The event, which aimed to raise funds to combat hunger in the United States, was attended by thousands of Wal-Mart shareholders.
"I've wanted to come here for quite some time, actually, because the culture you have here is like no other," Cruise told the audience. "I truly admire your company. [It's] a role model for how business can address some of the biggest issues facing our world."
In addition, the "Oblivion" star took the opportunity to praise Wal-Mart for "using its size and scale to improve women's lives across the world."
Walmart, the largest employer of women in the United States, was involved in the largest class action gender discrimination lawsuit in history, Dukes vs. Wal-Mart in 2011. In the suit plaintiffs claimed the company discriminated against women in "promotions, pay and job assignment." The suit was dismissed by the Supreme Court in for technical reasons.
Wal-Mart spokesperson Dianna Gee told MSN that the celebrities who attended this year's event were not paid for their appearance or performances. Besides the announcements made by Cruise and Jackman, Kelly Clarkson, John Legend and Jennifer Hudson performed during the meeting.