"The retail landscape continues to evolve as economic pressures reshape consumer behavior, and Walmart has emerged as a surprising beneficiary of these changes. The company reported stronger-than-anticipated results for its fiscal third quarter, revealing a significant shift in its customer base that includes an increasing number of high-income households seeking value amid persistent inflation. The Arkansas-based retailer exceeded Wall Street expectations with adjusted earnings of 62 cents per share against projections of 60 cents, while revenue climbed to $179.50 billion, surpassing the expected $177.43 billion."
"These affluent shoppers have been drawn not only by competitive pricing but also by improved store experiences and enhanced delivery capabilities. The company now delivers to approximately 95% of American households within three hours from its stores, a logistical achievement that has resonated with time-conscious consumers regardless of income level. Approximately one-third of online orders are now expedited to arrive within one- or three-hour windows, with revenue from these faster delivery services jumping 70% year over year."
Walmart posted stronger-than-expected fiscal third-quarter results with adjusted earnings of 62 cents per share versus projections of 60 cents, and revenue of $179.50 billion versus $177.43 billion expected. Net income rose to $6.14 billion, or 77 cents per share, from $4.58 billion a year earlier. The company raised its full-year sales forecast to 4.8%–5.1%, up from 3.75%–4.75%, marking the second consecutive upward revision. The retailer attracted customers across income brackets, with notable gains among upper-income households driven by competitive pricing, improved store experiences, and faster delivery. Delivery now reaches roughly 95% of U.S. households within three hours, and expedited-order revenue jumped 70% year over year. Comparable sales at Walmart U.S. locations increased 4.5%.
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