Today, Walmart employs about 2.1 million associates. The vast majority of our management team started as an hourly, just like I did. If you walked around here, not just here in Arkansas, but around our company, you would find a lot of people with more than 20 years of service, and you'd find a lot of people who've joined the company to climb up the ladder and create opportunities for themselves.

I bet you that over time, because we come up with new ideas to grow sales, we end up with about the same number of people making more money.

Today, we still have more than 300,000 U.S. associates who were with us since 2015 and are now leading teams, running stores and clubs, and continuing to grow their careers. Their stories are a reminder that when people are given opportunity, they make the most of it - and a culture of opportunity creates a cycle where happy associates lead to happy customers and members, and vice versa.

Until we're serving humanoid robots and they have the ability to spend money, we're serving people. We're going to put people in front of people.

There are all these things that add up into this business that's Walmart that keeps it really interesting. At the root of it all, though, it's a people business and it's a merchandising business. Today, it's increasingly a technology business. The supply chain is critical, of course, and real estate still plays a key role.

I've drank all the Kool-Aid and am completely convinced that Walmart should be here for the next generation of retail, because we're so wired to fulfill our purpose of helping people save money and live better.