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Walmart Inc. (NYSE: WMT) Announces 3:1 Stock Split to Promote Associate Stock Ownership

Walmart Inc. (NYSE: WMT) has made an announcement to conduct a stock split of its outstanding shares, with a ratio of 3:1. This decision is a part of Walmart’s continuous evaluation of optimal trading conditions and its commitment to making share ownership accessible to its associates. Currently, over 400,000 associates participate in Walmart’s Associate Stock Purchase Plan, enabling them to conveniently purchase shares through payroll deductions and benefit from a 15% company match on the first $1,800 each year.

Doug McMillon, President and CEO of Walmart, emphasized the importance of keeping share prices affordable for all associates, aligning with Sam Walton’s vision of shared ownership. The stock split reflects Walmart’s growth and future plans, encouraging its associates to participate in the company’s journey. Walmart’s commitment to its associates extends beyond stock ownership, with a focus on offering good jobs, attractive healthcare, financial, and educational benefits to its 2.1 million associates worldwide.

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About Walmart

Walmart Inc. is a people-led, tech-powered omnichannel retailer helping people save money and live better – anytime and anywhere – in stores, online, and through their mobile devices. Each week, approximately 240 million customers and members visit approximately 10,500 stores and numerous eCommerce websites in 19 countries. With fiscal year 2023 revenue of $611 billion, Walmart employs approximately 2.1 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy, and employment opportunity. For more information, visit the company’s website at

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