Walmart raises annual forecasts again, signals holiday shopping surge beyond essentials
Walmart on Tuesday raised its annual sales and profit forecast for the third consecutive time, as people bought more groceries and merchandise, a sign the world's largest retailer continues to gain market share ahead of the holidays.
Walmart raises guidance after another strong earnings report ahead of the holiday season
Walmart signaled it sees the momentum continuing for the holiday shopping season, raising its guidance for fiscal year 2025 for the third time. Net sales are now expected to grow between 4.8% and 5.1%. Previously, Walmart guided to 3.75% to 4.75% sales growth. Coming into the year, Walmart had expected 3% to 4% sales growth.
Opinion
Walmart Earnings Bring Good Tidings for the Holidays
The retailer had a blockbuster quarter. That could mean we’re in for a big shopping season — or that the megastore is just very good at what it does.
Walmart raises annual forecasts, betting on strong holiday shopping
Walmart on Tuesday raised its annual sales and profit forecast for the third consecutive time, with people buying more groceries and merchandise online and at its stores, a sign that it may be gaining market share ahead of the holiday season.
Walmart sees higher-income shoppers as a key to holiday sales growth
Households earning more than $100,000 made up 75 percent of its Walmart’s market share gains in the third quarter, chief executive Doug McMillon said.
Walmart earnings: Retailer projects fruitful holiday shopping season, stock jumps again
Walmart is already kicking off its Black Friday deals amid a shorter-than-usual holiday shopping season. The retailer expects higher sales this year.
Walmart heads into official start of holiday season with strong momentum after robust 3Q results
Walmart is heading into the official start of the holiday shopping season with strong tailwinds after ratcheting up better-than-expected fiscal third-quarter sales in many items including toys, home goods and groceries.
Walmart Sees ‘Momentum’ Ahead of Holiday Shopping Season
Walmart has told its workers that it plans to “win” the holiday season. Ahead of the peak shopping period, the nation’s largest retailer appears well positioned, citing “broad-based strength” across its product range.
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