$WMT

Dernières nouvelles pour Walmart (NYSE:WMT) Stock

Walmart

Walmart serves as the preeminent retailer in the United States, with its strategy predicated on superior operating efficiency and offering the lowest priced goods to consumers to drive robust store traffic and product turnover. Walmart augmented its low-price business strategy by offering a convenient one-stop shopping destination with the opening of its first supercenter in 1988.Today, Walmart operates over 4,600 stores in the United States (5,200 including Sam's Club) and over 10,000 locations globally. Walmart generated over $440 billion in domestic namesake sales in fiscal 2024, with Sam's Club contributing another $86 billion to the company's top line. Internationally, Walmart generated $115 billion in sales. The retailer serves around 240 million customers globally each week.

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Traders eyeing U.S. retail giants like Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) and Best Buy ahead of Black Friday and Cyber Monday may be in for an unpleasant surprise <a href="https://www.benzinga.com/news/large-cap/24/11/42094649/nvidia-stock-historically-drops-in-december-after-q3-earnings">as December kicks in.</a>
Despite the holiday shopping frenzy, historical data spanning decades suggests December is not the ideal month to invest in these retail behemoths.
<h2 class="wp-block-heading">December Is (Not) The Most Wonderful Time Of The Year For Walmart</h2>
Over the last 20 years, December has been Walmart&#8217;s weakest month of the year. 
Shares of Walmart fell by an average of 1.1% during the month, marking their worst average monthly performance.
Adding to the gloom, Walmart shares have only closed December in positive territory 40% of the time—just 8 times in 20 years. This is the lowest winning ratio for any month in the calendar year.
The retailer&#8217;s worst December performance in recent history occurred in 2022, when Walmart shares tumbled 7% during the month.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="458" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22154522/image-257-1024x458.png" alt="" class="wp-image-661722" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22154522/image-257-1024x458.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22154522/image-257-300x134.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22154522/image-257-768x343.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22154522/image-257-1536x686.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22154522/image-257.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
When extending the timeframe to 30 years, the data remains consistent: December is still Walmart&#8217;s worst-performing month, with shares dropping 0.9% on average and maintaining a winning ratio of just 40%.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="458" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22154607/image-258-1024x458.png" alt="" class="wp-image-661724" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22154607/image-258-1024x458.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22154607/image-258-300x134.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22154607/image-258-768x343.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22154607/image-258-1536x686.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22154607/image-258.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read also: <a href="https://www.benzinga.com/24/11/42124676/november-small-cap-surge-could-carry-into-decembers-santa-rally-historical-trends-suggest">November Small-Cap Surge Could Carry Into December&#8217;s Santa Rally, Historical Trends Suggest</a>
<h2 class="wp-block-heading">Amazon Also Sees Red In December</h2>
Amazon.com Inc. also tends to falter during the holiday season. While the e-commerce giant doesn't post losses as steep as Walmart's, December ranks as Amazon's second-worst month for stock performance, trailing only February.
Over the last 20 years, Amazon shares have fallen an average of 0.27% in December, with a winning ratio of just 45%.
The worst December on record came recently in 2022, when Amazon's stock plummeted by 13%, reflecting broader market turbulence. 
However, December hasn't always been grim—Amazon saw some standout gains in the past, including a 20.1% rally in 2008 and an 11.6% jump in 2004.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="466" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22155251/image-260-1024x466.png" alt="" class="wp-image-661728" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22155251/image-260-1024x466.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22155251/image-260-300x137.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22155251/image-260-768x350.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22155251/image-260-1536x699.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22155251/image-260.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Why Do Amazon And Walmart Struggle During the Holidays?</h3>
At first glance, the holiday season—a time of frenzied shopping activity—might seem like a boon for retail stocks. But Wall Street investors often shy away from buying retail giants like Amazon and Walmart during this period, and the reasons boil down to profit margins.
Black Friday and Cyber Monday deals may boost revenue, but they also weigh on profit margins. The steep discounts needed to attract consumers during the holidays often lead to margin compression, a red flag for investors prioritizing profitability.
The holiday period is typically when expectations for retail performance are already sky-high. If results don't meet or exceed those lofty benchmarks, stocks often sell-off.
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<li><a href="https://www.benzinga.com/news/global/24/11/42118286/7-us-natural-gas-stocks-to-watch-as-henry-hub-prices-surge-50-in-november">7 US Natural Gas Stocks To Watch As Henry Hub Prices Surge 50% In November</a></li>
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Why Walmart, Amazon Stock Could Stumble This Holiday Season

