to cover the stores as needed. He also has changed our leave of absence policy, which enabled cut associates to take up anytime they need and if they werent filling where they needed to stay at home.

The hours did change in in Q3, so there during that three so I wouldn't be able to give you a number that would say how much it affected.

The results, but we do know that the share losses in Q2 subsided improved in Q3. So we believe that this definitely has a part of it.

We don't have any anyway.

Any guidance yet on whether we'll go back to 24 hours or what point at this point I will.

We'll operate seven to 10 or seven to 11, depending on what the stores able to handle in terms of staffing and whatever local regulations would allow for.

On the on the plus program as as we said earlier, we're excited about the offer we think it's an important part of the Walmart ecosystem for customers to be able to experience all of the benefits of that Walmart has to offer we want this to be a very friction free experience for the customer.

And whether the customer shopping in the store or scanning go or using our fuel discounts.

You are available at our Walmart gas stations Murphy Murphy Express and now Sam's club and then finally be able to get unlimited delivery on food consumables and general merchandise in the store, we think its a really compelling offer that customers will enjoy being a part of me.

No and benefit from.

The programs new so we don't have a lot to share at this point that we are still learning. We are focused on the best experience, we can possibly deliver for our customers and.

Looking forward to the impact that the program will have.

Be worth repeating the stat, we've shared with you in last few years that when a customer shops us in stores and online they spend about twice as much and they spend more in store those are pre pandemics stats or not updating those at this moment, but it is important to remember once they are engaged in a digital relationship and their shopping us holistically like that.

Value of that customer relationship goes up.

Our next question comes from the line of Peter Benedict with this for Steve is there Chris.

Hi, Good morning, guys. My question is just on on the Walmart health initiatives, just curious kind of the near term and longer term plans, maybe how covance has impacted that I know it was a hot topic earlier this year, but certainly other things have come up so just looking for an update there.

What your what your strategy is thanks, so much.

Hi, good morning, Peter.

We remain excited about the opportunity and health and wellness in general.

Closing Walmart health, we Havent made any changes to our plan. We have opened a few clinics as were most recently spoke and we are excited about the demand that we that we saw in the first six months of year, including last year. Since we opened our first clinic and Dallas, Georgia, We continue to to work on our mix and learn about the types of.

Services that we want to offer customers.

And no change that I wasn't.

Be wanting to make at this point.

Our next question comes from the lender Simeon Gutman with Morgan Stanley.

Hi, everyone. Good morning, So I have two questions. The first one is on market share. The second is just another follow up the plus on market share I think stepping back you're obviously, having a very good year, both top and bottom line, despite the challenging and the challenges and operating.

The the that you are growing above your normalized rates and your dollars are pretty big but if you look across the rest of retail you're starting you know you are seeing robust results and so it suggests you might not be gaining as much share I don't think you're losing.

I think in food, maybe it's partly because the lack of promotions in some channels.

But I want to ask you. If you when you look at your results versus others, how do you explain the difference.

John just mentioned some store hours is it anything about inventory at this point or maybe the customer not having the same wallet share shift and then the question on plus maybe just a follow up for John if you're willing to share how it's performing versus expectations and then any anything on the percentage of new customers coming to your budget to the flat.

Okay.

Okay.

Let me take the share question for Simeon.

And as I said, our share in Q3 that trended improve and total food margin our merchandise share gain in Q3 and also on the second quarter Q.

Q3, then starts slower in general merchandise and picked up as the quarter went along so we were pleased with that.

As far as the average ticket in pricing, we are seeing across the entire box, what we would describe as modest deflation and the little bit of inflation in some categories, but no major change there are price gaps did widen in the second quarter versus what they had been in the first and they remain wide in Q3, so certainly there.

Less promotions around the market.

And I think our unit growth as as as mentioned earlier in the transaction size has benefited.

From those as far as.

The plus business.

We're excited about the results. It's it's really early on and we just launched this in the middle to late latter part of Q3, we don't have anything yet we're still learning. We're excited about the offer we know customers are excited about the offer.

We do serve about 90% of the population within a 10 mile radius and just in the last quarter. We added another 230 stores.

Can you pick up that brings our total to 3700 stores I mean at 2700 stores that are now offering what we describe as as express delivery.

And we have examples even just this week of customers who are getting their groceries from the time of order and delivery and another half hour. So we're really excited about the ability to tap services like that all across the country in big cities and small cities and everything in between.

Our next question comes from the line of Robert Journal with Guggenheim. Please proceed with your question.

Hey, guys John Good morning.

I guess the first quick question I had dug in Brett is it true that you guys take talking this morning before the call started.

Brett was just watching.

[laughter].

But my second question would be.

[music].

John.

Little bit of Thomas.

I think the consumer what trends, you're seeing with the consumer in terms of pantry loading again sort of move to.

Versus convenience and your ability to really manage in stocks in this environment still today. Thanks.

Yes, I'll go first I think Bob as you look at what's happening in the US in particular and Judith you may have comments about outside the US I think the way to think of this is locally it really does have everything to do with what's happening with co. The cases any particular community I was in stores last week.

And I saw a variance from one state to the other one location to the other just depends on how people are feeling that moment.

The action is the same as what we saw before they're just stocking up on paper goods cleaning supplies and dry grocery should they need them and so I think we're going to be able to respond in this instance, better than we did in the first half of the year, Although we're still as a total supply chain still stressed in some places it's disappointing to walks out.

Rationale licensee as many out of stocks as we haven't consumables right now.

Generally, although it's a whole lot better than it was earlier in the year. So I think we'll manage through these curves there'll be localized will respond we got to keep these food and consumable DC is operating.

Our logistics team is doing a fantastic job of doing that.

It feels to me like we'll work through this period of time better than we did in the first wave and Doug I agree.

We do we do see big differences, depending on the communities that you're at I was a little bit on the last couple of weeks and including the last few weekends and it really depends on what's going on in the state and and the city that we're in.

Specific categories, where we have the most strain at the present time would be bad tissue in cleaning supplies of our inventory position on hand, sanitizer amasses very good.

Dry grocery as recovery. Many cases, although there are still parts of the supply chain that are stressed by components that just haven't been available, including things like aluminum cans packaging.

So those things have definitely had an impact but overall.

Please with the improvements that availability, including the fresh meat department on.

The team there is doing a great job of getting things back in stock, we still see some stress in things like Deli Bacon breakfast foods, but in general there as product available just assortment. So thats all that was and then finally I would just complement our pros team that has just done a great job of sourcing produce and maintain quality and fresh levels throughout the.

The entire year. So the teams are really working hard and I'm really thankful grateful for the work that our inventory teams and merchandising teams have done at Walmart in the grocery departments.

And maybe just.

Please go ahead.

Sorry, let me just to comment further on the wells, which is again very deeply by country. So you came solex styles sign up pretty much like back to normal. So that is the only thing to add John index comments he.

Continues to be a trends everywhere that with any which way you benefiting from supply chains around the wells a halt filed but what we're also seeing faster both phase ends and allocate that everything from Christmas trade case law and stuff, so strongly and people, saying, hey, wait buying things to them.

Sales for their homes as they go through that period as well.

Our next question comes from the line of Oliver Chen with Cowen.

Hi, Thank you.

David regarding advertising, we're seeing a lot of really great reads research for your advertising program. What's ahead as this may intersect with Walmart plus targets could impact profitability in your views on longer term share gains I would also love your view on automation.

And Michael fulfillment centers as well as the connected store if you could update us on key thoughts.

In the midst of dependent make and what you're seeing with the consumer and the connected store execution that would be great. Thank you.

Hey, Oliver Thanks for the feedback on the advertising, where we are proud of the team and the work you're doing and there I think you're doing a great job of getting the message out and the benefit of things like time savings and being able to spend more time with your family and other things that are important.

We think as our key components of the Walmart plus offer as for our customers.

Love to order your groceries and have them delivered without worrying about.

Whether you have it delivered a not as part of the program, even say meantime, while in store with scan and go is a nice benefit as well so I think.

