BENTONVILLE (dpa-AFX) - Walmart Inc. (WMT), Thursday announced solid growth in third-quarter revenue and adjusted operating income, prompting the company to raise its fiscal year 2026 outlook.
Consolidated net income attributable to the company totaled $6.143 billion, or $0.77 a share, compared to $4.577 billion, or $0.57 a share, last year.
On adjusted basis, profit stood at $0.62 per share compared to $0.58 per share in the prior year.
Analysts, on average, estimated earnings of $0.6 per share for the same quarter.
Total revenues grew 5.8 percent, to $179.5 billion from $169.6 billion a year earlier.
Adjusted operating income increased to $7.263 billion from $6.708 billion in the previous year.
Looking ahead, the multinational retail company expects adjusted earnings of $2.58 to $2.63, including $0.01 to $0.02 headwind from currency, for the full year 2026, instead of previously announced $2.52 to $2.62, including $0.02 to $0.03 headwind from currency.
Analysts, on average, expect earnings of $2.61 per share for the full year.
Meanwhile, Walmart expects an increase of 4.8 to 5.1 percent in net sales for the fiscal year 2026, instead of previously estimated increase of 3.75 to 4.75 percent.
Concurrently, the Bentonville, Arkansas-based company announced the decision to transfer the listing of its common stock to The Nasdaq Stock Market LLC, which is in line with its long-term strategy.
Walmart expects its common stock to begin trading on the Nasdaq Global Select Market on December 9, 2025, under its current ticker symbol 'WMT'.
In the pre-market hours, WMT is trading at $100.90, up 0.31 percent on the New York Stock Exchange.
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