Walmart beats by $0.02, beats on revs, Comp sales +4.5%; raises FY26 EPS and net sales growth guidance (100.61)
- Reports Q3 (Oct) earnings of $0.62 per share, excluding non-recurring items, $0.02 better than the FactSet Consensus of $0.60; revenues rose 5.8% year/year to $179.5 bln vs the $177.44 bln FactSet Consensus.
- Comp sales (ex. fuel) of +4.5%. Transactions +1.8%, Average Ticket +2.7%.
- Sam's Club net sales +3.1% to $23.6 bln.
- Global eCommerce sales grew 27%, led by store-fulfilled pickup & delivery and marketplace.
- Gross margin rate up 2 bps, led by Walmart U.S, partially offset by International due to the timing of Flipkart's Big Billion Days event.
- Co raises guidance for FY26, sees EPS of $2.58-$2.63, up from prior guidance of $2.52-$2.62, still in-line with the $2.61 FactSet Consensus. Sees Net sales growth in constant currency of +4.8-5.1%, up from prior guidance of +3.75-4.75%.