Walmart, on Tuesday, raised its outlook for the year after benefiting from increased spending on nonessential items and an uptick in pick-up and delivery orders.  The company – the largest U.S. retailer and a key indicator of U.S. consumer sentiment – forecast net sales to grow between 4.8% and 5.1%, up from its prior forecast of 3.75% to 4.75% sales growth.It also continues to get a significant boost from higher earners. "We had a strong quarter, continuing our momentum," Walmart CEO Doug McMillon said in ...

Walmart (WMT) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.51 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.43%. A quarter ago, it was expected that this world's largest retailer would post earnings of $0.65 per share when it actually produced earnings of $0.67, delivering a surprise of 3.08%.Over the last four quarters, the co ...

Walmart Inc. (WMT) is gearing up for its biggest shopping event of the year, the 'Black Friday Deals' event, starting Nov. 25 and running through Cyber Monday on Dec. 2. This week-long event offers unbeatable discounts across a wide range of popular categories, ensuring shoppers find the best deals of the season. The retailer is not only offering deep savings but also enhancing the shopping experience with exclusive perks for Walmart+ members and flexible delivery options to suit every shopper’s needs. Whet ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Walmart (WMT) reported better third-quarter fiscal 2025 results than analysts expected Tuesday morning as it registered growing sales and profits, sending its stock higher. The retail giant reported $169.59 billion in revenue, up from $160.80 billion a year ago and above the $167.72 billion analysts expected, according to Visible Alpha. Walmart's net income came in at $4.58 billion, or $0.57 per share, better than expectations of $4.25 billion and $0.53 per share, respectively. The company's e-commerce and ...