It's just part of mix. This is a service that we already offer we've had an delivery business for some time now that's been growing for sometime I'm really happy with the growth of delivery in the second quarter and the third quarter. There has been growth in both quarters and thats exciting to see I think the teams doing a nice job.

Again, how to leverage delivery cost and putting multiple orders in cars. They are building density all across the country.

It's exciting to see I.

I think the second point Jim.

To make is our merchants are really focused on.

The omni customer and so more and more I I hear from our merchants are thinking of their business in terms of a customer strategy rather than a channel strategy. So the lines are blurring between ecommerce and stores and it's all about serving the customer the way they want to be served by that thats letting the customer having the customer.

Welcome to shop in store.

Pickup at the store or that are delivering.

As far as your question on on automation.

Were still excited about.

Programs, we have going on a regional distribution centers and fulfillment centers.

In both cases of we've got a lot of innovation and the team's doing a great job of figuring out how to deliver its stores and the customers.

Orders that are not only a productive at our variable cost per unit has gone down even though last quarter as we mentioned when ecommerce losses, but we're we're doing a nice job of been able to service stores more timely and more accurately.

Okay, and then finally at the local level.

We do continue to have innovations that are starting to.

To really work and we're excited about whats in the future when it comes to things like our alert program Thats pilot in and New Hampshire, and we have other locations planned for that technology and then we're also evaluating other technologies that would help us of course expand our capacity at stores would be able to pick and deliver orders as they come in.

It's been great to see some of the pilots that we've had in terms of automation start to really work well.

I'll be talking to you guys more about that in the future, but automation will be a big part of what we do and it will play a role in helping the store experience to get better as it reduces the amount of work associates have good short level, just moving freight around.

I Hope you can also see over back to your first question that the company is is changing and shaping its business model the way that we make money today and the way will make money in the future will be more multifaceted, whether its marketplace. Your advertising Walmart Walmart fulfillment services and other things to come in the future. We've just got.

Great opportunity this asset in terms of these customer relationships and other physical assets that we add to monetize it in a variety of ways and we're building those capabilities and you can start to see it in our results.

Thank you as a reminder to allow as many as possible to ask a question. We asked please ask one question.

The next question is from the line of Kate Mcshane.

Hi, good morning, Thanks for taking my questions.

Just from a promotional standpoint, I think you noted last quarter that competitors, particularly in grocery we're not promoting its heavily because like the strong demand and wondered if you could comment.

That's what you saw.

Regards to promotions in Q3, and now as we get into holiday for Q4, and just in general how much price investment impacted gross margins in the third quarter.

Thank you Jane I.

Let me take the first question and in terms of the market in Q2, we did note that we saw less promotions around the market and primarily that would've been caused by a number of stock outs that were seeing nationally as a run up in this what we call that the first phase of sucking up at home right. When the band that May began.

In the third quarter and food and consumables on there wasn't much change that we noted from the third quarter to the second so again in the quarter, we definitely saw less promotions as we said earlier, our price gap versus our competition wide ending the second quarter and remain wide in the third quarter.

The difference in late Q3, and then into Q4 would be that different schedules that were seeing all around the country and gardening holiday events and gift buying.

We are excited about the plans that we have and the fourth quarter, but as I said earlier, a number of those events have already happened and we have more planned over the course of the month.

I'm really excited about the offer that our entertainment team or electronics team has put together.

We're excited about the game offers that they have more excited about the items that we havent toys, we've got 1300, new items in toys and 800 items that are unique to Walmart in the joint apartment this year.

We've gotten great feedback from from number of kids and our program that we call Walmart Camp online has also been really successful this year in that game customers an opportunity to do things at home and spend time together, so I think that fourth quarter.

Well, we don't have guidance on it today I think the fourth quarter is definitely plan well I think the the team here at Walmart have done a great job thinking about safety and being able to give customers options. So they can shop to the way that they want to shop and be able to celebrate their holiday the way they want to invite guests or Walmart and I'm excited about the plan the Tms.

The next question is from the line of Ed Yruma with Keybanc capital markets.

Hey, good morning, Thanks for taking the question you guys have made some really good strides in improving that mix and E com and adding more lenders to marketplace. I guess, how would you score where you sit today and how should we think about the incremental opportunity that still remaining thank you.

We're just getting started.

I think that's the end of the question I mean, we have made progress and I'm grateful for the job that Mark and John and the team has done to build a big marketplace business, but we got a lot of upside in front of us and a lot of a lot of things that we can do to improve the customer experience and to drive income to the company.

Our next question comes from the line of Polish way with Citi.

Okay. Thanks, guys John.

How much of the improvement in the international segment gross margin was driven by geographic or country mix versus improvements you're seeing in the specific markets.

Let me talk about whats market question, David Suncors within gross margin rate, what's driving that and just high level. I was just curious how you're thinking about planning for 2021 again Thats what has been very strong there. Thanks.

Let's take the international question first Judith.

Thank you yes.

The increase in and around the wells in gross margin level play our biggest market had an impact.

Well, Matt Inc.

In the UK and kind of all showing improvement stake both Dinesh Jane hedged for thank you.

And particularly in the UK highlights great. But also there is a lot of what we've done by the team and looking at the cost of goods Saevang underlying initiatives and then we've also stated that I called that business said and a shift in case prices as well, which is Randy helped so early.

The wells said Asian affected driven primarily by up okay.

Which is being very pleased today to say.

As it relates to planning, we look forward to the memo that Youll wish you will tend to explain it all that if we were to if we were to think through it you know we're optimistic as I am sure. All of you are about how the back half of next year should start to look a bit more normal we still have a ways to.

Go to get there and we'll manage through it as we have been managing through this year.

We do have momentum in a number of key areas in the way that I think about it is almost regardless of what the market number looks like or what the economic environment looks like we're in control of a lot of our own destiny, we know what customers want and we have capabilities that are adding to those capabilities to be able to serve them. So.

So we're on our front foot were thinking about this offensively and next year there'll be tailwinds and headwinds that we're up against our in stock will be better our ability to service customers to re commerce, including taken delivery from stores will be better.

We will have at least.

You were opened 19 expenses, we hope and hope and pray and so all of those things will navigate as we go through the year, but our mindset going in is is an offensive mindset.

There is we've talked about it before as a breath. There's there's so Doug mentioned earlier. So many levers we can pull as a company just given the all of the business that we do in various parts of the world, but also the types of businesses that we that we have in the us.

Gives us I think more flexibility than some of the some competitors that is finding that balance of we've got a plan John with our merchants, but at the same time, just remaining flexible to to deal with what comes our way, but what Doug I think we control a lot of the.

Michael's question to kick things off a few minutes ago was a really good one.

We we did see customers when we started running out of stocks and the first stage of the stock out period, they ran to local grocers and that's totally understandable.

They also tried to shop close to home and went to small stores more frequently that's also totally understandable and our in stock struggle and so when I think about next year with our in stock being there the price gaps that we have I I feel like we've got a great opportunity next year is as we look at.

What's in front of us.

Thank you. Our next question is from the line assess sigman with credit Suisse.

Thanks, a lot good morning, I wanted to follow up on a couple of those points focused on online grocery I think there was a conventional view a couple of years ago that there was a ceiling as it relates to online penetration or penetration of online grocery when using the store. It would just be limited to a point before it becomes disruptive to the stores.

What are you guys learning about that and if you could also discuss the progress increasing capacity for online grocery I know you held it back in Q1 because of inventory you discussed last quarter, you know a big pickup in the number of slots. So how is that progressing and any other efforts to increase the efficiency.

So that you can support that incremental volume into next year that would be helpful. Thank you.

Hey, guys. This is John Thanks for the question.

Back to your your your first statement online grocery where we've really re framed online grocery this year to just be online pickup and delivery and more and more we're offering more more items in the Super center that are available for pickup.

And the Super Center, which is just a fantastic retail format is also at times of the year operated as a fulfillment center, we had up to 2500 stores that were shipping from how we saw hundreds going into the quarter and the team has done have done a very nice job using all parts of the supply chain to fulfill our ecommerce demand which would be reflected.

