Walmart’s shares increased their price after the reports’ publication

Shares of Walmart rose in price by 6.5%, which is the biggest daily growth from March 17, 2020. Such a growth to the highest level occurred only six months after the company's sales and profits exceeded analysts' forecasts. As a result, management raised its full-year guidance, expecting good earnings in the final quarter.

Analyst of Citigroup Global Markets Inc. Paul Lejuez wrote in his note that it was a serious success after the difficulties the company had to go through in the second quarter. The forecasts for the total net sales and earnings-per-share in the fourth quarter look stable. They will likely be exceeded.    

The volumes of revenue and sales are higher than all consensus forecasts. According to Chief Executive Officer Doug McMillon, Walmart grew its stock levels, and Walmart US increased its share in the product category. In the USA network, the level of sales is almost the same except for fuel. The sales in this category increased by 8.2%, which is much higher than the analysts' forecast of 3.36% growth. 



Subscribe to our newsletter and stay up to date with all the news!