4/29/2026

speaker
Cristian Barrientos Pozo
President and CEO

Good morning, everyone.

speaker
Salvador Villaseñor
Head of Investor Relations

I'm Salado Villaseñor, Head of Investor Relations at Wal-Mart. And I want to thank you for joining once again to our last Q&A session following our first quarter of the 2026 earnings release, which was published yesterday. We'll make every effort to answer as many questions as we can in the 45 minutes we have scheduled for the call. As always, we kindly ask you to limit yourself to one question only as accredited lawyers. Joining me today is Cristian Barrientos Pozo, our President and CEO, Tatiana Kvajal-Praiseka, our Senior Vice President of SAMS Club, and Paulo Garcia, our Chief Financial Officer. We'll now go right away to the first question.

speaker
Conference Operator
Moderator

We will now start the Q&A session. If you have a question, please press the question button in the browser. Please make sure you are not in full screen mode to see the button. The first question is from Mr. Alejandro Fuge from Itaú BBA. Please go ahead.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

-

-