In the results that we saw in the quarter of growth to 79%.

As far as picking itself.

Over the course of the year and the team did struggle on the first quarter, obviously with with the number of out of stocks that we had and we pulled.

So capacity backs as we focus on getting the stores back in stock and then as the stores have gotten back in stock and as we said earlier, we've doubled the number of people that are working in our pickup department up to 140000 up so very significant increase over the year before.

We are using machine learning to.

Figure out the best way to put Labour against this law. It's also when to pick the spots and then went to determine what we can feels we've got some nice productivity improvements there on top of our regular pick system, which is basically the slot system. We launched express delivery that's live in 2700 stores and we're.

Really excited about the results in the first first three quarters of the year with express so thats been an exciting and then looking forward on.

Every week now we've got literally millions of slots that are open and available for customers to select from in that we'll keep working on the things that we can do in the short term to gain capacity.

Final thing I'd say is we are excited about what we would call micro fulfillment centers. So these these would be automated solutions. There's a there's a storage and retrieval system live at a store in just a few miles from here that we're optimistic about including.

Others that are planned around the country for the next couple of years, So I think the.

The ability for Walmart to to be a real leader and the online pickup and delivery space is real and I am excited about the opportunities. It has for US the next couple of years.

Thank you our next question's from the line of Chuck Grom with Gordon Haskett.

Okay, great great quarter, guys, sorry for the near term question, but there are some news out there. This morning from Amazon on the free two day delivery on an already so just curious what you think about this development and I think it also remind us what percentage of your sales come from pharmacy.

And I guess bigger picture, how that business has trended recently in any tweaks you can make a move.

Moving forward.

Hey, Chuck.

Just say in general we are very excited about health and wellness at Walmart and health and wellness had a good great quarter last quarter. It was one of our best businesses.

The team have opened a number of clinics and we have have more plans our optimism about the health and wellness space remains high.

Throughout the year Weve.

Been delivering prescriptions via email we've done this for some amount of time and then we've we've expanded the capacity.

In the summer.

So we've got really broad coverage on the ability to deliver prescriptions around the country and then also during the pandemic in all stores all Super centers that don't have a drive through we also launched curbside pickup so that customers who needed prescription could pick up their prescription outside the pharmacy and then we've got 4000 stores now.

30 states that have no contact delivery options. So.

The team has done a nice job innovating in serving the customer and we just opened another central Bill pharmacy here in Rogers, Arkansas.

That services home and stores. So we're we're pretty optimistic about the ability for the pharmacy team to continue to innovate and grow as the customer needs over the next couple of years Sam's club that has been going through a similar innovation cycle during the pandemic, adding curbside learning how to do delivery things of all accelerated air So kind of back to Peter's question earlier.

Sure we're building out an omnichannel health and wellness business and it'll included the big pharmacy business that we have now vision hearing otcs to things that happen in store and online and an increasingly services as you can see through our additional clinics. So I think omnichannel and health and wellness will matter every bit as much as it does in the rest of retail.

Yes.

When we wrap it up there. So so just as we wrap it up here. Thank you for your questions really appreciate your interest in the company. We're optimistic about the fourth quarter love the physician at rents that were in and just grateful to our associates for a strong Q3 and a strong year. Thank you all.

Thank you. This concludes today's conference you may disconnect your lines at this time and we thank you for your participation.

Yes.

Walmart this year, we may Black Friday.

Even easier for days November 4th 711, 14 that.

27, with more David Amazing deals and more easy way to shop online in November 11, 2007 PM Eastern time online only.

Neil both online and so on November 714 27.

Your time online mobile so are they going to happen more more days and Morris.

Walmart.

[music].

Two weeks ago building those stores.

Oh.

Hey, I'm Boone you May remember me Michael Master.

I'm, hoping on April and today I am going to for all of this.

Instead this the Lego Star Wars Star final stool that top rated by kids is one of the best New toys of the year and showcases one of the most time seeing from return of the July well Mark is that you wouldnt that hologram, even projecting from I don't worry about that very complex technology, we don't have time to get it.

That now you have to go build this debt real let's go.

[music].

That is so much fun because it literally has every moment of this iconic seen from the Star Wars universe. It all starts when the doors wide open beta in loop entered the throne room.

The thing I love about this that is it has the emperor's rone I. Just think this is one of the coolest pieces of furniture in the galaxy.

[music].

Welcome Young skywalk.

Got it leave us.

No.

Yes.

Like Steve.

Okay.

Yes.

Thanks.

Look the biggest lever Luke.

Conveyed are down the stairs.

How I had heard this launch we will send Luke.

Catwalk.

You asked about the power of the dark side.

Yes.

With the Lego Star Wars Star final dual that you can recreate these iconic moments from return of the debt.

[music].

The Lego Star Wars Star final dual Inc.

That would be a little at Walmart Taffy building.

[music].

Your neighbors became family.

New flavor.

Good day.

Ammo prices from Walmart.

Okay.

[music].

Okay.

This year has been unlike anything we've experienced before in our holiday shopping events are going to be different than what you've seen in the past and we are excited about this year's black Friday deals for day first and foremost protecting the health and safety of our customers and associates, It's our number one focus.

Is driving the changes that you will see when shopping our events. This year, we will continue to have our safety measures in place, including mask requirement for our associates and customers enhance cleaning, including sanitizing, our cart after customer yes.

I said barriers at our checkout registers and social distancing details on our floors.

We'll likely remember that last year, we hosted a single answer that this year, we are spreading those savings over three separate events, which include both in store and online option.

For example, we have shifted many of our most sought after items like TV to online ordering customers can choose to pick up based on line item, especially curbside locations at the store or have them delivered to their home you will notice changes this year and are interested in the past customers would line up for specific items inside the store with our.

Stores closed overnight, we have a new process. This year our stores will open at five am on those special savings today. So as you approach. The bright doors you may notice that customers are waiting outside in a single straight line well have associates outside to give customers a clean shopping cart as they line up this will help create more space between customers.

Hey wait to enter the stores. In addition, we will have held ambassadors to greet our customers and remind them about our mask requirement we are.

Limiting stores capacity and metering customers. During these events to help further promote sofa. This is Greg.

How you saw the store is different this year instead of multiple Freesat Q line. After entering this or you will be directed towards the main aisle to stop our gale.

<unk> allows us to keep the whole store open rather than closing certain departments as we have in the past and providing customers more area to spread out most merchandise available. During these events are considered grabbing go well.

It is a sign for example, toys spikes in small kitchen appliances. So you can grab one and keep moving.

Let's see signs and associates at the entrance and around the main aisle to help customers moving down the right side of the aisle think about it like driving a car where everyone is on the right hand side of the road, regardless of which direction. They are made and we.

No it was high customers longer to shop. Some items for example, looking for a specific maybe in the building is there certain sizes in apparel, so SAP Wright those items into a different area.

John their customers can.

The main grab and go files.

So before or head to the frightening check out.

Check out is also different this year at the front end you will see that we have no queue lines or restricted areas. It means more open space an easier path to finish your shopping threat.

Our associates, a little guidance open registers.

Getting checked out and then directing to the nearest exit and don't forget Walmart pay can help me with contact with checkout.

We're excited about all the great items at low prices that we have this year and look forward to seeing you in its stores and online this holiday season.

[music].

Hello, everybody. This is Erik Carlin your Walmart shift what do we have a day, we have a Halloween Hershey tree for you what are we making me the call Hershey's Halloween Krispie treats this is how you make.

First of all everyone. This recipe is so so simple it's easy I show you how to make it actually to tell you how to make it thats how easy. It is we're going to take some water we're going to take the rice, Chris and we're going to take meaning marshmallows, and we're going to do with milk butter Tao.

Well the butter and then add in the marshmallows mix all that in together now some of the creativity piece of it I did it add some food coloring to the first recipe John.

Added basic Orange jail added it to the melted Mark Smith and the border and then blend it all together and then core end the rice, Chris Best of both basic simple recipe in making this thing making this this so the good creative let's go a step further now for the second version of this recipe I added green food coloring and all.

