Walmart’s stock has quadrupled since outgoing CEO Doug McMillon took over in 2014, outperforming rivals like Target, Dollar General, and Kroger. McMillon oversaw a period of significant growth, including wage hikes and e-commerce expansion. Walmart’s annual revenue has jumped 40% during his tenure, with expected revenues over $700 billion this year. Amazon surpassed Walmart in quarterly sales earlier this year for the first time. Target is preparing for a leadership change in February, with Michael Fiddelke taking over as CEO. Costco saw steeper share gains than Walmart, while Kroger and Albertsons lagged behind. Dollar stores Dollar Tree and Dollar General fell short of Walmart’s stock performance. Walmart’s stock remained flat after the retirement announcement, climbing about 13% this year.
Read more at CNBC: Walmart Doug McMillon stock performance vs. Target, Amazon, Costco
