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Walmart Earnings Beat Expectations, Stock Spikes to New Highs

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Retail giant Walmart (WMT) reported stronger-than-expected third-quarter earnings on Thursday, driven by strength in its e-commerce business. Shares are soaring to new highs.
Here were the main numbers compared to Bloomberg consensus forecasts:

  • Revenue: $127.99 billion vs. expectations of $128.67 billion
  • Adjusted EPS: $1.16 vs. expectations of $1.09
  • Walmart U.S. comp-store sales (excluding gas): 3.2% vs. expectations of 3.1%
  • Walmart U.S. e-commerce sales: up 41%

The closely followed comp sales number came in at 3.2%, versus expectations of 3.1%, driven by both customers visiting more and spending more during those visits. During the quarter, comp transactions increased 1.3% and the ticket was up 1.9%.

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