Well, some chop bicuar chopped up some reese's peanut butter cup to add into the mix there while a melting everything and then what it credit was a nice looking ghoul over three that's what I call goal is still to get these following it could you. Please cut out basically just suit cookie cutters. It's simple is fast again once you lay it out in your non.

By 13 Pan you.

Place your cookie cutter right above it and I like the ones with the big edge around aside because again when you press down on it doesn't hurt the hand as much but other Matt you just press it down.

And again.

It's that simple.

There is your treat now don't worry about the waste just because the kids are going to need it. They are going it is still it takes the tree. So nothing in this recipe ever goes away and that's really how you create these beautiful nice little cut out.

I would go with a bat and pumpkin and you can decorate it any way you like now like I'd like for you guys actually post what you create it with your decorations and they see when you came up with Mel My Bird version of this recipe my favorite Yes, Theres, an Hersheys brand Park, where Hershey Vampire cases, I would tell you because they need us so you're.

The kids go crazy with it.

There these hersheys kisses and we're all familiar with this but these animals.

And then let's see if I could one for you.

When you bite the center of it there is a strawberry.

Beautiful loving pace that resembled blood, but it is so good it's amazing Kids Love This thing and I don't know, it's so addictive so I use this.

And created a rice, Chris ball by taking a little bit of the of the mixture and putting it in the part of your Ham put a couple of Hershey's van participants side of it and then personal top in the play a little bit of pressure and what do you want to get is going to create what I call like I said my vampire.

Our bites.

Before I open the dip in chocolate all way around because kids love Chocolate. This is the hershey's tree. So when they buy that they want to buy inside of that dip the rice, Chris treat it as well as biting into that Hershey's vampire kit and remember you can use any hershey's Halloween assortment bag or other fund kisses and shrink.

Just to make it your ROE so try that.

For show US what were you create with your rice Krispies treats and let's see if I look at the rest of people and then I can share with US all your creativity when it comes to decorating these trees for Halloween.

Again, I want to see the craziest looking Halloween treat that's out there so with what you have follow us and look for more recipes from Walmart shift. Thank you.

Hey, everybody on longer term, Britney furby and today I'm going to be sharing with you my recipe for homemade pumpkin bar with a hersheys milk topically.

So we are going to come with a definite Steve.

Pumpkin bar assist them happen to be one of my all time favorite dessert and this one Steve.

A simple and easy to make those David shared with you today.

We're going to do and work on our form 10 stores.

We're going to start by combining all of our ingredients together.

If there are 100% pure pumpkin, Karen and it's really important to make sure to using this in non human primates, because they are not the Steve.

And.

And this is about.

Okay Karen.

And the next thing.

If one Dave and Mark.

We're going to.

John.

Yes.

Thank you Steve.

[music].

Yes.

This together a little bit just want to make sure that we get the yield broken up in Mark.

Before we had heard John.

So.

One captive granulated sugar.

Uh huh.

Great value all Curtis.

Right.

Hi, Steve.

Some baking powder baking soda.

Yes.

Hi, David.

Great value.

Okay great.

Welcome.

Right, because it's still fragrance.

Yes.

Great.

Okay.

Yes, we're just mix it all together for as well as increased rate.

Im wondering if there are things that this recipe is like I mentioned, how we see it as well.

Wonderful thanks for easy cleanup.

Next thing here into all of that.

Is incorporated.

Okay. Your battery a little bit lumpy for this recipe there really is no mistake, you can make massive beef pork and mark just kind of the beauty of the simplicity of this.

Great.

I agree and well incorporated.

Yes. This is mark.

To the site.

Thanks, Steve Pumpkin bar on a cookie sheet today.

Okay great.

Great.

Well.

Great RCN centerpiece parcels.

And then.

Our Saturn.

Sorry into.

So I want to make sure that we get in.

In there.

Good.

Great and then.

Then layer on or.

No.

It looks a little thin.

It does look like it's not going to fill the 10, well and we added that baking powder that baking soda and hope this matter.

Thanks, Phil.

Just want to make sure they get it.

Our quarter.

In the night.

Sure.

Correct.

So thats ready to go into a 360 degree of it for about 20 minutes and one.

One of my favorite reason for using this could you just help.

Steve took any of it and it makes the cleanup we believe today and at this point this is Steve.

So in the beginning of today's video I mentioned that we're going to make hersheys milk chocolate Julie.

Thanks, Dana today Im going to use the jumbo bag.

Sure Steve No top it's not size Mark talked me, you're going to want to make a lot of physically go ahead, David the gender side.

Steve Hershey, Mark because youre going to need.

In short that enough that these staffers mark as Mick.

Kevin.

At the top.

She added.

Having whipping cream and a table to income.

Go ahead, and we're going to make way for about 30 seconds and then let it sit for about two minutes to allow the target to mark.

No go ahead Nick.

Together into a nice.

We believe that it's going to tear occurred basically broken.

And Mark.

Hi.

This is still a little bit.

Which you can see that the Thomas shape, even though is now open.

During this is really purposely.

Yes.

As you can see that heavy whipping cream hundreds coming together and we're getting a nice.

The raised floor here.

I think.

Ready is North Korea Rossi.

And it smells amazing.

So.

And Mark here that have gone ahead and then.

Then in London, who will completely it's very important to let them pool to that your glaze doesn't melt wouldn't put it on your pumpkin Mark.

Thanks.

John.

Okay and Mark here.

Honestly I don't think you cannot too much of the turkeys Mark.

And then.

Absolutely.

Greg.

Mark.

We think that pumpkin and Tata is something that people don't always think goes together.

Good combination.

It's just that the.

Just a new way to you.

Right.

Adam It's Rob lets look good that look on it.

So to me, Steve Pumpkin, Mark even better we're going to go ahead with some Steve English Steve.

And Steve ours, so brinci multi.

Perfect texture to our pump in bars, and we heard Steve just here, so well with that hershey's delays in the country.

So Jamie.

Generous amount.

Steve.

Mark here.

Great. Thank you.

So you can slice these into the traditional where Steve like I showed you in the beginning of this recipe.

You can.

In creative.

The way that you can easily do that is yes.

Simon is that there is a cookie cutter to cut out.

From your pocket so.

So I said here today, using a campfire cookie cutter and.

Couple of shape from our pumpkin bars, and labor cost estimate that Steve.

As you can see we made a little higher rate.

Hey, a little bit.

Our first.

For seasonal typically that we made earlier.

Some of that on the bottom our.

Yes, Sir.

Yes.

Hi.

Earlier.

John does some of these snack size milk chocolate Hershey Mark to me.

Yes.

And.

Right.

Our.

Yes.

Sure.

Interactive way to re purpose door and Mark.

So.

Good morning.

And you can view pumpkin cookie cutter for this.

Anything like that would be such that there really is no right or wrong way to do that.

So why did you decide to use a cookie cutter to make fun too with your pumpkin bar or the traditional Missy.

There is no way that you're going to go around business, Steve because these are going to be delicious no matter, what because their top hersheys milk topic lately that doesn't bake, Steve and amazing and delicious to there so be sure to pick on the jumbo.

Hersheys milk target snack bars at your local Walmart and make sure you top it with those decadent he said.

So thank you for watching today and hope you enjoy this video I can't wait to see what variations you may have depressed Seattle. So thank you again for watching and seeing that.

John.

Hi, I'm, Walmart Darcy boss and today, we're going to be making some Q increases spiders, they're going to be so much fun, we are going to be using.

The trees from Hershey's and great value, we have three different side is we're going to make David.

Going to be great for the kids are going to love them, they're going to want to eat them, they're going to want to create them with you.

Feel free to get creative yourself using different products that today, we're going to use.

We've got sprinkles Goodly eyes, we've got our Franken Cup races. You can also use the snack size. We've got so many races marshmallows twizzlers all kinds of fun. So I want to get started on our first fighter. This is going to be this monster side or in the middle.