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CORRECTION: Reuters Makes Correction Naming Brian Setzer As U.S. CEO; Brian Setzer Is Executive Vice President, Health & Wellness, Walmart U.S.

Walmart U.S. CEO Says Kyle Kinnard Promoted To Executive Vice President, Health & Wellness

Walmart Executive Vice President, Health & Wellness Of Walmart U.S. Brian Setzer Is Leaving The Company

BofA Securities analyst Robert F. Ohmes maintained an Underperform rating on Best Buy Co, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) <a href="https://www.benzinga.com/quote/BBY/analyst-ratings">with a price target of $80.</a>
Ohmes maintains a cautious stance on Best Buy ahead of its fiscal third-quarter 2025 earnings report, scheduled for November 26. Ohmes projects revenue of $9.62 billion and earnings per share (EPS) of $1.26.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/11/42140725/snap-denies-facilitating-child-exploitation-seeks-dismissal-of-state-lawsuit" rel="noreferrer noopener">Snap Denies Child Exploitation Allegations, Wants Lawsuit Dismissed</a>
Enterprise comparable sales are expected to decline by 1%, slightly improving from the 2.3% drop reported in the fiscal second quarter.
Computing products such as notebooks, tablets, and services are anticipated to offset softness in appliances and home theater segments. However, aggregated credit and debit card data from October suggests that value-conscious consumers may delay purchases in anticipation of holiday sales.
Ohmes foresees limited gross margin expansion in the second half of fiscal 2024 compared to the first half.
Factors contributing to this include a smaller benefit from services and membership offerings following program changes at the end of June, alongside elevated promotional activity in a volatile consumer environment.
Margins are expected to face reduced credit card profit-sharing pressure, which could weigh slightly more on third-quarter results than fourth-quarter.
For 2025, the analyst anticipates fewer opportunities for margin growth, diverging from trends observed over the past two years.
Best Buy&#8217;s selling, general, and administrative (SG&amp;A) expenses are expected to grow year-over-year in the second half of 2024, reversing favorable conditions from the first half.
Increased marketing efforts and expanded store labor dedicated to appliances and home theater departments will drive SG&amp;A growth. Earlier benefits, such as reduced employee expenses and vendor support, are unlikely to repeat in the latter half of the year.
Ohmes retains an Underperform rating on Best Buy, citing headwinds such as a challenging discretionary spending environment, ongoing promotional activity, and competitive pressure from omnichannel retailers like Walmart and Costco Wholesale. These factors may overshadow expected growth in computing and services and potential stabilization in the consumer electronics industry by late 2024.
The analyst&#8217;s 12-month price objective of $80 is based on 12x projected fiscal 2026 EPS, slightly above Best Buy&#8217;s long-term average multiple but below the hardline retail sector average of 16x. While discretionary spending pressures weigh on valuation, sustained demand for consumer electronics and services, driven by remote work and learning trends, provides some downside protection.
Price Action: BBY stock is up 3.62% at $89.65 at last check Friday.
Image via Shutterstock
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Best Buy's Growth Hinges On Computing And Services As Q3 Approaches: Analyst

Live On CNBC, Kevin Simpson Announces Sold Walmart

Barclays analyst Seth Sigman maintains Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) with a Overweight and raises the price target from $78 to $90.

