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Walmart Tops Q3 Forecasts, Lifts Outlook on E‑Commerce Surge

Digital channels powered the beat, reflecting higher‑income shoppers trading down for value.

Overview

  • Revenue rose 6% to $179.5 billion and adjusted EPS hit $0.62, with U.S. comparable sales up 4.5% on gains in traffic and ticket size.
  • Management raised full‑year targets to 4.8%–5.1% net sales growth and $2.58–$2.63 in adjusted EPS.
  • Global e‑commerce advanced about 27% as advertising and marketplace revenue expanded sharply, supporting efficiency gains in delivery and fulfillment.
  • Executives said higher‑income households drove much of the share gains while lower‑income spending moderated, highlighting widening affordability pressures.
  • Walmart will move its stock listing to Nasdaq on Dec. 9 and plans a CEO handoff to John Furner after Doug McMillon departs at January’s end.