Walmart CEO Doug McMillon just released his annual letter to shareholders - read it here

• Walmart released its annual report on Tuesday, showing that total revenue grew 3% to $514.4 billion in worldwide sales in the latest fiscal year.
• CEO Doug McMillon also talked about five lessons he has learned in his five years as Walmart's leader.
• Read the full letter below.
• Visit Business Insider's homepage for more stories.

Walmart released its annual report on Tuesday. It showed that the retailer's total revenue grew 3% to $514.4 billion in worldwide sales in the latest fiscal year.

Alongside the letter was CEO Doug McMillon's annual shareholder letter, where he shared Walmart's full-throated embrace of change, five leadership lessons he has learned in the five years he has been CEO, and a general roadmap for the company's future:

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