Categories AlphaGraphs, Earnings, Retail

Earnings: Walmart (WMT) Q3 results beat estimates; US comps up 8.2%

Retail giant Walmart Inc. (NYSE: WMT) on Tuesday reported impressive earnings and revenue growth for the third quarter of 2023. The numbers also came in above the consensus estimates.

Walmart Q3 2023 earnings infographic

Third-quarter earnings, excluding special items, rose to $1.50 per share from $1.45 per share in the corresponding period of 2022. It was also above the experts’ projection. On an unadjusted basis, the company reported a net loss of $1.79 billion or $0.66 per share, compared to a profit of $3.11 billion or $1.11 per share a year earlier.

At $152.8 billion, total revenues were up 8.7% year-over-year during the three-month period, which is also above the estimates. U.S comparable store sales increased by 8.2%.

Check this space to read management/analysts’ comments on Walmart’s Q3 results

Walmart’s stock gained Tuesday morning soon after the earnings announcement, after closing the previous session lower.

Prior Performance

  • Walmart-Q2-2023-Earnings-Infographic
  • Walmart Q1 2023 Earnings Infographic
  • Walmart reports Q4 2022 earnings results
  • Walmart Q3 2022 earnings infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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