Walmart Inc.
Q3 2023 Earnings Call
Nov 15, 2022, 8:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Greetings. Welcome to Walmart's fiscal year 2023 third quarter earnings call. [Operator instructions] The question-and-answer session will follow the formal presentation. [Operator instructions] Please note, this conference is being recorded.
I'll now turn the conference over to Steph Wissink, senior vice president, investor relations. Steph, you may begin.
Steph Wissink -- Senior Vice President, Investor Relations
Thank you. Welcome to Walmart's third quarter fiscal 2023 earnings call. I'm joined by members of our executive team, including Doug McMillon, Walmart's president and CEO; John David Rainey, executive vice president and chief financial officer; John Furner, president and CEO of Walmart U.S.; Judith McKenna, president and CEO of Walmart International; and Kath McLay, president and CEO of Sam's Club. In a few moments, Doug and John David will provide you an update on the business and discuss third quarter results.
That will be followed by our question-and-answer session. Before I turn the call over to Doug, let me remind you that today's call is being recorded and will include forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially from these statements. These risks and uncertainties include, but are not limited to, the factors identified in our filings with the SEC.
Please review our press release and accompanying slide presentation for cautionary statement regarding forward-looking statements, as well as our entire safe harbor statement and non-GAAP reconciliations on our website at stock.walmart.com. It is now my pleasure to turn the call over to Doug McMillon.
Doug McMillon -- Chief Executive Officer
Good morning, everyone, and thanks for joining us to discuss our results for the third quarter. Let me highlight what you'll hear from us this morning. First, it was a good quarter. We delivered strong results on the top line across our segments and our value proposition is resonating with customers and members around the world.
We see this in our grocery business, in stores and online, in key markets like the U.S. and Mexico. Customers that came to us less frequently in the past are now shopping with us more often, including higher-income customers. Second, we're being thoughtful and balanced about inventory levels by category and expenses as we work through the fourth quarter and position ourselves for next year.