Revenue Growth - Consolidated revenue grew 5.5% to $169.6 billion, with operating income increasing 8.2% to $0.51 billion[4] - Net sales increased by 5.4% to $168,003 million for the three months ended October 31, 2024, compared to $159,439 million in the same period last year[19] - Total revenues grew by 5.5% to $169,588 million for the three months ended October 31, 2024, up from $160,804 million in the prior year[19] - Total revenues for the three months ended October 31, 2024, were $30.644 billion, an 8.0% increase year-over-year, and $169.588 billion for the nine months, a 5.5% increase[31] - Net sales for the three months ended October 31, 2024, were $30.277 billion, an 8.0% increase year-over-year, and $168.003 billion for the nine months, a 5.4% increase[31] eCommerce Performance - Global eCommerce sales grew 27%, driven by store-fulfilled pickup & delivery and marketplace[4] - Walmart U.S. comp sales increased 5.3%, with eCommerce sales up 22%[7][8] - Walmart International net sales grew 8.0% to $30.3 billion, with eCommerce sales up 43%[8][9] - Sam's Club U.S. net sales increased 3.9% to $22.9 billion, with eCommerce sales up 26%[11][12] Financial Performance - Operating income rose by 8.2% to $6,708 million for the three months ended October 31, 2024, compared to $6,202 million in the same period last year[19] - Consolidated net income attributable to Walmart surged by 910.4% to $4,577 million for the three months ended October 31, 2024, from $453 million in the prior year[19] - Basic net income per common share attributable to Walmart increased by 850.0% to $0.57 for the three months ended October 31, 2024, compared to $0.06 in the same period last year[19] - Consolidated net income for the nine months ended October 31, 2024, was $14.7 billion, up from $10.6 billion in the same period in 2023[23] - Walmart's operating income for the three months ended October 31, 2024, increased by 8.2% to $6.7 billion, compared to $6.2 billion in the same period in 2023[25] - Operating income for the three months ended October 31, 2024, was $1.204 billion, a 7.8% increase year-over-year, and $6.708 billion for the nine months, an 8.2% increase[31] - Adjusted operating income for the nine months ended October 31, 2024, was $21.744 billion, a 9.5% increase compared to the prior year[33] - Adjusted operating income in constant currency for the nine months ended October 31, 2024, was $21.808 billion, a 9.9% increase compared to the prior year[33] - Consolidated net income for the trailing twelve months ended October 31, 2024, was $20.41 billion, up from $16.40 billion in the same period in 2023[48] - Operating income for the trailing twelve months ended October 31, 2024, was $28.74 billion, compared to $25.32 billion in the same period in 2023[50] Cash Flow and Capital Expenditures - Operating cash flow increased $3.9 billion year-to-date to $22.9 billion, with free cash flow up $1.9 billion to $6.2 billion[6] - Net cash provided by operating activities for the nine months ended October 31, 2024, was $22.9 billion, compared to $19.0 billion in the same period in 2023[23] - Free cash flow for the nine months ended October 31, 2024, was $6.222 billion, an increase of $1.9 billion compared to the same period in the prior year[36] - Net cash provided by operating activities for the nine months ended October 31, 2024, was $22.918 billion, an increase of $3.9 billion compared to the prior year[36] - Capital expenditures for the nine months ended October 31, 2024, were $16.696 billion, an increase of $2.0 billion compared to the prior year[36] Inventory and Cost Management - Inventory decreased 0.6% to $63.3 billion while maintaining healthy in-stock levels[6][8] - Cost of sales increased by 5.1% to $127,340 million for the three months ended October 31, 2024, compared to $121,183 million in the same period last year[19] - Operating, selling, general and administrative expenses rose by 6.3% to $35,540 million for the three months ended October 31, 2024, from $33,419 million in the prior year[19] Membership and Advertising - Global advertising business grew 28%, including 26% growth for Walmart Connect in the U.S.[4] - Walmart U.S. gross profit rate increased 42 bps, with membership income up double-digits[8] - Membership and other income grew by 16.1% to $1,585 million for the three months ended October 31, 2024, up from $1,365 million in the prior year[19] Tax and Interest - Interest, net decreased by 11.0% to $478 million for the three months ended October 31, 2024, compared to $537 million in the same period last year[19] - Other gains and losses dropped by 97.2% to $132 million for the three months ended October 31, 2024, from $4,750 million in the prior year[19] - The reported effective tax rate for the three months ended October 31, 2024, was 22.7%, and 23.8% for the nine months[40] Asset and Investment Metrics - Walmart's total assets increased to $263.4 billion as of October 31, 2024, compared to $252.4 billion on January 31, 2024[21] - ROA increased to 7.8% for the trailing twelve months ended October 31, 2024, compared to 6.5% in the same period in 2023, driven by higher consolidated net income[46][48] - ROI rose to 15.1% for the trailing twelve months ended October 31, 2024, up from 14.1% in the same period in 2023, primarily due to increased operating income[46][50] - Average total assets for the trailing twelve months ended October 31, 2024, were $261.29 billion, up from $253.42 billion in the same period in 2023[48][50] - Average invested capital for the trailing twelve months ended October 31, 2024, was $292.67 billion, compared to $280.35 billion in the same period in 2023[50] - Total assets as of October 31, 2024, were $263.40 billion, up from $259.17 billion as of October 31, 2023[50] - Accumulated depreciation and amortization as of October 31, 2024, was $122.81 billion, compared to $118.12 billion as of October 31, 2023[50] - Accounts payable as of October 31, 2024, were $62.86 billion, up from $61.05 billion as of October 31, 2023[50] Comparable Sales Growth - Walmart U.S. comparable sales, excluding fuel, increased by 5.3% for the 13 weeks ended October 25, 2024, compared to 4.9% in the same period in 2023[26] - Sam's Club comparable sales, excluding fuel, increased by 7.0% for the 13 weeks ended October 25, 2024, compared to 3.8% in the same period in 2023[26] - Total U.S. comparable sales, excluding fuel, increased by 5.5% for the 13 weeks ended October 25, 2024, compared to 4.7% in the same period in 2023[26] Guidance and Future Expectations - Company raised FY25 guidance, expecting net sales growth of 4.8% to 5.1% and adjusted operating income growth of 8.5% to 9.25%[1][14] - Adjusted diluted earnings per share (Adjusted EPS) for the three months ended October 31, 2024, was $0.58, and $1.84 for the nine months[40]

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Third-quarter results from retail giants Walmart (WMT)  and Target (TGT)  will be a highlight of this week’s earnings lineup.  Both omnichannel retailers are expected to post sound quarterly growth with Walmart and Target set to release their Q3 reports on Tuesday, November 19, and Wednesday, November 20, respectively.   Walmart Q3 Expectations Based on Zacks estimates, Walmart’s Q3 sales are expected to be up 4% to $167.49 billion. On the bottom line, Walmart’s Q4 EPS is projected to increase 4% as well to ...

The world's largest brick-and-mortar retailer — Walmart (WMT) — is scheduled to report its third-quarter fiscal 2025 results on Nov. 19, before market open. Let’s take a closer look at its fundamentals ahead of the earnings release.Walmart has gained 14.3% over the past three months, outperforming the Zacks industry average growth of 9.1%. The outperformance is likely to continue if Walmart comes up with an earnings beat (read: Retail ETFs in Focus Ahead of Big-Box Q3 Earnings). This has put ETFs having a s ...

Walmart Inc. (WMT) is likely to register top and bottom-line growth when it reports third-quarter fiscal 2025 earnings on Nov. 19. The Zacks Consensus Estimate for revenues is pegged at $167.5 billion, implying a 4.2% increase from the prior-year quarter’s reported figure. The consensus mark for earnings has remained unchanged in the past 30 days at 53 cents per share, indicating 3.9% growth from the figure reported in the year-ago quarter. WMT has a trailing four-quarter earnings surprise of 6.9%, on avera ...