FMP

FMP

Enter

Walmart Surges 3% on Strong Q3 Results and Upgraded Annual Outlook

-

twitterlinkedinfacebook
blog post cover photo

Image credit: FMP

Walmart (NYSE:WMT) shares climbed 3% on Tuesday after the retail giant reported better-than-expected third-quarter results and raised its annual earnings guidance, highlighting continued momentum in its core markets.

The company posted adjusted earnings per share (EPS) of $0.58 for the quarter, surpassing the consensus estimate of $0.53. Revenue rose to $169.6 billion, exceeding analyst expectations of $167.67 billion. Strong comparable sales performance in the US, excluding fuel, played a significant role in the quarter’s success. Total US comparable sales grew 5.5%, beating the 3.8% estimate.

Walmart’s US store sales increased by 5.3%, outpacing the 3.73% projection, while Sam’s Club US comparable sales surged 7%, surpassing the anticipated 4.22% growth. The company also noted robust growth across its fulfillment channels, with in-store volumes expanding, and store pickup and delivery growing at even faster rates.

Building on this strong performance, Walmart raised its fiscal 2025 EPS guidance to a range of $2.42 to $2.47, up from the prior forecast of $2.35 to $2.43, aligning with the consensus estimate of $2.45. The company also revised its expectations for net sales growth to 4.8% to 5.1% and projected adjusted operating income growth, excluding currency fluctuations, of 8.5% to 9.25%.

Other Blogs

May 14, 2024 11:41 AM - Sanzhi Kobzhan

The easiest way to calculate stock’s target price and why the target price is important.

A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...

blog post title

May 24, 2024 9:30 AM - Rajnish Katharotiya

How to Access and Analyze Earnings Call Transcripts

Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...

blog post title

May 27, 2024 3:30 PM - Rajnish Katharotiya

The best 5 GPU stocks other than NVDA

In the ever-evolving world of technology, certain sectors have consistently demonstrated exceptional growth and innovation. The graphics processing units (GPUs) industry is one such sector, offering investors a golden opportunity for potentially high returns. In this blog, we'll delve into why inves...

blog post title
FMP

FMP

Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
twitterlinkedinfacebookinstagram
2017-2024 © Financial Modeling Prep