Barclays Maintains Overweight on Walmart, Raises Price Target to $90

Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) and Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) released their September quarter results just a day apart. Target&#8217;s management highlighted that its customers were most active during sales and promotional events, while Walmart&#8217;s leadership attributed 75% of its market share growth to households earning six-figure incomes.
Target&#8217;s executive vice president and chief commercial officer company Rick Gomez said that their consumers &#8220;know there are deals to be found, they&#8217;re willing to wait for sales and willing to search across multiple retailers.&#8221; While the latter&#8217;s chief executive officer, Doug McMillon attributed <a href="https://www.benzinga.com/news/earnings/earnings-beats/24/11/42085839/us-retail-giant-walmarts-growth-is-fueled-by-75-of-its-customers-earning-in-six-figures-ceo-doug-mcmillon-explains">75% of their market share gains</a> to "households earning more than $100,000."
Also read: <a href="https://www.benzinga.com/news/earnings/earnings-beats/24/11/42085839/us-retail-giant-walmarts-growth-is-fueled-by-75-of-its-customers-earning-in-six-figures-ceo-doug-mcmillon-explains">Walmart Market Share Surges As Six-Figure Income Households Drive 75% Of Growth In Q3: &#8216;People Come To Us To Shop As A Primary Destination&#8217;</a>
What Happened: Gomez highlighted that Target&#8217;s consumers were looking for promotions with an example. &#8220;Our Target Circle week this quarter was one of our biggest yet. However, we saw a more pronounced sales dip both the week before and the week after the event, showing just how planful consumers are in seeking out promotions when they shop.&#8221;
&#8220;Similarly, we saw consumers lean into everyday essential stock-up promotions throughout the quarter to further stretch their monthly budgets. We saw a strong reaction to promotions throughout the quarter,&#8221; he added.
On the flip side, John David Rainey the chief financial officer of Walmart re-affirmed his CEO&#8217;s view and said, &#8220;we're seeing higher engagement across income cohorts with upper-income households continuing to account for the majority of our share gains.&#8221;
Why It Matters: Shares of Target Corporation plunged by 21.41% to close at $121.72 apiece, on Wednesday, as compared to a 0.16% advance in the NYSE Composite Index. <a href="https://www.benzinga.com/news/earnings/24/11/42085436/target-q3-earnings-supply-chain-chaos-hits-bottomline-slashes-annual-profit-outlook-stock-tanks">Target&#8217;s third-quarter</a> adjusted earnings per share of $1.85, missed the street view of $2.30. Quarterly total revenue of $25.67 billion (+1.1% year over year) missed the analyst consensus estimate of $25.90 billion.
Brian Cornell, chair and chief executive officer of Target said, "We encountered some unique challenges and cost pressures that impacted our bottom-line performance.&#8221; The third-quarter gross margin rate decreased by 0.2 percentage points to 27.2%.
Also read: <a href="https://www.benzinga.com/news/earnings/24/11/42085436/target-q3-earnings-supply-chain-chaos-hits-bottomline-slashes-annual-profit-outlook-stock-tanks">Target Q3 Earnings: Supply Chain Chaos Hits Bottomline, Slashes Annual Profit Outlook, Stock Tanks</a>
On Tuesday, <a href="https://www.benzinga.com/pressreleases/24/11/b42058916/walmart-reports-strong-revenue-growth-of-5-5-with-operating-income-growing-faster-at-8-2">Walmart&#8217;s third-quarter results</a> beat estimates and the fiscal 2025 guidance was raised. Its shares rose 3% on Tuesday, while it was further up by 0.67% to $87.18 apiece as per Wednesday&#8217;s close.
Walmart&#8217;s ales were at $169.59 billion, up 5.5% year over year or 6.2% (at constant currency), beating the consensus of $167.72 billion. The gross margin rate was up 21 bps to 24.2% aided by improvement in the Walmart U.S. Operating income was up by $0.5 billion or 8.2% year over year at $6.7 billion.
Price Action: On a year-to-date basis, Walmart has surged by 64.19%, while Target is down by 14.94%, according to <a href="http://pro.benzinga.com">Benzinga Pro</a> data. The NYSE Composite Index was up 17.26% in the same period. In Thursday&#8217;s premarket, TGT shares were up 0.5%. 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="272" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21041932/Walmart-vs-TGT-1024x272.png" alt="" class="wp-image-658433" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21041932/Walmart-vs-TGT-1024x272.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21041932/Walmart-vs-TGT-300x80.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21041932/Walmart-vs-TGT-768x204.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21041932/Walmart-vs-TGT-1536x408.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21041932/Walmart-vs-TGT.png 1741w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Image via Flickr/ Mike Mozart