Double layer in some popped up by Alright, let me grab the items for the fighter. Okay. So we're going to start by taking one of our franking cuts and turning it upside down so I want to see that nice little green layer that we have going on.

And I'm going to take.

First she is hot Fudge and this is going to kind of act like a glue our legs on.

Yes.

On lingering.

Okay.

Now I have some pull until twizzlers that I just.

Pulled a couple of them.

Cut them in half and these are going to be our four well technically eight spider leg.

Kind of split that right on top of the Budd.

No I'm actually going to put a little bit more outside John they're put on this one on the green.

So the Meramec this'll double layer spider and Im going up.

Down on Paula.

And what's really cool about the size of that kind of.

John and gives you like a creepy spider look.

No.

I want to put our eyes on so I'm going to take a couple marshmallows.

And we're just going to add a little John there and like I said the act.

Uhhuh.

And create our popped up eyes here and what's really cool about this.

Colorful and your kids love to.

Do this with you.

Now I want to put some good liaison and this time, how many years.

Great value peanut butter.

Hi, Michael.

He's looking.

[music].

And then I will do that to one mark.

Right Oh my goodness.

Hey, so finance.

Correct.

Now you're because there is going to want to eat that up but you can hop in the freezer and saving for later that way everything kind of forms together if you want to.

Now I have another side or I would like to show you. This one is going to be acute could be spider I have some sandwich cookies and some candy corn that we're going to turn into little thing No star I'm, just going to pull apart my cooking.

No matter if it kind of gets a little miss that because we're going to put it back together so.

I want to start by adding some peanut butter actually to the bottom layer of the Cookie. This is going to act like a glue for our pretzel like that we're going to be doing on this one.

Plus.

We had a sandwich cookie with peanut butter.

Sure.

No ramp our legs.

And what I did is I just broke app for.

Thats sold and.

To give a date.

Hey, Blake.

All right, let me set the guide down now.

Now.

We're going to be putting our candy corn on one side and the like.

I said to create a little thing so I'm, just going to kind of tick.

Okay.

And to the peanut butter.

The top back on but I think I need a little bit more peanut butter, just to kind of act as a group for the cookie part.

Norcen gently press it down.

Okay. So I have.

Many researchers I want to use as the spiders heads just to kind of given like a three d. look here so.

I wanted to go upside down I'm, just going to dip it I've got Mark Budd.

Just a little bit.

It up so much.

The head on right, where you've got the Fang.

All right.

And I'm going to take some googly eyes, and I'm going to use the peanut butter again.

Peter works, great as kind of like a glue.

And with that problem on the front of that research is right. There now we've got the cool Spider right here look you've got the things in the eyes of Big popped up head. He is so cute and.

Finally, we're very tasty alright, I have one mark fighter to do let me grab those ingredients for you. Okay. So this is going to be our crunchy cracker spider or using some buttery around that actually on the top I'm going to create sort of like a hairy spider look.

I'm going to take some of our.

Hot buds and spread that around.

Now where every Budd just remember that that's where our sprinkles are going to stick to our intake.

Black sugar sprinkle.

Because remember I want them to be cute entry fee.

So we're going to create this black hair on top.

All right now while that is setting we are going to take our other bottom buttery round tracker.

And we're going to spread a little peanut butter and this again is going to act like our glue or our pretzel way.

Who doesn't love peanut butter and pretzel now we're going to take our proposals and just like the other one we're just going to place them all right now.

I'm going to take that.

Harry top and I'm actually going to shake up the excess sprinkle.

And I'm going to.

Add a little bit more peanut butter.

Really well, we don't want these guys falling apart.

Okay around place that on top of his press down.

Now all we have to do here is at arguably is so.

I'm going to take our.

Little bit less over budge on here actually I'm going to take because it makes it so much easier.

And just get a little bit here on the.

Oh My goodness. This one is so cute.

It doesn't love.

Crackers, peanut butter pressel than a little bit of hot dry.

Oh, my goodness, because there has been a love it.

You guys enjoy these cute and creepy spiders with us today.

We made a delicious cookies Spider we made are kinda Franken Stein ranking cat fighter and we've got our currency cracker spider using product from great value and from Hershey's everything from Reese's Sure Frank Inc.

Super Salty pretzels again, I'm Walmart ship Darcy, Bob Hope you guys enjoy.

Thanks.

Okay.

Yes, Hi, everybody my name is Shawn Labrie, food and consumables coach stores 39 in Salem, Virginia, and today I am going to be reviewing for you want to be cool toys on the market right now.

The animal. This thing is also short to be at the top of a lot of wish list. This year at $35. It will not break the bank you can find it in our core department, where we normally look less about that John out at you on the shelf.

Hi to true because the animal is the ultimate on boxing experienced no funds start before you can get out of the box and I'm just going to show you what I'm talking about where they are right into it.

So let's get this thing start there.

There are some instructions here shows on the back to follow the numbers.

So we're going to see what that's all about.

Let's begin where it says tear here.

Thanks.

Thanks.

Thank you.

Pretty exciting.

Thats right.

Here, we have.

Some instructions.

Must read for maximum fun. So we're going to go through this together and.

See what happens.

Crack down on a flat hard surface that's number one number two.

Paul it's have out of the great So revealed at sea.

No.

Thats correct thats going to be here number two.

[laughter] very.

The animal really wants out of this case so.

The key number three is certainly key to the other side of the crate and began making the animal angry right.

And here in certain key got this call keyhole.

Let's see what happens.

[laughter] that is.

No.

Right.

Hey, Dan.

Animal Greg.

Now set number four is to yell at Yale again make the animal we're back.

[laughter].

All right. So the answer is yes.

Yes now.

Hi, It's you know.

No and not more this will make the animal Hey, Greg.

Yes.

Are you guys Greg.

[laughter].

[laughter] [laughter].

[laughter].

[laughter].

Stride again, not here number five.

[laughter].

Thanks.

Yes.

Yes, Greg Greg out of this thing.

Thanks.

Yes.

Definitely the most fun I've ever had opening at some point.

Holding about it was that it was really unexpected items legitimately surprised when that they can buy.

I was going to happen.

The only thing about it is that you can put the middle Bakken asleep Mark.

The box.

I agree with that experience over and over again.

Being out of the cage very cool.

Now the animal downward as you get closer look.

Really comes out with yet another mark.

With that ill open it up and see what we've got.

So inside the smaller box, we've got copies of hardware.

Hi, a couple of muffler.

And will that those in on site.

Hi.

All right Super simple the other thing that we got in here.

Yes.

That's helpful.

Well go ahead and.

Our key from before that we see on Steve.

Steve now and we're going to attach it to the hub.

And that becomes yours. So cable this is going to be a lot to fund the platelet. So there are two places you guys asked this omni.

Hey.

Based on the front.

For wider spreads.

It's on the back.

Things along.

We're just talk about how the features on the animal.

You'll notice on the bottom.

Youre, Greg switch said for your power and for yourself, you can play with the sound all or John.

Thank you.

Your directional switch on the top tier this will take you.

Lower and Inver.

Yes sure.

Activating are on the front of the trough that that make them go up.

We're in it for anything back on and we're going to take you around the house going to tell you that Simon to try to different types of terrain see all the different things that you can tell.

I cannot wait this is going to be a lot of thought so.

Oh.

So the animal back on and get started here so some of the basic function.

No.

Thank you to the forward position I want to persist.

Yes, you're right here we go.

[laughter] easy easy.

Area.

Yes.

Hi, Jennifer.

[laughter] area.

Take the core versus oil shocks actually maybe.

Hello, Hi fraud.

Good thing feel like it's alive this will pay some of that.

Makes a really cool down a bit.

[laughter] cool so again.

Yes.

River.

[laughter] really cool.

Really really.

Some feature animal is that when the trucking Howard.

Our optical the.

Hi are going to come out and help the embassy suites.

So it helps demonstrate that or do you still feel like we are lying around the house.

With like Hillary.

Oh.

Coming now.

Paul.

We're going to get our tow cable.

I see what this David.

Thanks.

[laughter].

