Walmart beat top and bottom line consensus for Q3 on Tuesday. WMT rose 3% on the day to close at $86.60 after raising full-year guidance. Walmart stock reached a new all-time high of $88.29 on Tuesday. eCommerce sales and advertising have helped the retailer continue to grow. Walmart , the world’s largest box store retailer by revenue, closed up 3% on Tuesday after releasing third-quarter earnings that came in above consensus.
“Households earning more than $100,000 made up 75% of our share gains. In the US, in-store volumes grew, curbside pickup grew faster, and delivery sales grew even faster than that,” McMillon said. We are raising our full year guidance to reflect strong third quarter results. On a constant currency basis, we now expect full year sales growth of 4.8% to 5.1%, and operating income growth of 8.5% to 9.25% versus prior guidance of growth of 3.75% to 4.75% and 6.5% to 8%, respectively.
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