Walmart posts solid Q3 gains with stronger revenue and profit lift

Walmart’s Q3 results exceeded expectations with higher revenue, profit growth and stronger comparable sales, prompting the company to upgrade its full-year guidance.

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Walmart posts solid Q3 gains with stronger revenue and profit lift

Walmart posts solid Q3 gains with stronger revenue and profit lift
Walmart delivered a strong Q3 performance with revenue rising to $152 billion, about 3% above expectations. Net income increased 5% to $5.6 billion, supported by growth in grocery and eCommerce. Comparable sales advanced 4.1%, reflecting stable consumer spending. The retailer also raised its full-year outlook as digital demand and supply chain efficiencies continued improving across core categories.
Companies:
  • Walmart
Tags:
  • Walmart
  • earnings