WMT: Walmart Stock Jumps 6.6% After Earnings Show American Shoppers in Good Shape

Giant retailer single handedly moved to ease recession fears over US economy with June-quarter sales of $169.3 billion, topping analysts’ calls.

• Walmart stock WMT gained 6.6% on Thursday after the company posted better-than-expected earnings and revenue for the most recent quarter. What’s more, the gargantuan retailer single handedly alleviated recession fears thanks to its unmatched ability to attract shoppers and gauge the spending power of the American consumer. After all, Walmart is the world’s largest company by revenue with $648 billion for the last fiscal year.
• In the June quarter, sales piled to $169.3 billion and adjusted earnings per share arrived at 67 cents. Both the top line (revenue) and the bottom line (earnings) eclipsed analysts’ estimates for $168.6 billion and 65 cents, respectively. The world’s largest retailer reported a 4.2% year-on-year increase in same-store sales across its main location in the US, topping estimates for 3.6%. Online sales soared 22%.
• ”So far, we aren’t experiencing a weaker consumer overall,” CEO Doug McMillon said on a call with analysts Thursday. The robust financials, showing a resilient US consumer with no signs of pullback in spending, were so good they prompted Walmart to revise its 2025 guidance. Net sales are expected to rise between 3.75% and 4.75%, up from prior projection of 3% to 4%. Walmart is up 38% on the year, outpacing the broad-based S&P 500, which is up 17%.