Walmart earnings, sales top expectations as company raises full-year forecasts-awdailynews

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2025-11-20

Walmart earnings, sales top expectations as company raises full-year forecasts

Walmart (WMT) reported profits and sales that topped forecasts on Thursday as the world’s largest retailer continues to see growth in an uncertain consumer environment that has challenged some of its key rivals.

The company reported adjusted earnings per share of $0.62, above the $0.60 that Wall Street analysts were expecting, according to data from Bloomberg. Revenue rose 6% from the prior year to $179.5 billion, above the $177.6 billion that had been expected.

Same-store sales at its US business also topped expectations, rising 4.5% against forecasts for a 4% rise. The company reported a 1.8% rise in foot traffic and a 2.7% rise in the average ticket at its US stores.

The company also raised its guidance for the fiscal year, saying it now expects net sales to increase in the range of 4.8%-5.1%, up from 3.75%-4.75% previously.

Walmart said its adjusted earnings are expected to fall in the range of $2.58-$2.63, up from the previous expectation of $2.52-$2.62. Its wholesale business, Sam’s Club, grew 3.8%, less than the 4.8% Wall Street predicted. Walmart’s global eCommerce sales rose 27% in the quarter.

The company also said it expects capital expenditures for the year to tally 3.5% of its net sales, the high end of a previous expectation for these costs to fall in a range of 3%-3.5% of its net sales.

Walmart stock fell about 2% in the initial reaction to the report.

“We’re gaining market share, improving delivery speed, and managing inventory well,” CEO Doug McMillon said in the release. Last week, McMillon shared plans to retire early next year with John Furner, the current Walmart US president, set to take the helm.

McMillon added Thursday, “It’s been an honor to serve them as CEO, and I’m as excited about the future of this company as I’ve ever been. John Furner is a fantastic leader with a proven track record.” Thursday is McMillon’s last quarterly report as CEO.

In the quarter, grocery sales were up low-single digits, which the company said was led by “price Rollbacks and delivery convenience” that led to unit volume growth and shared gains. In the US, grocery make up a majority of its sales, about 60%.

Health and wellness grew low-single digits led by pharmacy script counts. Digital merchandising also increased, up low-single digits, led by sales strength in fashion, home, and auto care, plus the company said consumers turned to its private label brands.

Walmart also announced that it would move its stock listing to the Nasdaq from the NYSE. It will continue to trade under the same ticker, WMT.