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Walmart (WMT) raised full-year working revenue progress steering by practically 400 foundation factors on the midpoint.
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Walmart diminished U.S. supply value per order by roughly 40% for the third straight quarter.
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Households incomes over $100K accounted for 75% of Walmart’s market share positive factors.
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Walmart (NYSE: WMT) reported third-quarter fiscal 2026 outcomes earlier than the bell Thursday, beating on each the highest and backside traces. The inventory traded close to $102 in premarket motion, up modestly from Wednesday’s shut of $101.64. Buyers favored the steering elevate and eCommerce momentum. I assumed the consistency throughout segments was the actual standout right here.
Walmart posted adjusted earnings per share of $0.62, topping the $0.60 consensus by 3.3%. Income got here in at $179.5 billion, forward of the $175.2 billion estimate. That’s a 5.8% leap from the prior yr. Web revenue surged 33% to $6.09 billion. CEO Doug McMillon famous the corporate is “working laborious to avoid wasting our clients’ and members’ money and time, whereas concurrently reworking our enterprise for the long run.”
The corporate delivered robust progress throughout channels. World eCommerce rose 27%. Promoting income climbed 28%. Membership revenue elevated 22%. Working revenue got here in practically flat at $6.70 billion, down simply 0.2% as a consequence of a non-cash PhonePe share-based compensation cost. With out that, the working leverage story held up properly.
Walmart U.S. led with web gross sales of $120.7 billion, up 5.1%. Comparable gross sales rose 4.5%. The section continues gaining market share in each grocery and normal merchandise. McMillon identified that “households incomes greater than $100,000 made up 75% of our share positive factors.” That’s a big shift in buyer combine.
Worldwide delivered the strongest progress at 10.8%, with web gross sales hitting $33.5 billion. Sam’s Membership posted $23.6 billion in web gross sales, up 3.1%. CFO John David Rainey highlighted that store-fulfilled supply “elevated practically 50% and surpassed a $2.5 billion month-to-month run charge.”
I favored how {the marketplace} enterprise is scaling. It grew 42% within the quarter with SKU rely approaching 700 million gadgets. Walmart Join, the corporate’s promoting platform, grew 26% within the U.S. These various income streams have gotten significant contributors to revenue progress.
The corporate made actual progress narrowing eCommerce losses. Rainey famous “the third consecutive quarter of roughly 40% discount in U.S. web supply value per order.” That effectivity acquire issues. The enterprise mannequin is beginning to work as designed, with working revenue rising sooner than gross sales.
