Walmart Inc. has reported strong financial results for the third quarter, surpassing analysts" expectations in both sales and earnings.
The retail giant achieved sales of USD 169.6 billion, marking a 5.5% increase compared to the same quarter last year. Earnings per share (EPS) rose by 13.7% to USD 0.58, and the gross margin increased by 21 basis points to 24.2%.
Walmart"s e-commerce segment recorded a sales growth of 27%, highlighting the importance of online retailing in its overall strategy. Internationally, Walmart"s operations showed strong performance, with a 12.4% increase in sales on a currency-adjusted basis.
Walmart has revised its financial forecasts for the 2025 fiscal year, expecting higher earnings per share and sales growth.
The market has reacted positively to these results, with Walmart shares rising by more than 3% in pre-market trading. Analysts maintain a "Buy" recommendation on Walmart shares, citing the company"s strategic initiatives and market positioning.