Consumer demand strong driving Q3 performance beyond expectations Walmart Inc. (WMT.US) raises full-year financial guidance.

On November 19 (Tuesday) before the US stock market opened, American retail giant Walmart Inc. (WMT.US) announced its financial performance for the third quarter of fiscal year 2025. The financial report showed that Walmart Inc. had Q3 revenue of $169.588 billion, a year-on-year increase of 5.5%, exceeding the analyst's general expectation of $167.49 billion. Among them, net sales were $168.003 billion, a 5.4% year-on-year increase; membership and other revenue were $1.585 billion, a 16.1% year-on-year increase. Operating profit was $6.708 billion, an 8.2% year-on-year increase; adjusted earnings per share were $0.58, exceeding the analyst's general expectation of $0.53. By region, net sales in the US region were $114.9 billion, a 5.0% year-on-year increase; same-store sales (excluding fuel) increased by 5.3%, which was better than the analyst's general expectation of 3.7%. Net sales in the international region were $30.3 billion, an 8.0% year-on-year increase. Although average transaction growth is slowing down, customers are buying more each time, driving sales growth. This growth is largely driven by high-income households with annual incomes above $100,000. Walmart Inc. Chief Financial Officer John David Rainey said that overall, shoppers are being selective, but they continue to consume at a steady pace. Looking ahead, Walmart Inc. expects net sales for fiscal year 2025 to increase by 4.8% -5.1%, previously expected to increase by 3.75% -4.75%; it is expected that adjusted operating profit will increase by 8.5% -9.25%, previously expected to increase by 6.5% -8.0%; and it is expected that adjusted earnings per share will be $2.42-2.47, previously expected to be $2.35-2.43. John David Rainey said that Walmart Inc.'s upward revision of its full-year performance expectations mainly reflects the strong performance in the third quarter, and he expects a slight increase in performance in the next quarter. As of the time of writing, Walmart Inc. was up nearly 4% in pre-market trading on Tuesday.