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Target Says Shoppers Wait For 'Deals' A Day After Rival Walmart Credits Market Gains To Wealthy Households: TGT Edges Up Marginally In Thursday Premarket

Up until earlier Wednesday morning, bullish investors had every reason for fueled optimism. Yesterday, big-box retailing giant Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) delivered strong third-quarter results, posting<a href="https://www.benzinga.com/24/11/42060801/walmart-tops-q3-estimates-ecommerce-growth-shines-with-27-lifts-full-year-forecast"> adjusted earnings per share of 58 cents</a>. This easily eclipsed analysts'<a href="https://www.benzinga.com/calendars/earnings"> consensus view of 53 cents</a>. In addition, revenue hit $169.59 billion, up 5.5% on a year-over-year basis or up 6.2% on a constant-currency basis. This print also beat analysts' estimate of $167.72 billion.
Notably, as Benzinga editor Lekha Gupta pointed out, "Global eCommerce sales rose 27%, driven by store-fulfilled pickup and delivery as well as marketplace growth. Global advertising business grew 28%, including 26% for Walmart Connect in the U.S." As well, the retailer has attracted a growing shopper base of<a href="https://www.benzinga.com/news/earnings/earnings-beats/24/11/42085839/us-retail-giant-walmarts-growth-is-fueled-by-75-of-its-customers-earning-in-six-figures-ceo-doug-mcmillon-explains"> households earning a six-figure income</a>.
Walmart CEO Doug McMillon stated that, "People come to us to shop as a primary destination in many instances and then they give us feedback across categories. And if you look at our offer in food and consumables, our shares are pretty high and consistent relative to some of the things we see in general merchandise."
Unfortunately, not every economic bellwether points in an encouraging direction. While investors celebrated the implied holiday cheer of Walmart's results, they got a reality check with rival Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>). During the midweek session's premarket hours, TGT stock stumbled due to a glaring<a href="https://www.benzinga.com/news/earnings/24/11/42085436/target-q3-earnings-supply-chain-chaos-hits-bottomline-slashes-annual-profit-outlook-stock-tanks"> earnings miss</a>.
The brick-and-mortar behemoth reported adjusted Q3 EPS of $1.85, falling well short of the consensus view of $2.30. In addition, while total revenue for the quarter reached $25.67 billion — representing a 1.1% lift from the year-go period — this figure missed the expectation of $25.90 billion.
Finally, what helped drive investors to the exits was the reduced outlook for the current fiscal year. Management is now forecasting adjusted EPS to land between $8.30 and $8.90, down from the<a href="https://www.benzinga.com/node/40480867"> previous guidance of $9 to $9.70</a>. The revised guidance is also below the consensus estimate of $9.55.
The Direxion ETFs: Although the split sentiments may be confusing Wall Street, this dynamic presents a compelling showcase for Direxion's leveraged exchange-traded funds. For those who remain optimistic, investors may consider acquiring units of Direxion Daily S&amp;P 500 Bull 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPXL#NYSE">SPXL</a>). On the other hand, speculators who feel that a turn for the worst may be imminent may look at Direxion Daily S&amp;P 500 Bear 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPXS#NYSE">SPXS</a>).
Per the financial service provider's website, the SPXL and SPXS funds seek the daily investment results (before fees and expenses) of 300% (or an inverse 300% in the case of SPXS) of the performance of the S&amp;P 500 index. It's important to note, though, that investors must not hold these leveraged funds for periods greater than one day. Doing so may result in value erosion due to the daily compounding of leveraged returns.
The SPXL ETF: Predictably, the SPXL fund has been a strong performer, gaining almost 69% since the beginning of January. However, it's also possible that some cracks may be forming in the armor.
<ul>
<li>While the SPXL is above its 50-day and 200-day moving averages, it has recently been straddling its 20-day exponential moving average, indicating near-term challenges.</li>
<li>Although the SPXL has been on a blistering run, there are signs of a slowdown. In the past six months, the ETF gained just over 26%. In the past month, it has moved up less than 1%.</li>
</ul>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdebd4FcBayrcwuduihEVsyZO79aile1bGCkx3qeOmWSQSTNHot3E0oNiWaN7tZ75WxO5ZIXqyX0qJVjgucKNaRM6uXxoEtUYWtK_OkkYWbkJHCbzPVn-K43L1ZK_y1eIa0JTlb_Q?key=_kQTGEFKUN6FuKd64aaRNp76" alt="" /></figure>
The SPXS ETF: On the other end of the spectrum, SPXS has struggled under the weight of the S&amp;P 500 bull market, losing nearly 47% since the start of the year. Still, a bounce back may be on the horizon.
<ul>
<li>At the moment, SPXS is below the 20 EMA, 50 DMA and 200 DMA. However, recent momentum implies a turnaround is possible.</li>
<li>Since mid-October, a discernible increase in acquisitive volume is evident, suggesting greater confidence in the bearish thesis.</li>
</ul>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdD98lhgkOWTyzf2WA5YZyBQz14PcPfcSxbnFshV36Do49R4Yoabf6x5cgm1ZEMAxVqCmpgchGuUHpa3r0eQ0XvCu9CfHYyl2AJUb5ihwYVYpCW-v5CnBRiji1_5mkspAh_p709Gg?key=_kQTGEFKUN6FuKd64aaRNp76" alt="" /></figure>
Featured photo by <a href="https://pixabay.com/users/fietzfotos-6795508/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=6607631">Albrecht Fietz</a> from <a href="https://pixabay.com/es/photos/bosque-rastro-6607631/">Pixabay</a>.
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Split Sentiments May Drive Huge Interest In Direxion's SPXL And SPXS Leveraged ETFs

