Walmart raises guidance after another strong earnings report ahead of the holiday season

Published On Nov 19, 2024, 10:40 AM

Walmart has released strong third-quarter earnings, surpassing market expectations with sales of $169.59 billion and adjusted earnings per share of $0.58. The company raised its full-year guidance, projecting sales growth of 4.8% to 5.1%, driven by significant increases in e-commerce and foot traffic. The grocery category performed well, contributing to overall sales, while Walmart's membership and advertising segments also showed growth. This positive performance has led to a notable increase in Walmart's stock price, which rose over 4% following the earnings report.

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Walmart's strong earnings report and raised guidance point to continued growth, particularly with the holiday season approaching. Their strategy in e-commerce and groceries seems to resonate well with consumers, creating a robust business outlook.

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