Walmart hikes its outlook again as shoppers spend more outside the grocery aisles
Publishing timestamp: 2024-11-19 05:01:01
Summary
Walmart beat third-quarter earnings and revenue expectations, raised its outlook, and saw growth in e-commerce and sales outside of grocery aisles. CFO cautioned about potential tariffs from President-elect Donald Trump. Walmart's net income and revenue increased, with strong comparable sales and e-commerce growth. Holiday spending is expected to increase at a modest rate.
Sentiment: POSITIVE
Tickers: WMT,
Keywords: business news, business, earnings, retail industry, breaking news: earnings, walmart inc, breaking news: business, donald j. trump,
Source: https://www.cnbc.com/2024/11/19/walmart-wmt-q3-2025-earnings.html