Risks, Factors and Uncertainties Sp

Risks, Factors and Uncertainties Specifically Relating to Our
Operations in Any or All of the Markets in which We Operate
• our historical financial performance, including our U.S. and Walmart
International cash flows, for one or more periods or historical financial
position as of one or more dates completed or occurring after the date
the pertinent forward-looking statement is made;
• the cost of the goods we sell;
• the availability, at an acceptable cost, of adequate supplies of consistent,
high-quality produce from suppliers in the local markets in which we
operate;
• the availability of persons with the skills and abilities necessary to meet our
needs for managing and staffing our operations, including to manage and
staff new and relocated units;
• the mix of merchandise we sell globally or in one or more of the markets
in which we operate;
• the size of and turnover in our hourly workforce;
• our selling prices of gasoline and diesel fuel;
• cyberattacks on our information systems, including any of those used
to operate our e-commerce websites and our information security
costs and any costs and liabilities we would incur as a result of a
successful cyberattack;
• disruption in the availability of our e-commerce websites and mobile
commerce applications;
• the availability of attractive opportunities for investment in retail
operations in the markets in which we currently operate and in new
markets and for investment in digital retail acquisitions and initiatives;
• disruption in our supply chain, including of the availability and transport
of goods from domestic and foreign suppliers to our stores and other
facilities;
• the mix of our earnings from our U.S. and operations in one or more of
the markets in which we operate;
• the amounts of our net sales and expenses for a period denominated
in particular currencies other than the U.S. dollar;
• changes in our assessment of certain tax contingencies, increases or
decreases in valuation allowances, outcome of administrative audits,
the impact of discrete items on our effective tax rate and the resolution
of other tax matters;
• developments in and the outcome of legal and regulatory proceedings
to which we are a party or are subject and the expenses associated
therewith;
• the requirements for expenditures in connection with the FCPA-related
matters;
• unanticipated changes in operating philosophy, plans and objectives;
• availability and the cost of acceptable building sites for new and relocated
stores, clubs and other facilities;
• real estate, zoning, land use and other laws, ordinances, legal restrictions
and initiatives that may prevent Walmart from building, or that impose
limitations on Walmart’s ability to build new units in certain locations or
relocate or expand existing units;
• availability of necessary utilities for new or expanded units; and
• availability of skilled labor and labor, material and other construction
costs in areas in which new or relocated units are proposed to be constructed
or existing units are proposed to be expanded or remodeled.