Walmart raises annual sales forecast, bets on strong holiday shopping

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Walmart raises annual sales forecast, bets on strong holiday shopping - Business Standard

Quick Summary:

The retail bellwether now forecast fiscal 2025 consolidated net sales to rise in the range of 4.8 per cent to 5.1 per cent, compared with prior expectations of 3.75 per cent to 4.75 per cent growth.

Shares of Walmart, which are up nearly 60 per cent this year, rose about 4 per cent in premarket trading on Tuesday.

In the third quarter ended Oct.31, Walmart's US comparable sales rose 5.3 per cent, beating analysts estimates of a 3.61 per cent increase, according to data compiled by LSEG.