Walmart's Q3 Earnings Soar with Strong eCommerce and High-Income Shoppers
TL;DR Summary
Walmart's shares rose after the company reported strong third-quarter earnings, with adjusted EPS of 58 cents beating expectations. Revenue increased by 5.5% year-over-year to $169.59 billion, driven by a 27% rise in global eCommerce sales and a 28% growth in its advertising business. The company also raised its fiscal 2025 guidance, projecting higher adjusted EPS and net sales growth. Walmart's U.S. same-store sales grew by 5.3%, and Sam's Club saw a 7% increase, excluding fuel. The retailer ended the quarter with $10 billion in cash and equivalents.
- Walmart Q3 Earnings: Revenue Beat, eCommerce Growth Shines, Issues Bullish Outlook For FY25 Benzinga
- Walmart's earnings report shows an upbeat consumer Axios
- Walmart keeps growing with shoppers making more than $100,000 a year CNN
- Walmart hikes its outlook again as shoppers spend more outside the grocery aisles CNBC
- Walmart Releases Q3 FY25 Earnings Walmart Corporate
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