Wal-Mart Stores sent out a message to naysayers who say the chain’s best days are behind it.
Speaking at the Consumer Goods Forum conference in Cape Town, South Africa, Wal-Mart CEO Doug McMillion said the retailer expects to add $45 billion to $60 billion of new sales during the next three years.
“So sometimes people say Walmart is not really a growth company any more,” said McMillion, according to a Reuters report. “I want to say: ‘Well, if we layer on $50 to $60 billion, would that count, in three years?”
A company presentation shown on screen at the event projected a sales increase of $45 billion to $60 billion in the next three years.
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For its most recently completed fiscal year, Wal-Mart reported $482.13 billion in total revenues.
Date: June 17, 2016