Ryan Turnbull at the Agriculture and Agri-Food Committee

On March 27th, 2023. See this statement in context.

March 27th, 2023 / 6:45 p.m.

Liberal

Ryan Turnbull Liberal Whitby, ON

Thanks, Chair.

Thanks to Mr. Gebara for being here today.

Thank you for your testimony.

I appreciated your opening testimony, and I want to follow up.

In your Canadian subsidiary, you mentioned that Walmart has over 400 stores operating in Canada. I note that online we can see that Walmart Inc., the global company, is reporting a net income that has increased significantly over the course of the pandemic. I would note that, in January 2019, your net income was $6.6 billion. That went up in 2020 over the course of the year to $14.8 billion, and then it started to decline gradually over the next two or three years.

I see the trend, and I want to ask you about the net income across your Canadian stores. Could you quickly give us some of those figures so we can understand whether it follows the same trend line?

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