Zaid

He started working at Walmart as a teenager in the 1980s, unloading trucks at an Arkansas warehouse.

And he literally worked his way up from the warehouse floor to becoming the CEO of the company.

And when he took over, he focused on modernizing Walmart.

He doubled down on e-commerce by acquiring a company called Jet.com for $3 billion in 2016.

A lot of people at the time thought that was an overpay, and while Jet.com didn't really work out, it brought e-commerce talent into Walmart.

Jet.com founder Mark Lurie ran Walmart's e-commerce business and turned it into a fast-growing business that it is today.

But beyond the Jet.com acquisition, CEO Doug McMillan also invested billions of dollars in making Walmart's supply chain automated and tech-driven.

He also launched Walmart Plus, which was their answer to Amazon Prime, which is estimated to have over 25 million subscribers today.

but I think the best decision that he made was leveraging Walmart's physical stores.

A fun fact, 90% of Americans live within 10 miles of a Walmart.

So Doug McMillan spent billions of dollars to transform those 5,000 plus stores in the US into hyper-efficient distribution hubs to fulfill online orders.

And by doing that, that allowed Walmart to deliver orders within hours, not days, including groceries.

Walmart's footprint became a competitive advantage compared to Amazon, which lacked physical

I'll be honest with you guys, I subscribe to Walmart Plus and I get my groceries delivered from them weekly.

They're not paying me to say this, but if someone from Walmart is listening, my DMs are open.

So yeah, all that investment that Walmart made over the last decade in their e-commerce business and technology and improving their supply chain, it's all starting to pay off.

During Doug McMillan's tenure as CEO, e-commerce sales went from about $10 billion in 2014 to over $150 billion in 2025.

And that's not the only impressive stuff about Walmart's business.

So let's dive into the numbers.

Walmart stock has outperformed the S&P 500 and other major retailers over the past year.