Walmart US posts grocery, e-commerce growth

Core Insights - Walmart U.S. grocery category experienced low single-digit comparable sales growth in Q3, primarily driven by fresh and pantry items [3] - The company reported a like-for-like grocery inflation of approximately 130 basis points, a decrease of about 20 basis points from the previous quarter [3] Pricing and Promotions - Walmart's Thanksgiving meal deal, offering meals for 10 people at under $4 each, is part of its strategy to promote affordability during the holiday season [4] - The price of Butterball turkeys is set at 97 cents per pound, marking the lowest price since 2019 [4] Impact of Tariffs - Earlier concerns regarding tariffs increasing the cost of goods have not materialized, with less impact observed than initially expected [5][6] - The only significant price pressure noted is in the beef category, influenced by commodity prices and herd size cycles [6] E-commerce Growth - Grocery e-commerce sales grew by double digits, reflecting strong customer demand for delivery convenience [6] - E-commerce orders fulfilled in stores increased nearly 50%, with a third of those orders completed in three hours or less [7] - Expedited deliveries rose by 70% during the quarter, reaching 95% of U.S. households [7] Store Expansion and Membership Growth - Walmart opened two supercenters and two Neighborhood Markets in the U.S. and completed around 280 store remodels in Q3 [8] - The Walmart+ membership program saw double-digit growth in fee income in the U.S. [8] Sales Performance - Walmart's U.S. comparable-store sales excluding fuel rose by 4.5% in Q3 of fiscal year 2026, driven by increased transactions and unit volumes [9] - The company achieved its seventh consecutive quarter of e-commerce growth above 20% [9] - Approximately half of the 7,400 temporary price reductions currently in place are related to food items, as Walmart continues to focus on affordability [9]