Adjusted operating income saw a 3.0% uptick, positively influenced by currency and LIFO impacts. Operating expenses as a percentage of net sales decreased by 182 basis points, lapping a discrete charge from the previous year. Walmart Inc ( NYSE:WMT) reported a strong financial performance in the third quarter, with consolidated gross margin rate improving by 32 basis points, partially due to a favorable shift in the timing of Flipkart's The Big Billion Days event. Warning! GuruFocus has detected 6 Warning Sign with WMT. Adjusted earnings per share (EPS) for the quarter reached $1.53, prompting the company to raise its full-year sales and EPS guidance to a range of 5.0% to 5.5% and $6.40 to $6.48, respectively. The retail giant saw consolidated revenue climb to $160.8 billion, a 5.2% increase, with a notable 4.9% rise in Walmart U.S.
On November 16, 2023, Walmart Inc ( NYSE:WMT) released its 8-K filing, announcing its third-quarter results which showcased robust revenue growth and operational efficiency. Operating cash flow grows to $19.0 billion, marking a $3.3 billion increase. Global eCommerce sales surge by 15%, with U.S. Walmart Inc ( NYSE:WMT) reports a 5.2% increase in revenue, reaching $160.8 billion in Q3.Īdjusted EPS climbs to $1.53, with the company raising its full-year sales and EPS outlook.
