🚀 Walmart shines again: record sales and improved profit outlook!
Walmartshares $WMT have performed remarkably for the year! After announcing results that beat expectations, they are up more than 3 % and for the year to date, they're already up more than 64 %. This growth reflects not only market confidence, but also the company's strong position in the retail arena.
📊 Key numbers for Q3 2024
Revenue: Reached $169.6 billion, beating expectations USD 167.67 billion.
Comparable sales in the U.S. (excluding fuel). 5,5 %, Expectations were only 3,8 %.
Sam's Club USA: Sales up by 7 %, well above estimates. 4,22 %.
Walmart USA: Sales rose by 5,3 %, which again beat estimates 3,73 %.
🛒 The success is driven by a focus on customers
The company's CEO, Doug McMillon praised his teams:"It was a strong quarter in which we confirmed our momentum. Customers appreciate our value propositions, fast delivery and convenient store pickup. Our teams are doing a great job."
The strong growth came from both traditional stores and online services, which are evolving at a lightning pace. In particular, delivery of goods directly from warehouses has seen double-digit growth rates.
🔮 Outlook for fiscal year 2025
Walmart believes in another successful year and has adjusted its outlook upwards:
Earnings per share: New range is $2.42-$2.47 (previously USD 2.35-2.43).
Net sales growth: Expected 4,8-5,1 %.
Operating profit (excluding currency fluctuations). 8,5-9,25 %.
Currency fluctuations had a Q3 a negative impact of USD 1.2 billion, which the company managed without any major problems.
The growth is greatly aided by strong digital advertising, third-party fees on online marketplaces, an effective e-commerce strategy, and most importantly, the ability to Walmart's to increase market share across segments - from traditional retail to online.
Walmart is a great example of a company that can combine tradition with innovation. The investment in digital infrastructure and customer experience is clearly bearing fruit.
Walmart confirms that the future of retail belongs to those who understand their customers. 📈
What do you think about Walmart, is this a good opportunity for a long-term investment? 😊
I looked at Target's results, and they were terrible. $WMT is doing significantly better.
It's probably not a stock I'd want to have in my portfolio, but they're doing pretty well right now.
Probably the best stock in this sector for me, but I wouldn't buy at this price.
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Shares of $WMT are doing great this year. I like a lot about this company, the gradual growth :) I find it pretty stable