New CEO Appointed at Walmart… Executives and Walton Family Sell Shares Worth Billions

John Furner, the newly appointed CEO of U.S. retail giant Walmart Inc. (NYSE: WMT), former CEO Doug McMillon, and the Walton Family Holdings Trust all sold shares in March.

Furner sold a portion of his holdings on March 19 for roughly $1.6 million (about KRW 2 billion), and McMillon disposed of around $2.4 million (approximately KRW 3 billion) on March 26 under a predetermined trading plan.

Between March 24 and 25, the Walton Family Holdings Trust sold about 3.27 million shares, generating nearly $400 million (around KRW 500 billion), yet it still holds over 500 million shares and remains the company’s largest shareholder.

In its fourth quarter of fiscal 2026, announced February 19, Walmart reported revenue of approximately $190.7 billion (about KRW 250 trillion), marking mid-single-digit year-over-year growth, though it issued conservative guidance for full-year sales and earnings . Around that same announcement, Walmart’s market capitalization surpassed $1 trillion, making it the first non-tech company to do so, even as Amazon reclaimed the No. 1 spot in U.S. annual sales .

Founded in the U.S. in 1962, Walmart is the world’s largest brick-and-mortar retailer. Leveraging a low-price strategy and large-format discount model, it generates over $700 billion (more than KRW 900 trillion) in annual revenue . The founding Walton family still holds a significant stake, and John Furner succeeded Doug McMillon as CEO in February 2026, overseeing global operations .