Today, Walmart released a strong Q3 earnings report.” In premarket trading, Walmart shares are up 4%.
Walmart’s Q3 highlights include:
Consolidated revenue of $169.6 billion, up 5.5% or 6.2%
The combined gross margin rate is up 21 bps, led by Walmart U.S.
Consolidated operating income is up $0.5 billion, or 8.2%, up 9.8%
Global eCommerce sales grew 27%, led by store-fulfilled pickup & delivery and marketplace.
Global advertising business grew 28%, including 26% for Walmart Connect in the U.S.
In a statement released to investors, Doug McMillon, Walmart’s President and CEO, said, “We had a strong quarter, continuing our momentum. Our associates are working hard to save people time and money and transform our business. Across markets, we continue to grow, and our newer businesses helped profits grow faster than sales while we worked to lower prices.”
The company performed strongly in the U.S. market due to price and convenience, “Walmart In the U.S., in-store volumes grew, pickup from store grew faster, and delivery from store grew even faster than that.” McMillion
The company’s CFO, John David Rainey said, “This quarter’s strong results, once again, show that more customers are choosing Walmart more often because of the investments we’ve made into our core omnichannel retail business to lower prices and provide greater levels of convenience. We’re executing on our strategy, and there is still much more opportunity ahead.”
Walmart adjusted its 2025 outlook, saying, it is investing in the future. The company expects sales to grow between 4.8% and 5.1% year over year.
By CEO NA Editorial Staff
