Theo Eckert-Budis ‘22 pitched Walmart Incorporated (NYSE: WMT) on May 2, 2022. Walmart Incorporated is a retail and wholesale business that operates discount superstores around the world. The company is headquartered in Bentonville, Arkansas, but its operations span much further. The company sells a variety of products that can be grouped into four major categories: groceries, consumables, merchandise, and pharmacy services. Walmart has 5,342 stores in the United States and 5,251 stores internationally. Walmart is the world’s largest company in terms of revenue, with a total of $559 billion in 2021. Theo highlighted Walmart has seen substantial growth in its eCommerce business and membership income over the past two years. Theo also discussed Walmart’s strong price management practices, which are crucial in a high inflationary environment. With growing concerns about an economic recession, Theo showed Walmart’s strong outperformance during the past two recessions. The class voted to purchase 100 shares of Walmart and sell 40 shares of XLP. The rest of the purchase was funded with the portfolio’s excess cash.