Locate and post a link to a recording of the most recent earnings call, earnings transcript, or to a press release from a company you are personally interested in. You can find these on the investor relations section of their website.
How did the CEO and/or CFO present the company in a positive light and address concerns and questions?
What did they say that demonstrated the competence of the senior leadership team and the company’s strategy to manage risks and drive growth?
Include at least two specific examples to support your response.
Reflect on your Week 1 Discussion response. Share what you learned since then. How has your own circle of competence in finance grown?
Post your initial response by Wednesday, midnight of your time zone, and reply to at least 2 of your classmates’ initial posts by Sunday, midnight of your time zone.​

1st person to respond to

Deb

Hello JP and Classmates:

Locate and post a link to a recording of the most recent earnings call, earnings transcript, or a press release from a company you are personally interested in. You can find these on the investor relations section of their website.
How did the CEO and/or CFO present the company in a positive light and address concerns and questions?
Doug McMillion, President and the CEO of Walmart Corporation, talked about we’re pleased to see more customers choosing Walmart during the inflationary period, and how they are working very hard to support them as they prioritize their spending. (https://corporate.walmart.com/newsroom/2022/08/16/walmart-releases-q2-fy23-earnings#).
The actions that were taken to improve inventory level in the U.S., and with a heavy mix of grocery sales have put pressure on the profit margin for Q2, and the outlook for the year.

They are continuing to build on their strategy to expand our digital businesses, including continued strength, and they can see it in international markets.

What did they say that demonstrated the competence of the senior leadership team and the company’s strategy to manage risks and drive growth?
Include at least two specific examples to support your response.
Walmart continues to build on its strategy, expand its digital businesses, and continue its strength. Walmart’s strategy drive growth and sustainable returns plan $ 20 billion share repurchases program over two years.

(https://corporate.walmart.com/newsroom/2015/10/14/walmart-strategy-drives-growth-and-sustainable-returns-plans-20-billion-share-repurchase-program-over-two-years).

Reflect on your Week 1 Discussion response. Share what you learned since then. How has your circle of competence in finance grown?
I have learned the CFO position and what it takes to get there, planning, operations, financial information, risk management, and financing. The differences between CFO and the controllers and their job descriptions. The controller is responsible for the details of daily operations, and the accounting department. The CFO has a much broader and higher-level role and is responsible for planning, finances, risk management, and several areas.