Sam’s Club and International Sales Drive Walmart’s (WMT) Third-Quarter Success, Truist Maintains Buy Rating

Core Insights - Walmart Inc. ranks among the best performing retail stocks in 2025, with Truist Securities raising its price target to $119 from $109 while maintaining a Buy rating [1] Financial Performance - Walmart reported U.S. comparable sales growth of 4.5%, Sam's Club growth of 3.8%, and overseas sales growth of 11% on a constant currency basis [1] - Grocery comparable sales rose in the low single digits, below the mid-single-digit estimate, primarily due to last year's egg inflation [2] - Advertising revenue in the U.S. increased by 33%, contributing to robust margins and substantial growth in other income streams [3] Company Overview - Walmart is the world's largest brick-and-mortar retailer, operating over 100,000 stores across various sectors, including Walmart US, Walmart International, and Sam's Club [3] - The company offers a wide range of products, including clothes, electronics, and home furnishings [3] Strategic Insights - Walmart addressed concerns regarding artificial intelligence investments, indicating a preference for utilizing hyperscalers' capital expenditures rather than initiating its own AI investment cycle [2]