BMO Capital on Walmart (WMT): '3Q Beat, but Not Enough for High Expectations Today'

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Go back to BMO Capital on Walmart (WMT): '3Q Beat, but Not Enough for High Expectations Today'

Walmart reports strong revenue growth of 5.2% with strength across segments; eCommerce up 15% globally; GAAP EPS of $0.17; Adjusted EPS of $1.53; Raises FY24 sales and Adjusted EPS guidance

November 16, 2023 7:02 AM EST

BENTONVILLE, Ark.--(BUSINESS WIRE)-- Walmart Inc. (NYSE: WMT):

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231115656675/en/

Third-quarter highlights:

Consolidated revenue of $160.8 billion, up 5.2%, or 4.3% in constant currency (cc) Consolidated gross margin rate up 32bps positively affected by a slight improvement for Walmart U.S. and timing of Flipkarts The Big Billion Days... More