Walmart Stock Earnings Reports

Walmart reported a strong Q3: enterprise sales grew 6.1% (constant currency) and operating profit rose 9.8%, driven by accelerated eCommerce (up 27%), advertising (+28%) and membership income (+22%). All three segments performed well—Walmart U.S. comps +5.3% (eCommerce +22%), Sam’s Club comps ex-fuel +7% (eCommerce +26%), and International sales +12.4% (eCommerce +43%). Management raised full‑year guidance: sales growth now expected 4.8%–5.1% (constant currency), operating income growth 8.5%–9.25%, and adjusted EPS $2.42–$2.47. Key operational improvements: global eCommerce losses continue to narrow (notably U.S.), U.S. net delivery cost per order has fallen ~40% for three consecutive quarters, >50% of fulfillment center volume is automated, and store‑fulfilled delivery density and paid expedited orders are increasing. Management called out inventory in good shape, margin pressure from GLP‑1 pharmacy mix, meaningful community response costs from hurricanes and a U.S. port strike, and FX headwinds to reported growth. Strategic highlights include rapid marketplace expansion (Marketplace +42%), growing Walmart Connect advertising, membership growth (Walmart+ and Sam’s), new club formats (checkoutless tech), and early but tangible benefits from generative AI (internal “My Assistant” adoption). Overall, Walmart says its evolving, more diversified profit mix is enabling investments in price and wages while still delivering operating income growth faster than sales.