[laughter], we just got to see the animal outdoors going through all sorts. It's a range you see telling capabilities. This is a cool toys. This sounds like everything that they can do the kids in your life are going to love. This what's the.

You can find it in your local Walmart inventory aisle or a Walmart dot com I had a blast playing with this thing today I hope you have fun watching once again my name is John elaborate please check back in for more views of this year's items from Walmart and Greg.

[music].

Your neighbors became family neighboring family prepare dinner with new flavor.

For this.

And low prices from Walmart.

David the saving Walmart.

Yeah, we got creative with that data.

But with Walmart loan prices, you'll know how to do it and keep costs down.

Left in the year going Mark.

[music].

Oh.

This year Walmart turned black Friday into deals per day, starting Saturday November 14th for deals with $139 juxtapose that im stores and online, let's interviews saving they have to start Saturday.

Steve Walmart.

What do 18000, cupcake look like you're going to want to stick around to find that don't worry I didnt bake them, because if I did you would not want to see what that looks like hey, everybody its tyler on back.

With another addition of what's a good Walmart, we're bringing you the story of the positive fun creative things that happen in our stores and our clubs. We also want to hear from you still drop your name Dropper store in the comments below we'd love to give you a shout out alright, it's still with that but then it okay first of all let's talk about capital.

She is a general transportation manager at transportation off at 68, 72 in New Albany, Mississippi can't blame news or bad Crapping skills to put these motivational messages onto 30 pairs of safety gloves for drivers subscribers loved them. So much they didn't want to get the gloves dirty so creative and so thoughtful capital.

An incredible work I had gloves here mine, our dirty, but the next time I'm in Mississippi, I'm looking up to see if you could help me up with a motivational methods. Okay next I want to take a moment to recognize Sheila good man She's a pharmacy man direct store 29 to seven in Miami Gardens, Florida, and she was recently selected as one of the top line.

Healthcare professionals for 2020 in Miami, Florida, She has been with Walmart for 12 years, here's her reaction to finding out to bid on that coveted list. So to me. This is a big deal because out of everybody that whats going there on the only performed exactly how to think what the nurses.

Dr. It sounds to be one that with Bam I was like Wow like this really cool I mean, what an honor. Thank you see you look for all you do to take care of customers. There. Okay over to Sam's Club 66, 19 in Ontario, Canada. We're in order was put in for 607 30 count packages of cupcakes.

Which comes out to a grand total of.

Carry the two over.

Grand total of 18210 Cup game I mean check out. This video here 15, what are they give a big shout out to franke and bring that in bakery and all the decorators that worked on this as well that's pretty sweet in more ways than one or.

8000, Okay. It's still 144 in Fayetteville, Arkansas, a few members of the ODP team collaborated on a quick animation and were may be illustrations, while safe and Alexander did the Super quick vocal that made for a short like five seconds shout out to their ODP team. It's fast so don't Blake, but lets take a look.

Yes.

Well Mark.

Okay.

It's catchy right I mean, I can see that playing every time you make a pickup order on your phone.

Remember you heard that here first somebody needs to make that happen. So much talent in our stores and our club and speaking of talent checkout rain. He's a team lead at stores seven no five and outdoor Florida is wrapping about Walmart deals for days event. This is good stuff Raven, let's hear it we know what you mean total gas.

As often in the jungle tipping deals different day, Yeah. We got it very helpful. You on Black Friday, better because there's no other way we adapt to the people. We like you say just impressive stuff all the way around thank you to all of our associates for all you're doing for our customers. Let's do this all again on the next episode of Whats Good Walmart can't wait to see you guys.

Then.

What about the color scheme that they haven't gained welcome to the 2020 top rated by Kids Choice Awards presented by Walmart and this you do version is one very special waste why is that because we're going to do a whole bunch of exclusive just you can't see any real exciting mechanical book, We've got jousting plus this show is crazy you're going to see celebrities like Chris Paul Matthew Mcconaughey, Jimmy Johnson and Tony Hawk.

And these head count and Meghan Trainor are going to co host and negative traders actually get a thing we're just going to be great William.

Give me toy toys at a whole bunch more toward Oh, yeah. Instead for prepping for the holidays were going to show you. How you can help millions of kids were going be Papa enough throughout the show. So don't go anywhere this is going to be crazy and now with debt. The show started started it came off when a touchdown not that's what I'm talking about.

No there's no.

Well you know her from 2020 top weighted Michael.

Really men can you give me a water something now.

And what's good sorry talent, but these are one of the most popular claims for the holiday season Simon Bye.

Turing now.

Keith that he started and this is the Twentytwenty Richard by Kids toys presented by Walmart.

Sorry, Oscar winner Matthew Mcconaughey.

The Superstore Crispell Emmy Award winners only Neil.

He is the dog.

Lajeune, Tony Hawk Grammy Award winners here.

Social media icon Jules Leblond.

Lower oil supplies, Oh Gee remix Dole.

Jimmy Johnson.

Let Vic champion or you Hernandez, but you're sure Justin Wilmar.

Oh God willing go John.

W.W. stores Bebe until like siblings.

There are few you do start to rise from God Jane Pro skate boarders hydro.

But the child.

We do own the entire Youre, making.

Megan Greener and TJ Eau Claire.

Hi, Joe magazine, we working together the Ghana.

I love it.

Yes.

And we're hoping to sell is one of my favorite subject ever.

No Mega check this out with my kids are always thinking about tour as I got towards all over the house is toys everywhere and this is the very first why werent ever voted by Kid.

And no one wants has ever looked like this.

No more no nominees sit when it's either waiting for their names to be called.

All right just think gosh gone sketches and the best most popular toys of the year and I.

I would never do that and you you got a special performance coming up where your Christmas album, and you know it's about it's Ross you got to do it for me.

Thank you Alan and on its own you'll be announcing a very special parity talent.

Sure do that.

This is going to be one that.

Now, let's get started with the fastest guy on that though.

Jimmy Johnson is not quite member sport, but there are some youngsters nipping at his heels.

You see we're going down there.

[music].

Yes.

And we have got some contacts between Johnson <unk> Johnson and John.

Girls might have what it takes to be them.

Jim This is starting to look more like a demolition derby well that might have been a bad.

Well Steve.

Senator John some girls book out, but all right.

Oh, you're going down.

[music].

Hi, Greg.

Three two.

Oh.

Wow urban.

Herb incredible things this phone line everywhere.

Yes.

Yes.

Yes.

Yes.

Yes.

Yes.

Yes.

Yes.

Both statutory.

Hey, Blake was spare set.

And now we take you directly to the headquarters a bullet point.

Sure kids from across the country have tested and Richard this years due to these toys board will reveal those winners to the world Hello, Troy Ward.

We know you have more work to do.

Yes.

Okay got it back through the doors.

I'm never going to forget that.

Okay.

And now the host of an extremely important major show who has discovered a very rampart.

Right.

Welcome to weird the planet this show.

Where we celebrate the world the strangest animals now today later on the look out for the World you're bearish Fleming.

No that couldnt bid one.

The main goes down flat.

Sure Mark.

Okay.

Flamingo.

More than just a beautiful.

Before Warner Me my backyard.

Oh.

That's your where.

Were fine.

The.

Check it out.

Oh.

Oh Majestic.

I don't know Steve Neil.

Okay.

I see trees in grants.

You're welcome.

I don't see is winning.

Great.

Let me see.

Yes.

Oh My God link.

So it's just so beautiful it's rare rare things that you have are fine.

Tony.

Okay.

Hi, Michael.

Got it thank you.

Greg.

Yes, yes.

[music].

John I like.

And going after using shoes David.

Jamie.

Good.

Yes.

Oh this fresh.

That's right now thanks.

Nobody comes close.

No again.

Oh, yes, we're over there to.

Yes.

Hi, John.

We're working towards that.

Oh great.

Oh.

There's flamingo Albemarle.

Yes, the Gotta go Flamingo, most rare flamingo in the world.

The only flamingo in the world.

Pumps in the toilet.

Oh, Oh, Oh Oh.

With that.

