Walmart surpassed expectations again with its third-quarter performance. According to NH Investment & Securities, Walmart reported impressive results for the third quarter of fiscal year 2025 (August to October). The retail giant’s sales reached $169.59 billion, a 5.5% year-over-year increase. Operating profit rose 8.2% to $6.71 billion, while non-GAAP earnings per share climbed 13.7% to $0.58.
This strong performance was attributed to robust consumer demand, increased membership revenue, and continued momentum in e-commerce, all of which drove growth exceeding market expectations in scale and profitability.
Hanwi, an NH Investment & Securities analyst, highlighted Walmart’s solid growth across online and offline channels and its diversified business mix. These factors have resulted in profit momentum that continues to outperform expectations. Han stated, “We anticipate further upside potential given its agile execution and strengthened core retail competitiveness.”
Alongside its better-than-expected quarterly results, Walmart raised its annual guidance for fiscal year 2025. Industry experts note that Walmart’s ongoing investments in omnichannel strategies and efforts to diversify its business mix—including advertising, membership programs, marketplace expansion, and fulfillment services—are beginning to yield significant benefits.
Hanwi observed that Walmart’s enhanced price competitiveness and improved shopping convenience attract more high-income consumers, further solidifying the company’s market share in the U.S. retail sector.
Operationally, Walmart has achieved notable efficiency gains. More than 50% of its fulfillment center volume is now automated, and store-fulfilled deliveries have surged nearly 50%, exceeding a revenue run rate of $2.5 billion.
The analyst predicts that Walmart’s evolving business structure will likely persist soon, driving positive profit momentum.
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