Walmart Lifts Revenue and Profit Forecasts Amid Strong Sales Growth
Nov/20/2024
Walmart has once again raised its full-year revenue and profit outlook, buoyed by robust demand for groceries and merchandise across both its physical stores and online platform. For fiscal 2025, the retail giant projects consolidated net sales growth of 4.8% to 5.1% and adjusted earnings per share between $2.42 and $2.47. In the third quarter, Walmart’s revenue climbed 5.5% to $170 billion, while operating profit rose 8% to $6.7 billion, surpassing expectations. Chief Financial Officer John David Rainey noted year-over-year growth in general merchandise sales for the second consecutive quarter, despite consumers’ cautious spending on discretionary items due to rising grocery prices. As U.S. retailers, including Walmart, Amazon, and Target, launched holiday discounts earlier than usual, Walmart is among the first to provide insights into consumer behavior during this critical shopping season, which comes amid easing inflation. The following chart highlights Walmart’s net sales worldwide from fiscal year 2008 to 2024, categorized by division, underscoring its consistent growth trajectory.
