Walmart Surges in Premarket Trading on Strong Earnings

1 hr 2 min ago

Walmart (WMT) reported better third-quarter fiscal 2025 results than analysts expected, sending its stock higher Tuesday morning.

The retail giant reported $169.59 billion in revenue, up from $160.80 billion a year ago and above the $167.72 billion analysts expected, according to Visible Alpha. Walmart’s net income came in at $4.58 billion, or $0.57 per share, better than expectations of $4.25 billion and $0.53 per share, respectively.

Walmart has been gaining market share among customers across a variety of income levels in recent quarters, and executives have said the retailer’s combination of price and convenience has made it a destination for inflation-weary American consumers.

The retailer also lifted its fiscal 2025 projections, expecting sales to grow between 4.8% and 5.1% year-over-year, up from a previous range of 3.75% to 4.75%. It also raised its adjusted earnings per share (EPS) outlook to a range of $2.42 to $2.47 from $2.35 to $2.43 previously.

Walmart and home improvement giant Lowe’s (LOW) kicked off a busy period of retail earnings, with a number of competitors including Target (TGT), TJX Companies (TJX), and BJ’s Wholesale Club (BJ) reporting earnings this week. The reports from some of the nation’s biggest retailers will provide a view into the health of the U.S. consumer ahead of the holiday shopping season.

Walmart shares were up 3% in recent premarket trading and were on track to open Tuesday's session at an all-time high.

–Aaron McDade

Major Index Stock Futures Lower

1 hr 38 min ago

Futures tied to the Dow Jones Industrial Average were down 0.5%.

S&P 500 futures were off 0.3%.

Nasdaq 100 futures were down 0.2%.

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