CEO McMillon says Walmart represents about 2% of market for firearms today
In the company's Q1 earnings commentary, President and CEO Doug McMillon said Walmart is "thinking through the broader issues related to gun violence and things we should do to help create safer communities." McMillon said Walmart: Stopped selling handguns in every state but Alaska in the mid 90s, stopped selling military-style rifles such as the AR-15 in 2015, raised the age limit to purchase a firearm or ammunition to 21 in 2018. He said Walmart only sells a firearm after receiving a "green light" on a background check, while federal law only requires the absence of a "red light" after three business days and said "We don't sell a firearm until we receive a "green light" regardless of the time period." He added that "We videotape the point of sale for firearms, only allow certain associates to sell firearms, and secure firearms in a locking case with individual locks, among other measures." McMillon estimated that Walmart represents about 2% of the market for firearms today, which he believes places it outside at least the top three sellers in the industry, and says Walmart has about a 20% share of ammunition. "we believe there authorization of the Assault Weapons ban should be debated to determine its effectiveness in keeping weapons made for war out of the hands of mass murderers," McMillon said.