Edward Kelly: Thank you.
Operator: Our next question is from the line of Peter Benedict with Baird. Please proceed with your question.
Peter Benedict: Hi, guys. Good morning. Thanks for taking the question. Just GLP-1 just came up here in that last question, just curious. We hear it’s a thing, maybe expand on maybe what you’re seeing there, how it’s impacting your business currently and what you see for that going forward. Thank you.
Doug McMillon: Hey, Peter. Good morning. Thanks for the question. No, it’s still early to — and time will tell how this affects the customer and affects the business. As we said before, we’re seeing some shifts in categories, but right now, we really don’t have anything else to add above and beyond what we’ve said in the past.
Peter Benedict: Okay. Fair enough. Thank you.
Operator: Thank you. Our final question is from the line of Seth Sigman with Barclays. Please proceed with your question.
Seth Sigman: Hey. Good morning, everyone. I wanted to follow up on the consumer. I know it was discussed quite a few times today, but you guys, throughout the year have discussed a number of different signals of sensitivity, buying more around paycheck cycles, seeking more value, coming up with a promotional event. So just curious if you could provide a little bit more perspective on that and maybe more specifically what you are seeing in terms of market share across income cohorts. Thank you.
Doug McMillon: Yeah for Walmart U.S. specifically, John, as it relates to share.
John Furner: Yeah. Good. Thanks for asking, Seth. We’ve been pleased to see share growth all year, and we’ve talked about that across income groups. And what’s been encouraging as of late is a bit higher share growth in general merchandise categories. We saw that month by month throughout the third quarter.
Doug McMillon: I don’t know that we have a lot more to add on the consumer than what we’ve already said. I think we covered it. We’re well positioned and I think our value proposition across categories and the way we’re serving people, which helps them save time as well as save money, causes us to feel good about our position for the quarter. We get a lot of questions about what’s happening in the U.S. economy and other economies and what’s happening with the consumer, and we feel compelled sometimes to try and help explain what we’re seeing. But to be clear from our point of view, we are front-footed, offensive, and feeling good about our opportunities. Stores and clubs look good. So that’s the way we’re thinking about the quarter.
Seth Sigman: Okay. Thank you.
Doug McMillon: Yeah. I’ll just wrap up here. We’ve gone a little over time. I’m as excited as I have been. We’re executing our plan. We’ve got a good plan. Customers and members are choosing us, and I think they have been choosing us not only because of price leadership, which they can count on and we will continue but also because we’re making it easier to shop with us. Our MPS scores in stores and clubs are encouraging. Our MPS scores as they’re improving across pickup and delivery, are encouraging. We just want to save people money and time and make this easy and help them have a great holiday season. And I think as it relates to the top line, we can continue to expect that we will outperform and do well. And as it relates to operating income growth, we’ll grow it faster than sales over time because we’ve got this really good automation plan.
The metrics that John David outlined when we started the call are really encouraging. We continue to feel very good about what that’s going to mean for our business. And then as it relates to the business mix, having e-commerce grow so much across our segments is awesome and encouraging. And as a reminder, that’s a combination of first and third party. And as we grow with our suppliers and also with our marketplace sellers, we get those opportunities to serve them with ads, to serve them through fulfillment services, to monetize our data in different ways. So the business model change will continue, which will enable that operating income growth to help us improve returns over time. So we’re antsy about Christmas every year. This is my 33 year and I feel like it’s a bit of a rerun in that it seems like we’re always talking about customers being price-conscious, and we always will be.
And they’re always looking for the hot toy and the right gift for Christmas. And they’ll come buy food for us for Thanksgiving and for the Christmas meal. And then New Year’s will come, and we’ll have clearance prices after Christmas, and we’ll have a strong January because customers will react to clearance at least the first couple of weeks when that’s happening. And we’ll update you on the fourth quarter and tell you how it went. But we feel really good about our position and excited about executing this plan and appreciate your ongoing support and interest in our company.
Operator: Thank you. This concludes today’s conference. You may disconnect your lines at this time and thank you for your participation.
