Walmart's stock heads for a record after another earnings beat, as general merchandise sales turned positive.
Walmart Inc (NYSE:WMT, ETR:WMT) shares headed over 3% higher in pre-market trading on Tuesday after the discounter hiked guidance on better-than-expected third-quarter results. Revenue ticked up 5.5% to $169.6 billion over the three months to October, aiding a 13.7% increase in adjusted per-share earnings to $0.58, Walmart reported on Tuesday.
Zach Jonson, CIO of Stack Financial Management, calls Walmart a strong hold, citing its 4% sales growth, grocery dominance, and resilience in downturns.
The company, a bellwether for the retail industry, said its U.S. sales rose 5 percent in the third quarter, as cost-conscious consumers of all incomes sought bargains.
Walmart (WMT) reported better third-quarter fiscal 2025 results than analysts expected Tuesday morning as it registered growing sales and profits, sending its stock higher.
Walmart on Tuesday raised its annual sales and profit forecast for the third consecutive time, with people buying more groceries and merchandise online and at its stores, a sign that it may be gaining market share ahead of the holiday season.
Walmart's Q3 earnings preview: Analysts forecast EPS of $0.53 and revenue of $167.72B as inflation cools and holiday shopping trends take focus.
Walmart will report fiscal third-quarter earnings before the bell on Tuesday. The discounter will deliver its latest sales results and read on the U.S. consumer as retailers enter a crucial shopping season.
While Walmart's (WMT) stock has had a clear edge in terms of price performance, Target (TGT) shares have stood out in terms of valuation.
Walmart and Target will report earnings this week, providing fresh insight into how consumers are faring shortly after retail data indicated that Americans have been spending more on "fun" categories.
Walmart Inc WMT could serve as a bellwether for the health of U.S. consumers when the company reports third-quarter financial results on Tuesday, Nov. 19 before the market opens.
A few analysts raised the target price on the stock ahead of earnings.