Lee Scott
Lee Scott
american-businessman associates behind bounce expect respect understand walk
I expect that our associates will walk with a little more bounce in their step and understand that this company is behind them and has respect for them.
results
Our results were not up to Wal-Mart standards,
continues economy forward help holiday improve lower quarter record sales satisfied successful
Our sales were lower than we are satisfied with but the economy continues to improve and we are well positioned for the holidays. With the help of our associates, I look forward to another record quarter and a successful holiday season,
current difficult earnings economic environment expect given goal growth half improvement leverage market meet original remains sales second share year
Our goal for the second half of the year remains double-digit earnings growth,. However, given the current economic environment this will be difficult to achieve, ... We expect earnings growth in the second half will show improvement over the first half of this year as we leverage our sales and market share gains, but the growth may not meet our original goals.
accelerate changes continue john largest segment
John will continue to accelerate changes in the largest segment of our business.
ability apply assignment best brought confidence couple delegate develop exactly last management mike needed operations opportunity overseas people promote responsibility skills
Mike has brought to the U.S. operations exactly what was needed during the last couple of years. Mike has the ability and the management confidence to delegate responsibility to the best people in his organization, and develop and promote them. This new assignment will give us the opportunity to apply those skills to our overseas operations.
associates coverage health percent uninsured
We know this because 30 percent of our associates who have our health coverage were uninsured before they started working at Wal-Mart.
allowed exist life people poorest shame shop walks
We have allowed to exist the idea that only the poorest Americans shop at Wal-Mart. Shame on us. We have people from all walks of life who shop at Wal-Mart stores.
confident continue earnings forward momentum record reporting sales year
We are confident our earnings momentum will continue and look forward to reporting another record year in sales and earnings,
appeal category example excited great organic range wider
We are particularly excited about organic food, the fastest-growing category in all of food. It's a great example of how Wal-Mart can appeal to a wider range of customers.
bring business club great helped respect tom true wholesale
Tom Grimm is one of the true pioneers in the wholesale club business and we have great respect for the improvements he has helped bring to the Sam's Club member,
continues current customer difficult expense gas higher improve leverage miss plan prices stores
Wal-Mart Stores did miss their plan as our customer continues to be impacted by higher gas prices and it is difficult to improve our expense leverage in the current environment.
chance class difficult drop good kids potential school success teaching
The potential right now for success at that school is very, very high. Of the 30 kids in my class, about 10 are Hispanic. It's very difficult for me to look at those kids that I'm teaching now and know that statistically there's a good chance some of them will drop out of school.
american-businessman people
There are going to be some people who never want Wal-Mart. That's OK.