โ
๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Adj. EPS: $0.81 (Est. $0.74) โ
โข Revenue: $187.9B (Est. $186.82B) โ
โข Operating Income: +28.8% YoY; Adj. +17.4% CC.
โข Walmart U.S. Comp Sales: +2.6%.
โข Global eCommerce Sales: +23%.
โข Global Advertising: +38%.
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐
โข Q3 Adj. EPS: $0.62โ$0.64 (Est. $0.68) โ
โข Q3 Net Sales Growth: +3.0% to +3.75% CC.
โข FY2027 Adj. EPS: $2.80โ$2.87 (Est. $2.90) โ ๏ธ; raised from $2.75โ$2.85.
โข FY2027 Net Sales Growth: +4.0% to +5.0% CC, raised from +3.5% to +4.5%.
โข FY2027 Adj. Operating Income Growth: +7.0% to +8.5% CC, raised from +6.0% to +8.0%.
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๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Revenue increased 5.9% YoY to $187.9B, while Adj. EPS beat consensus by roughly 9%.
โข Global eCommerce grew 23%, including +24% at Walmart U.S. and +26% at Samโs Club U.S., while global advertising surged 38%.
โข Gross margin expanded 96 bps, helped by tariff refunds, partly offset by price investments; Walmart plans to prioritize remaining tariff refunds toward further price investments.
โข Walmart raised its FY2027 sales, Adj. operating income and Adj. EPS outlook, although the new EPS range remains slightly below consensus.
โข Q3 Adj. EPS guidance of $0.62โ$0.64 is below the $0.68 estimate, while sales face a >100 bps headwind from the timing shift of Flipkartโs Big Billion Days.
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๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โOur business model is only getting stronger and more durable, and weโre pleased to raise our guidance for the year.โ