No there's been no there really its really.

Oh no no no.

Right.

Yes.

Yes.

Orpheus toys.

Got her goal Flamingo.

And then coming up on the Toy award of Big upset.

Sure, John and Olympic level, higher and more from Weird Fleming.

Yes, Jimmy Johnson, just gravy and now what's driving me Crazy as wall riding a mechanical bull.

Hi.

Matt.

No no no.

Yes, yes.

Well.

Oh, yes.

Yes.

No no no I'm not going to mechanical.

Let's get on with the show Karen and then.

And now we are back.

Tony You talked briefly about kids Toys awards presented by Walmart where stores on toys go lie taken away Megan.

Every holiday in Walmart provides a home for the Salvation Army industry program, providing getting twice the company and this year the need is greater than ever.

Giving is the magic of the holiday and then.

That's been well then I'm, so nervous and I were number one fan out.

He's going to tell us how the entire magic word.

Yes, Thank you Megan I everybody.

Hi, I'm running late I need one second just one second vessel went bankrupt.

All right there we go.

I am ready cited.

I need to be in the show Justin will man I'm, a magician like Meghan said I know I don't look like a magician I look like an out of work Jonas brother, but.

Some cool stuff Tonight. However.

Want to kick things off by sharing what I think to be the most magical part of Christmas and that is the Salvation Army Angel tree at Walmart So.

How the industry works is you.

You know what my mind.

Well my telling you how works why don't we just go there.

Go to Walmart massive Don.

Magician after all every go.

Much better there.

It is the Angel tree and retrieve got dozens of gift waste from kids and Neil just grab on to the tags, you're going to Walmart here you buy the toy the Kid wants to put in the been done are we using how generous from there the salvation Army they work their magic and they get bad toys that kid to make their house.

Today Dreams come true.

[music].

And durable.

Wow, so many families in need to help this year and so many top rated by kids stores to choose from.

Let's do Blue's clues Tic Tac, Tony and squeaky.

Whenever that is let's go.

Playing cards, only $2 or 97 cents I mean come on.

Practically pays for itself.

[music].

It's a baby size Rubik's cube.

What it does.

[music] scamming.

I got you.

Oh I got you.

We're going to go ahead.

You're going to go to a kid and.

Yes.

Why.

John.

Well the Salvation Army take it from there what an easy way to spread holiday magic while.

Having a ball.

Oh, the pun back to these accounts.

Hi, Karen Perry Ellis champion, John and a man named Winchester twin have in common.

No no disrespect in no way, but I don't think I.

I don't know how to answer without the disaster for that.

Oh no.

Mhm.

Hi, Jane.

Oh.

[music].

Yes.

[music].

Yes.

[music].

Yes.

Yeah.

Yes.

[music].

[noise] most.

Magical toys.

[music], how trimbles Crystal Flyers.

Yes.

He when chapter.

Hi, Jane when he went to 20 non baghdad's here with a recap of the emotional roller coaster that was last night Dod Award Inc.

[laughter] Oh forget the lighting from scratch my head below.

No I I.

All right.

Okay.

You May remember from my last blog in your tuning in terms of year. Despite his attitude was the favorite to sweep this year's Jamie I mean look it doesn't mean that talk about arresting cafe.

Right.

I phone.

[laughter] next John they die.

Body ever retrieval name as well.

Now this pop is clearly make and as David with that body language or someone didn't do a placebo for this competition.

John.

Oh.

Oh. So this is all table scraps before we get to the main cost don't featured on people.

Cannot even begin to tell you how proud I when I was five quake.

You can believe it.

We Steve.

Steve.

The.

Oh, I, just love to follow or look at that Paula.

Boy is ready for clarity.

Oh boy.

John.

He is ready for prime time.

Yes.

Ben canine.

Yes.

Yes.

That's my view.

Yes.

[music].

Squeaky his story.

Right.

We do the balloon door.

Yes.

Salad, we have all these amazing donation how are we going to get them to the salvation Army.

[music] choppy right now Meghan I'm going is all wrong I'm Gonna Bob right now don't worry about Mark who got that we got this shallow.

Yes.

Wow.

Don't make a lot of having girls and boys.

[music].

Oh, that's right.

[music].

Bigger stores.

Okay.

Kids, Greg semi truck and trailer.

And then Oh.

I'll be commingled Kangaroo wrestlers part right.

The girl, you'll never see calming literally.

Right.

Hey, guys just a woman again, you know I just realized something when you're doing magic for a camera like this there's been perspective tricks like buy hold an air pod really far away it looks like a super tiny, but if I hold it up right next to the camera it looks enormous not really magic per se. It's more of just kind of a cool optical illusion, but does that.

Hey, Sema show Magic for humans on Netflix you know I'm always all the world doing magic for people, but I'm going to switch it up I'm going to teach you a truck right now okay does the trick you can do Tonight. You'll think me later this is a mystery of the silver Orb watch the ball it gets lighter until it floating what in the heck how does he.

We do it what it's a soup litle, that's how it works.

People, it's a cyclical that's what these things are intended for you take the ladle you sticking up your sleeve Jamie that the camera and you will be blowing lives. Okay, you're welcome enjoy.

Hernandez is an incredible Jennifer inner balancing our amazing and not worry about our balance and skills and Oh, yes.

John is right now.

In fact, I used to be a gymnast I'd not want any Olympic gold medal like we have achieved absolutely incredible I'm not quite as amazing Steve.

No.

No no no oh.

Right.

Oh no.

Okay.

Yes.

Oh man.

Hi.

Well.

Hi, Jim.

Oh yeah.

Well.

John more incredible toys.

And now it's the only 20 top rated by kids Toyota stores presented by Walmart.

Yeah.

Hey are you guys to Bob It's Tom Yes, well I wrote about your group online and I Love BOP. It.

Oh you bought your.

This week, we brought our mark to.

Yes.

Oh yeah.

Yeah.

No no.

[noise] what do you.

Mark online than they have in the group was the BOP it.

Yes, that's the name of our Acapella Bebop group.

[noise] not now Aaron anyway, I don't Glenn.

I thought you guys were really into boxes.

Yes.

The center game not.

I also don't think we should limit ourselves to me Bob.

I thought.

Our restaurant.

Steve.

Yes.

Oh.

Yes.

Yes.

Okay.

Oh.

Oh Wow.

Oh, Oh Oh.

So can I joined your garden group to be clear.

Thank you.

Doesn't.

A really cool toys can join our exclusive musical group.

Yes.

Okay.

Yes.

Mark.

[music].

[laughter].

[music].

Phobias story.

So Charles.

Yes.

Sometimes like those crazy stuff that you you got to be ready.

Got to be break.

[music].

You bet.

Yes.

Well, David one like we said we wanted to remind me.

Any money.

[music].

Give us your money.

Well your students going well.

I just wanted to do that either.

I was.

He asked how.

Okay, you just can't get underway.

[music].

Yes.

Thanks.

[music].

Right.

No.

Oh I hope.

Yes I.

Yes.

The only people.

You should have a letter.

[music].

Yes.

No.

Yes, Steve now.

[music].

First the story.

[music].

John.

Finbar's light up scooter.

Yes.

[noise] and once again welcome back to Weird planet, where we bring you the weirdest animals.

Right sure.

On the planet.

Today, we are searching for a kangaroo that's rarely been seen by human.

Hi, guys.

Try so hard to find its majestic animal and the only thing that I've found that you have in common.

[music].

Hi, Matt.

Perfect.

[music].

Hi, you guys read.

Wow Greg.

You guys got a first humans to be accepted into the Mama Josie Kangaroo true yes.

[music].

Korea story.

For real Mama Josie the Kangaroo.

No Callaway the host of this weird plant so he looks how familiar.

No I've seen him before Megan you've seen one nature show house that about you see them all but that report I don't know about that although we don't get picked up and I don't know I don't know.

Okay, Oh Cowen.

Everybody knows how high you are and how you like to keep quiet about things.

But I want you to break the news right here right now about their amazing Walmart Salvation Army challenge.

