Walmart Inc (NYSE:WMT) announced upbeat third-quarter results and raised its fiscal-2025 guidance on Tuesday.
The retailer reported adjusted EPS of 58 cents, beating the consensus of 53 cents. Sales were $169.59 billion, up 5.5% year over year or 6.2% (at constant currency), beating the consensus of $167.72 billion.
Doug McMillon, President and CEO, said, "In the U.S., in-store volumes grew, pickup from store grew faster, and delivery from store grew even faster than that. Our teams are executing and delighting our customers and members with the value and convenience they expect from Walmart."
For FY25, the big box retailer raised its adjusted EPS outlook to $2.42 – $2.47 (from $2.35 – $2.43), vs. the consensus of $2.45. Walmart boosted FY25 net sales (at constant currency) growth guidance to 4.8% – 5.1% from 3.75% – 4.75% earlier.
Walmart shares gained 3% to close at $86.60 on Tuesday.
These analysts made changes to their price targets on Walmart following earnings announcement.
- Telsey Advisory Group analyst Joseph Feldman maintained Walmart with an Outperform and raised the price target from $92 to $100.
- Baird analyst Peter Benedict maintained Walmart with an Outperform and increased the price target from $90 to $100.
Considering buying WMT stock? Here's what analysts think:
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