Walmart on Thursday raised its annual forecasts for the second time this year after another strong quarter led by surging online sales, in a signal of confidence headed into the holiday season, reports Reuters.
The company also said it plans to move its stock listing to Nasdaq from the New York Stock Exchange in December.
The retailer's US comparable sales, which combine online and store sales, rose 4.5 per cent in the August through October period, topping estimates of 3.8 per cent growth, according to LSEG. Online sales were a bright spot, climbing 28 per cent, driven by groceries.
"eCommerce was a bright spot again this quarter. We're gaining market share, improving delivery speed, and managing inventory well," outgoing CEO Doug McMillon said in a statement.
But while US comparable sales rose, the gain was below last year's 5.3 per cent and marked the second?slowest growth since the second-quarter of 2024.
US households, particularly low- and middle-income earners, have been under mounting financial stress for some time due to persistent inflation and a slowing job market.
© 2026 - All Rights with The Financial Express
