Walmart beats Q3 earnings

Walmart exceeds Q3 earnings estimates with adjusted earnings per share of $1.53.

Walmart's Earnings Beat


Despite beating estimates, Walmart shares drop 7% due to a cautious holiday forecast.

Cautionary Outlook


Walmart anticipates adjusted earnings of $6.40 to $6.48, slightly below analysts' expectations.

Forecast for the Year


The company expects consolidated net sales to rise 5% to 5.5%, showing increased growth.

Sales Growth


Inflation trends affect sales; relief expected for customers during the holiday season.

Inflation Impact


Walmart anticipates a potential period of deflation, which could benefit customers.

Deflation Possibility


Consumers lean into major promotions, impacting purchasing trends before and after sales events.

Consumer Spending Trends


1. Walmart's Q3 net income rises to $453 million, with strong results in grocery and digital sales.

Q3 Performance