That's why Mega we got to do a big we join forces were Walmart Salvation Army for the Angel choice program not check this out we're going to support more kids. This Christmas I'm challenging all Mark was and I'm challenging you.

Rescues quit Smith.

Together, we're hopefully a true without have Neil.

This question.

Everybody to participate out a walmart stores or go to Walmart Angel Srinagar, Oregon.

They're all on Ashe AG rescue Christmas.

Right.

I guess I wanted.

Why not.

Oh, yes, those are the key to John I've seen.

What do you want the most previous directly while the Thomas prototype controller.

Sorry.

And that was Milan, Italy, Roseland deal as you can imagine Elsa doll.

Oh no no.

I want to play with all of them right now.

[music].

No special musical treat from country do old meridian tie in.

[music].

Okay.

[music], Inc.

And if that does.

[music].

They didn't do much.

[music].

Yeah.

[music].

Bye.

[music].

Thanks, Charles maybe I think the holiday favorite and Tony Hawk.

Coming up on the total Gilmore.

What the guys Justin woman here again back in my House.

[laughter].

Oh.

Oh that that.

That is disgusting, hey, I want to say a bunch Richard you can do to impress your friends or family. It's a science experiment of Stork uses.

One of the old masks when you're home he got the weird anymore, you take the maskey rather than your had built up a little static electricity you put the math inside of an empty water John Okay. It centralizes, the static or something I don't know I'm not below ly, but when you snap your fingers.

But ask well start to Dan.

Crazy right. If you cut off the air circulation again, I don't know what the sciences, but it just works.

It makes the Masco crazier best part about it is does snap operated when I step if that financing.

Setback darts.

Stop start.

Starts.

<unk> to my Kid's Toy award presented by Walmart and exclusive holiday classic from Megan coming up.

Everybody out there you do my challenge and another one at.

Gas challenge.

And he loves the game.

Check out is Judith.

Gotcha.

B B.

Felix so fresh from.

Nope.

Yeah.

No.

Dang challenge.

B B.

Felix so fresh from.

<unk>.

Polish nail Polish.

Body.

Yeah.

Nope.

Dang.

All of you guys as long as silicon used to the Lol's of ties the next town.

Okay.

Oregon.

Ooh.

20th stores.

L O L surprise O M G remix dull.

So we got a lot of amazing challenges, but there's no bigger challenge than saving the world.

Tony half the guy to do it.

Here are details for your mission.

Janet obstacle, okay, I'll figure it out use the Rams R U R. S K.

[noise] thanked with now how do I get little error.

H E L.

[noise] can't talk right now ma'am I'm working on world domination here.

If I don't get 12 trillion dollars by midnight every important world leader.

Permanently be frozen wait I, probably shouldn't tell them, where I'm hiding <unk>.

[music].

Oh.

Yeah.

The green.

[music].

If 12 trillion dollars is that the positive.

Bruce.

Okay.

I do not receive 12 trillion dollars by midnight sent by 12 O five Oh, the world's leaders will be playing as permanent game of freeze tag.

Keep away.

[music].

[noise] I found the perfect cover.

[noise] [music] your own bill understanding.

But how did you know, which one let's go with it.

Orange is always better than mine.

[noise] Cynthia stores.

[noise] Hotwheels sky crushed shower and little people want to look Raceway.

Oh Bendig machine of your dreams.

Pressure build short weird blend it gets even weirder and Megan trainer all coming up Tony.

Tony Hawk, William what are the coolest guys ever and now he has officially the coolest spy on a skateboard, yes, and we love adventures too like God like Bungee John.

It's about 120 feet in the air Bungee jump and fly with the same time was fun fact, it's very difficult to make slut normally.

All through the air and a billion miles an hour would you what it felt like one of the most terrifying experience of our entire why exactly but Tony Hawk doesn't have any safety nets or cords attached to him when he does it it's just a real.

Another level is incredible and now got thrown up next week at the Pirates.

Pirate I'm, a little confused as well, we'll see the pirates.

Orange or even more toys.

On the 20th upgraded by Kids Toy Award presented by Walmart.

Megan.

Oh, I'm a D D like pirate he like Treasurer I.

Hi, thank but I'm trying to.

[music].

And that's D Macy's and Treasury, you must dive into the briny deep.

No that's all right.

Okay.

There.

Okay.

There.

[noise] everywhere.

Yeah.

<unk>.

Do you.

He said.

[noise] Oh.

Nah.

Oh.

Charles.

Yeah.

Life.

[noise] over there.

Oh.

No fish.

Credit dealers Blue Sharks, no man who's ever seen it.

Tell the council.

Hi.

Nothing.

[noise] Oh my Madam.

Did you.

[laughter] weekends y E R.

There's two or three.

[noise] [laughter].

[music].

Gotcha.

Yeah.

[laughter].

[noise] drive.

[laughter].

Yeah.

Alright got that beautiful.

[noise] calamia stores.

So.

Treasurer darker treasurer.

Brian Chachi, he's a little walk stop with Big ideas My Kids love them.

I will laugh I love you too I see now the modem.

Entrepreneur.

B like visionary.

[laughter] can only calls me one.

<unk>.

Something's gone wrong.

Oh I Jennifer.

And I totally bombed.

But I took your advice.

That's the reason why I bombed.

Yeah.

And a burrito poor practice.

Once you've been nowhere to give me pooling.

Okay.

This here anyway, I was too embarrassed to try out Oh, no my burrito.

You're right.

Oh by the way.

Danny surprise.

And the machine perfect. It gets worse too cute was there when I.

Oh really sleeping use around.

[noise], that's part of course, I'm Gonna, let me try it later.

Yeah.

Well I don't know if I can say my favorite kind of keep call again.

Oh right he's not.

Oh My gosh.

Okay.

I mean, I guess I shouldn't be embarrassed.

Yeah cause probably gone through embarrassing that's too.

Okay.

Yeah.

Oh do you have any number you know I find something extra Richard.

Yeah.

Brian have even been the list.

[noise] I'll be open 20th.

Yeah.

Oh.

[noise], mostly excuse me a story.

Williams World bending surprise.

[noise] and welcome back to weird planets HM.

Look over your shoulder.

Is there a dog back there.

Probably because dogs are everywhere, but some dogs are so rare that even our expert guy it has taken years to track them down.

Richard.

Take a look.

Ever heard this town.

Wondering where it came from.

Rarest pink or blue.

And that only comes out once.

Everything.

[noise].

[laughter].

Judith.

[noise] Oh.

Oh goodness.

[music] Oh.

We found.

HM Bye bye.

Alright.

[noise] most huggable toy.

Blue's clues and you pick up blue.

Oh, no well, we will permit or a you tube sensation love Diana's, New Halloween music videos to see the full video go to Walmart Dot Com Yo those pilots were crazy I mean, who would've thought W. W. E wrestlers would've wanted to become pirates in the first place I'm not complaining, though they we're also gonna go where the toys that are coming on me.

What happens if we would create our own towards how would we go about Oh, you know I don't know, maybe we would take all the best parts of our videos combined them together like the slides the compounds amidst reveal the mystery bother DIY exactly into something that you can play at home so basically like Julie.

Be able to play our game and our challenges at home I think so and you know what you might as well just check out your local Walmart.

May have already thought of this you might be surprised when you go there we've got an exclusive music video for you from the Hugest revision loved Diana Yeah, I think she would like what six years old I haven't five but no to Joe Yeah, I Dunno, just real Yanji mythology, so now check it out.

[music].

Yeah.

[music] I Wanna. Thank you.

Do it Amanda.

[music].

Shawn.

Oh, let's just say.

Yeah.

Yeah.

[noise] Sarah my friend.

Q3 2021 Walmart Inc Earnings Call

Demo

Walmart

Earnings

Q3 2021 Walmart Inc Earnings Call

WMT

Tuesday, November 17th, 2020 at 1:00 PM

Transcript

No Transcript Available

No transcript data is available for this event yet. Transcripts typically become available shortly after an earnings call ends.

Want AI-powered analysis? Try AllMind AI →