"Walmart, the biggest retailer in the United States, announced strong financial results, helped by its e-commerce and advertising business. The company's revenue jumped by 5.8% in the third quarter to $179.5 billion, higher than what analysts were expecting. Its e-commerce business rose by 27%, while the advertising segment soared by 53%. Walmart US's revenue rose by 5.1% to $120 billion, with most of the growth coming from its e-commerce business and its other key divisions like grocery, health & wellness, and general merchandise."
"These results showed that the company's business continued to thrive during the new normal of Donald Trump's tariffs. He has added a minimum tariff of 15%, with some countries like South Africa, Brazil, and India paying a higher levy. Historically, Walmart has navigated major crises well because of its scale and regional presence. Its scale makes it easier to negotiate with its suppliers. It is also beloved by customers because it is usually cheaper than other companies."
Walmart shares rose over 6.5% to $107, approaching the all-time high of $110, after a strong earnings report. Consolidated revenue increased 5.8% to $179.5 billion in the third quarter, with e-commerce up 27% and advertising up 53%. U.S. revenue rose 5.1% to $120 billion led by e-commerce, grocery, health & wellness, and general merchandise. International revenue climbed 10% to $33.5 billion, largely due to Flipkart. Tariff changes, including a minimum 15% tariff, are in effect for some countries. Management projects higher annual revenue and expects adjusted operating income near $29.5 billion.
Read at TalkMarkets
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