Here are some key takeaways from analyst coverage of Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) after the retailer reported <a href="https://www.benzinga.com/24/11/42070321/walmarts-q3-triumph-analyst-sees-structural-gains-fueling-future-growth">upbeat third-quarter sales</a>.
<ul>
<li>Goldman Sachs <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58580bcbee7bf60001bcfa29/kate-mcshane">analyst Kate McShane</a> maintained a Buy rating, while raising the price target from $81 to $93.</li>
<li>Truist Securities <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59493ca670ed7a0001097213/scot-ciccarelli">analyst Scot Ciccarelli</a> reiterated a Buy rating, while lifting the price target from $89 to $98.</li>
<li>Telsey Advisory Group <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e301e08430dee0001c88c8d/joseph-feldman">analyst Joseph Feldman</a> reaffirmed an Outperform rating, while raising the price target from $92 to $100.</li>
<li>Bank of America Securities <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58ad8d48b85e930001f97170/robert-ohmes">analyst Robert Ohmes</a> maintained a Buy rating, while raising the price target from $95 to $105.</li>
<li>KeyBanc Securities <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59009b5a0bd9910001e5f2aa/bradley-thomas">analyst Bradley Thomas</a> reiterated an Overweight rating, while lifting the price target from $88 to $96.</li>
<li>JPMorgan <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/584847d9ee7bf6000154d225/christopher-horvers">analyst Christopher Horvers</a> reaffirmed an Overweight rating and price target of $97.</li>
<li>BMO Capital Markets <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58d11d39b85e93000188d7a0/kelly-bania">analyst Kelly Bania</a> maintained an Outperform rating and price target of $100.</li>
<li>DA Davidson <a href="https://drupal-cloudfront.benzinga.com/topic/michael-baker">analyst Michael Baker</a> reiterated Buy rating and price target of $85.</li>
</ul>
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Goldman Sachs: Walmart's US same-store sales grew by 5.3%, tracking better than consensus of 3.9%. This was driven by traffic, up 3.1%, and average ticket size, up 2.1%.
"WMT saw broad-based strength in the quarter, noting market share gains in the US, both in grocery and general merchandise, with households earning more than $100K accounting for 75% of share gains," McShane said in a note. The company seems well positioned to continue generating strong earnings growth for the rest of the year, supported by market share gains and improving profitability profile.
Truist Securities: Walmart is gaining market share "across customer cohorts." Around 75% of the company&#8217;s third-quarter gains came from higher-income households.
"Walmart's focus on price, convenience and assortment continues to resonate strongly with inflation-fatigued consumers," , Ciccarelli said.
After three years of declines, the company's higher-margin General Merchandise category grew slightly in the second quarter and growth accelerated to low single digits in the third quarter, the analyst stated. Walmart's higher-margin revenue streams enable the company to reinvest and expand margins, Ciccarelli added.
Telsey Advisory Group: Walmart company reported earnings of 58 cents per share, beating consensus of 53 cents per share, with sales growth of 5.5% to $169.6 billion, higher than market expectations of $167.7 billion, he added.
Telsey&#8217;s Feldman was &#8220;impressed&#8221; by &#8220;the comp of 5.3% vs. our estimate of 3.5%." Walmart gained market share in the U.S., "an increase in private brand penetration," and retuned to growth in general merchandise.
BofA Securities: Walmart raised guidance for adjusted earnings of $2.42-$2.47 per share, net sales of +4.8%-5.1% in constant currency terms and adjusted EBIT growth of +8.5%-9.25%, Ohmes said. In the fourth quarter, the company is likely to generate earnings of 62 cents per share, 4.2% net sales growth and US comps of +3.5%, he added.
"WMT continues to gain share across product categories and income cohorts as its strong value and digital conveni resonate," the analyst wrote. This year is a shortened holiday season, with five fewer days that last year between Thanksgiving and Christmas, which could "lead to higher online spend, favoring large digital/omni-channel players like WMT.&#8221;
KeyBanc Capital Markets: Walmart's third-quarter results were mostly above expectations, "driven by broad market share gains," Thomas said. U.S. comps accelerated sequentially with traffic remaining strong, he added.
"Encouragingly, WMT U.S. general merchandise comps inflected positive (+LSD), the first positive quarter since 2021, with unit volume +MSD," the analyst wrote. Walmart continues to be among "the most compelling investment opportunities in retail," he further stated.
JPMorgan: Walmart has the ability to "drive margins higher over time as its alternative profit pools gain momentum,&#8221; Horvers said. 
Walmart US was able to grow operating income by 9.1% year-on-year, despite a growth headwind of 120 to 150 basis points mainly in the SG&amp;A line, the analyst stated. "Structurally, we continue to see a path to 6.5% WMT US segment margins over time and for International to eclipse 6% as alternate profit pools scale," he further wrote.
BMO Capital Markets: Walmart witnessed "strong demand for expedited orders with incremental convenience fees and supply chain automation are helping to drive continued declines in net delivery costs per order (down 40% for third consecutive quarter)," Bania said.
The company's US third-party marketplace grew by 42% in the third quarter, and has the capacity to continue to grow, the analyst stated. Membership fees and advertising accounted for a third of Walmart's EBIT and Global advertising seems to be on track to reach around $4.3 billion in fiscal 2025.
DA Davidson: Walmart's consolidated revenues came in at $169,588 million, higher than consensus of $167,922 million, Baker said. US comps, excluding fuel, grew by 5.3% year-on-year and by 4.2% sequentially, he added.
Traffic "remains positive," up 3.1%, although this marked a slowdown from the 3.6% growth in the previous quarter, the analyst stated. "But, the average ticket was up 2.1%, much better than the up 0.6% last quarter," he further wrote.
Price Action: Shares of Walmart had risen by 0.37% to $86.92 at the time of publication on Wednesday.
Read More: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/earnings-beats/24/11/42085839/us-retail-giant-walmarts-growth-is-fueled-by-75-of-its-customers-earning-in-six-figures-ceo-doug-mcmillon-explains">Walmart Market Share Surges As Six-Figure Income Households Drive 75% Of Growth In Q3: &#8216;People Come To Us To Shop As A Primary Destination&#8217;</a></li>
</ul>
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